Based on the MEG Energy Corp stock forecasts from 14 analysts, the average analyst target price for MEG Energy Corp is CAD 22.07 over the next 12 months. MEG Energy Corp’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of MEG Energy Corp is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, MEG Energy Corp’s stock price was CAD 19.55. MEG Energy Corp’s stock price has changed by +3.55% over the past week, -11.06% over the past month and +6.02% over the last year.
No recent analyst target price found for MEG Energy Corp
No recent average analyst rating found for MEG Energy Corp
Company Overview
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. It also transports and sells thermal oil in North America and internationally. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada. Read Less
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery o...Read More
Based on ratings from 14 analysts MEG Energy Corp's stock is Buy . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 6 buy, sell and 18 hold ratings.
Unfortunately we do not have enough data on MEG:CA's stock to indicate if its a good dividend stock.
Based on targets from 14 analysts, the average taret price for MEG:CA is CAD 22.07 over the next 12 months. The maximum analyst target price is CAD 26 while the minimum anlayst target price is CAD 16.
MEG:CA stock's Price/Earning ratio is 6.39.
Our analysis grades MEG:CA stock's Price / Earning ratio at F. This means that MEG:CA stock's Price/Earning ratio is above 81% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this MEG:CA may be a overvalued for its sector.
The last closing price of MEG:CA's stock was CAD 19.55.
The most recent market capitalization for MEG:CA is CAD 5.78B.
Based on targets from 14 analysts, the average taret price for MEG:CA is projected at CAD 22.07 over the next 12 months.
This means that MEG:CA's stock price may go up by +12.87% over the next 12 months.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
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