MEG Energy (TSX:MEG) - Stock Price, News & Analysis

MEG Stock Overview

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada.

MEG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 46.1% below our estimate of its fair value

Earnings are forecast to grow 22.35% per year

Risk Analysis

MEG passed our risk checks.

My Notes

Capture your thoughts, links and company narrative

MEG Energy Corp. Competitors

Crescent Point Energy

TSX:CPG

CA$4.8b

PrairieSky Royalty

TSX:PSK

CA$5.5b

Whitecap Resources

TSX:WCP

CA$5.8b

Ovintiv

TSX:OVV

CA$11.1b

Price History & Performance

Summary of all time highs, changes and price drops for MEG Energy
Historical stock prices
Current Share Price	CA$20.51
52 Week High	CA$24.47
52 Week Low	CA$13.91
Beta	2.84
1 Month Change	-7.70%
3 Month Change	-9.61%
1 Year Change	-8.31%
3 Year Change	438.32%
5 Year Change	127.13%
Change since IPO	-41.42%

MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

May 13

Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching

Apr 28

Recent updates

An Intrinsic Calculation For MEG Energy Corp. (TSE:MEG) Suggests It's 35% Undervalued

May 08

Newsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue Forecasts

May 08

Results: MEG Energy Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 07

Is MEG Energy (TSE:MEG) A Risky Investment?

Feb 19

MEG Energy's (TSE:MEG) Robust Earnings Are Supported By Other Strong Factors

Nov 15

Shareholder Returns

	MEG	CA Oil and Gas	CA Market
7D	-4.6%	-4.2%	-1.7%
1Y	-8.3%	-20.7%	-8.4%

Return vs Industry: MEG exceeded the Canadian Oil and Gas industry which returned -20.7% over the past year.

Return vs Market: MEG matched the Canadian Market which returned -8.4% over the past year.

Price Volatility

Is MEG's price volatile compared to industry and market?
MEG volatility
MEG Average Weekly Movement	6.2%
Oil and Gas Industry Average Movement	7.3%
Market Average Movement	8.4%
10% most volatile stocks in CA Market	16.1%
10% least volatile stocks in CA Market	3.5%

Stable Share Price: MEG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MEG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	430	Derek Evans	https://www.megenergy.com

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. Fundamentals Summary

How do MEG Energy's earnings and revenue compare to its market cap?
MEG fundamental statistics
Market Cap	CA$6.04b
Earnings (TTM)	CA$621.00m
Revenue (TTM)	CA$6.07b

9.5x

P/E Ratio

1.0x

P/S Ratio

Is MEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEG income statement (TTM)
Revenue	CA$6.07b
Cost of Revenue	CA$3.22b
Gross Profit	CA$2.85b
Other Expenses	CA$2.23b
Earnings	CA$621.00m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

Jul 27, 2023

Earnings per share (EPS)	2.16
Gross Margin	46.96%
Net Profit Margin	10.24%
Debt/Equity Ratio	33.5%

How did MEG perform over the long term?

See historical performance and comparison

MEG Stock Overview

Rewards

Risk Analysis

MEG Energy Corp. Competitors

TSX:CPG

CA$4.8b

TSX:PSK

CA$5.5b

TSX:WCP

CA$5.8b

TSX:OVV

CA$11.1b

Price History & Performance

Recent News & Updates

MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

Insider recently sold CA$104k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching

Consensus EPS estimates fall by 14%

Investor sentiment improves as stock rises 16%

Recent updates

MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

Insider recently sold CA$104k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching

Consensus EPS estimates fall by 14%

Investor sentiment improves as stock rises 16%

Consensus EPS estimates fall by 12%

Senior VP of Legal exercised options to buy CA$797k worth of stock.

Investor sentiment deteriorates as stock falls 17%

Consensus revenue estimates increase by 24%, EPS downgraded

Consensus revenue estimates decrease by 24%

Full year 2022 earnings: EPS misses analyst expectations

MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly

MEG Energy Corp., Annual General Meeting, May 01, 2023

If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity

Independent Director recently bought CA$51k worth of stock

Is MEG Energy Corp. (TSE:MEG) Trading At A 45% Discount?

MEG Energy Corp. Provides Production Guidance for the Full Year of 2023

Consensus EPS estimates fall by 13%

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

MEG Energy Corp. Reaffirms Operating Guidance for the Year 2022

Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Investor sentiment improved over the past week

Consensus EPS estimates fall by 10%

MEG Energy Corp. to Report Q3, 2022 Results on Nov 09, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Is Now The Time To Put MEG Energy (TSE:MEG) On Your Watchlist?

Is MEG Energy Corp. (TSE:MEG) Trading At A 39% Discount?

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

MEG Energy Corp. to Report Q2, 2022 Results on Jul 28, 2022

MEG Energy Corp. Announces Executive Changes

MEG Energy Corp. Revises Production Guidance for the Full Year 2022

Investor sentiment deteriorated over the past week

MEG Energy Corp. Announces Executive Changes

Independent Director recently sold CA$120k worth of stock

Is MEG Energy (TSE:MEG) Using Too Much Debt?

Chief Technology Officer exercised options and sold CA$4.0m worth of stock

Investor sentiment deteriorated over the past week

Consensus revenue estimates fall by 12%

An Intrinsic Calculation For MEG Energy Corp. (TSE:MEG) Suggests It's 35% Undervalued

Newsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue Forecasts

Chief Financial Officer recently sold CA$3.2m worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

MEG Energy Corp. to Report Q1, 2022 Results on May 02, 2022

Consensus forecasts updated

Chief Financial Officer recently sold CA$1.8m worth of stock

President exercised options to buy CA$3.0m worth of stock.

Price target increased to CA$22.50

Chief Financial Officer exercised options and sold CA$4.4m worth of stock

Price target increased to CA$20.73

Price target increased to CA$20.07

Consensus revenue estimates increase by 15%

Price target increased to CA$19.53

Results: MEG Energy Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts

Full year 2021 earnings: Revenues exceed analyst expectations

Full year 2021 earnings: Revenues exceed analyst expectations