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MEG Energy TSX:MEG Stock Report

Last Price

CA$24.79

Market Cap

CA$6.2b

7D

1.1%

1Y

-16.7%

Updated

28 May, 2025

Data

Company Financials +

MEG Energy Corp.

TSX:MEG Stock Report

Market Cap: CA$6.2b

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 Growth1/6
Past Performance4/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 53.3% below our estimate of its fair value

Revenue is forecast to grow 4.64% per year

Earnings grew by 5.8% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 5.7% per year for the next 3 years

Significant insider selling over the past 3 months


Community vs My Fair Value

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MEG logo
MEG Energy
AN
AnalystConsensusTarget
Consensus Narrative from 13 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$29.00
FV
14.5% undervalued intrinsic discount
2.63%
Revenue growth p.a.
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16users have followed this narrative
about 15 hours ago author updated this narrative
View MEG Energy Community

MEG Energy Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for MEG Energy
Historical stock prices
Current Share PriceCA$24.79
52 Week HighCA$30.54
52 Week LowCA$17.00
Beta1.55
1 Month Change22.84%
3 Month Change8.02%
1 Year Change-16.67%
3 Year Change10.82%
5 Year Change550.66%
Change since IPO-29.19%

Recent News & Updates

Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)

May 07
Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)

Recent updates

Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)

May 07
Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)

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)
author-image

Trans Mountain Expansion And Carbon Capture Drive Growth And Boost Shareholder Value

Improved market access and pricing for Canadian heavy oil reduces earnings volatility and supports revenue growth through TMX startup.

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

Shareholder Returns

MEGCA Oil and GasCA Market
7D1.1%1.1%1.5%
1Y-16.7%-0.1%15.7%

Return vs Industry: MEG underperformed the Canadian Oil and Gas industry which returned -0.8% over the past year.

Return vs Market: MEG underperformed the Canadian Market which returned 13.9% over the past year.

Price Volatility

Is MEG's price volatile compared to industry and market?
MEG volatility
MEG Average Weekly Movement10.1%
Oil and Gas Industry Average Movement9.3%
Market Average Movement9.7%
10% most volatile stocks in CA Market18.7%
10% least volatile stocks in CA Market4.0%

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 (10%) 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$6.24b
Earnings (TTM)CA$620.00m
Revenue (TTM)CA$4.95b
10.2x
P/E Ratio
1.3x
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$4.95b
Cost of RevenueCA$2.37b
Gross ProfitCA$2.58b
Other ExpensesCA$1.96b
EarningsCA$620.00m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Jul 31, 2025

Earnings per share (EPS)2.44
Gross Margin52.13%
Net Profit Margin12.53%
Debt/Equity Ratio18.7%

How did MEG perform over the long term?

See historical performance and comparison

Dividends

1.6%
Current Dividend Yield
13%
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 DateJun 16 2025
Dividend Pay DateJul 15 2025
Days until Ex dividend17 days
Days until Dividend pay date46 days

Does MEG pay a reliable dividends?

See MEG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/28 09:51
End of Day Share Price 2025/05/28 00:00
Earnings2025/03/31
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 36 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.

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