MEG Stock Overview
An energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
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MEG Energy Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$22.44 |
| 52 Week High | CA$33.70 |
| 52 Week Low | CA$22.33 |
| Beta | 2.8 |
| 1 Month Change | -11.51% |
| 3 Month Change | -12.72% |
| 1 Year Change | -5.44% |
| 3 Year Change | 98.76% |
| 5 Year Change | 206.14% |
| Change since IPO | -35.90% |
Recent News & Updates
Recent updates
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?
Oct 15
Is MEG Energy (TSE:MEG) Using Too Much Debt?
Oct 03MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
Sep 19Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)
Aug 10MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Jun 18Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 04The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
May 08Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?
May 05MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks
Apr 21The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
Mar 05MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Mar 02Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares
Jan 07MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate
Dec 20MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price
Dec 01We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt
Sep 28MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price
Sep 10Returns Are Gaining Momentum At MEG Energy (TSE:MEG)
Aug 23Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 18Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?
Jun 02MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
May 13Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching
Apr 28MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly
Feb 01If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity
Jan 16Is MEG Energy Corp. (TSE:MEG) Trading At A 45% Discount?
Dec 04Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Oct 26Is Now The Time To Put MEG Energy (TSE:MEG) On Your Watchlist?
Sep 09Is MEG Energy Corp. (TSE:MEG) Trading At A 39% Discount?
Aug 19Shareholder Returns
| MEG | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | -5.7% | -5.7% | -4.1% |
| 1Y | -5.4% | 12.4% | 16.7% |
Return vs Industry: MEG underperformed the Canadian Oil and Gas industry which returned 12.4% over the past year.
Return vs Market: MEG underperformed the Canadian Market which returned 16.7% over the past year.
Price Volatility
| MEG volatility | |
|---|---|
| MEG Average Weekly Movement | 4.9% |
| Oil and Gas Industry Average Movement | 6.4% |
| Market Average Movement | 8.2% |
| 10% most volatile stocks in CA Market | 17.8% |
| 10% least volatile stocks in CA Market | 2.9% |
Stable Share Price: MEG has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: MEG's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 450 | Darlene Gates | www.megenergy.com |
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project 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. Fundamentals Summary
| MEG fundamental statistics | |
|---|---|
| Market cap | CA$5.95b |
| Earnings (TTM) | CA$504.00m |
| Revenue (TTM) | CA$5.45b |
11.7x
P/E Ratio1.1x
P/S RatioIs MEG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEG income statement (TTM) | |
|---|---|
| Revenue | CA$5.45b |
| Cost of Revenue | CA$2.94b |
| Gross Profit | CA$2.51b |
| Other Expenses | CA$2.01b |
| Earnings | CA$504.00m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.91 |
| Gross Margin | 46.11% |
| Net Profit Margin | 9.25% |
| Debt/Equity Ratio | 17.4% |
How did MEG perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield5%
Payout RatioDoes MEG pay a reliable dividends?
See MEG dividend history and benchmarks| MEG Energy dividend dates | |
|---|---|
| Ex Dividend Date | Dec 16 2024 |
| Dividend Pay Date | Jan 15 2025 |
| Days until Ex dividend | 4 days |
| Days until Dividend pay date | 26 days |
Does MEG pay a reliable dividends?
See MEG dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 23:50 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MEG Energy Corp. is covered by 38 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Thomas Driscoll | Barclays |
| Randy Ollenberger | BMO Capital Markets Equity Research |