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MEG Energy TSX:MEG Stock Report

Last Price

CA$24.97

Market Cap

CA$6.3b

7D

5.3%

1Y

-18.0%

Updated

19 Mar, 2025

Data

Company Financials +

MEG Energy Corp.

TSX:MEG Stock Report

Market Cap: CA$6.3b

MEG Stock Overview

An energy company, focuses on in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. More details

MEG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 43.3% below our estimate of its fair value

Analysts in good agreement that stock price will rise by 25.7%

Risk Analysis

MEG passed our risk checks.

Community vs My Fair Value

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MEG logo
MEG Energy
AN
Analyst Price Target
Consensus Narrative from 14 Analysts

Facility Expansion And TMX Pipeline Access Will Improve Future Net Margins

Key Takeaways Facility expansion and TMX pipeline access improve production and narrow differentials, enhancing future revenue and net margins. Strong capital return policy, low operating costs, and strategic debt reduction enhance shareholder value and financial stability.
View narrative
CA$31.57
FV
20.9% undervalued intrinsic discount
3.77%
Revenue growth p.a.
0users have liked this narrative
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15users have followed this narrative
Updated narrative
View MEG Energy Community

MEG Energy Corp. Competitors

PrairieSky Royalty

TSX:PSK

CA$6.2b

Strathcona Resources

TSX:SCR

CA$6.0b

Whitecap Resources

TSX:WCP

CA$5.3b

Veren

TSX:VRN

CA$5.6b

Price History & Performance

Summary of share price highs, lows and changes for MEG Energy
Historical stock prices
Current Share PriceCA$24.97
52 Week HighCA$33.70
52 Week LowCA$19.77
Beta2.82
1 Month Change8.66%
3 Month Change11.27%
1 Year Change-18.00%
3 Year Change33.89%
5 Year Change1,553.64%
Change since IPO-28.68%

Recent News & Updates

Recent updates

There's Been No Shortage Of Growth Recently For MEG Energy's (TSE:MEG) Returns On Capital

Feb 20
There's Been No Shortage Of Growth Recently For MEG Energy's (TSE:MEG) Returns On Capital

Calculating The Intrinsic Value Of MEG Energy Corp. (TSE:MEG)

Feb 05
Calculating The Intrinsic Value Of MEG Energy Corp. (TSE:MEG)

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

Jan 22
Is MEG Energy (TSE:MEG) Using Too Much Debt?

Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)

Jan 08
Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)

Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?

Oct 15
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?

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

Oct 03
Is MEG Energy (TSE:MEG) Using Too Much Debt?

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

Sep 19
MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)

Aug 10
Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)

MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

Jun 18
MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

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

Jun 04
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

May 08
The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?

May 05
Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?

MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks

Apr 21
MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks

The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

Mar 05
The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

Mar 02
MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

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

Feb 13
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares

Jan 07
MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares

MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate

Dec 20
MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate

MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price

Dec 01
MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price

We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt

Sep 28
We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt

MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price

Sep 10
MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price

Returns Are Gaining Momentum At MEG Energy (TSE:MEG)

Aug 23
Returns Are Gaining Momentum At MEG Energy (TSE:MEG)

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

Jun 18
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?

Jun 02
Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?

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

May 13
MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

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

Apr 28
Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching

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

Feb 01
MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly

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

Jan 16
If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity

Shareholder Returns

MEGCA Oil and GasCA Market
7D5.3%3.5%2.5%
1Y-18.0%6.0%11.1%

Return vs Industry: MEG underperformed the Canadian Oil and Gas industry which returned 4.2% over the past year.

Return vs Market: MEG underperformed the Canadian Market which returned 10.7% over the past year.

Price Volatility

Is MEG's price volatile compared to industry and market?
MEG volatility
MEG Average Weekly Movement5.6%
Oil and Gas Industry Average Movement7.1%
Market Average Movement8.6%
10% most volatile stocks in CA Market17.7%
10% least volatile stocks in CA Market3.3%

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 (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999474Darlene Gateswww.megenergy.com

MEG Energy Corp., an energy company, focuses on 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. 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 capCA$6.32b
Earnings (TTM)CA$507.00m
Revenue (TTM)CA$5.15b

12.6x

P/E Ratio

1.2x

P/S Ratio

Is MEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEG income statement (TTM)
RevenueCA$5.15b
Cost of RevenueCA$2.64b
Gross ProfitCA$2.51b
Other ExpensesCA$2.00b
EarningsCA$507.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 06, 2025

Earnings per share (EPS)1.97
Gross Margin48.73%
Net Profit Margin9.85%
Debt/Equity Ratio18.8%

How did MEG perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

11%

Payout Ratio

Does MEG pay a reliable dividends?

See MEG dividend history and benchmarks
When do you need to buy MEG by to receive an upcoming dividend?
MEG Energy dividend dates
Ex Dividend DateMar 20 2025
Dividend Pay DateApr 15 2025
Days until Ex dividend0 days
Days until Dividend pay date26 days

Does MEG pay a reliable dividends?

See MEG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/19 10:08
End of Day Share Price 2025/03/19 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

MEG Energy Corp. is covered by 35 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Capital Markets
Thomas DriscollBarclays
Randy OllenbergerBMO Capital Markets Equity Research