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MEG Energy (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
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
MEG Community Fair Values
Create NarrativeSee what 30 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
MEG Energy Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$30.67 |
| 52 Week High | CA$31.09 |
| 52 Week Low | CA$17.00 |
| Beta | 1.02 |
| 1 Month Change | 2.95% |
| 3 Month Change | 14.31% |
| 1 Year Change | 17.06% |
| 3 Year Change | 59.99% |
| 5 Year Change | 829.39% |
| Change since IPO | -12.40% |
Recent News & Updates
MEG: Cenovus Deal Closure And Delisting Will Shape Future Share Outcome
Analysts have modestly raised their price target on MEG Energy to C$30 from C$29, citing the approved Cenovus acquisition and evolving perceptions of deal risk, which are reflected in recent rating changes. Analyst Commentary Recent Street research on MEG Energy reflects a split view on the stock following developments around the Cenovus acquisition, with both upside potential and execution risk influencing valuation calls.MEG: Acquisition Approval and Deal Risks Will Determine Share Performance Ahead
Analysts have increased their price target for MEG Energy to C$30.00, citing recent developments in the proposed Cenovus acquisition and an updated assessment of deal-related risks. Analyst Commentary Recent street research reflects a divided sentiment among analysts regarding MEG Energy following updates on its pending acquisition and shareholder developments.MEG: Approval of Acquisition Will Shape Profit Outlook Amid Shareholder Delays
MEG Energy's analyst price target has been raised slightly from C$29.90 to C$30.00. Analysts point to improved revenue growth and profit margin expectations following approval of its acquisition by Cenovus Energy.MEG: Deal Uncertainties And Indigenous Bid Will Shape Upcoming Transaction Outcome
Analysts have modestly raised their price target for MEG Energy from C$29.50 to C$29.90, reflecting adjustments to deal risk and fair value estimates in light of ongoing transaction uncertainties. Analyst Commentary Recent analyst activity around MEG Energy reflects diverging views on the outlook for the company, driven largely by heightened deal risk and transaction-related uncertainties.Christina Lake Expansion Will Increase Production Capacity
Analysts have marginally raised their fair value price target for MEG Energy from C$29.11 to C$29.50, citing slight adjustments in discount rates and expectations for steady revenue growth. Analyst Commentary Recent commentary from the analyst community demonstrates a mix of cautious optimism and ongoing concerns surrounding MEG Energy’s valuation and future performance.Recent updates
MEG: Cenovus Deal Closure And Delisting Will Shape Future Share Outcome
Analysts have modestly raised their price target on MEG Energy to C$30 from C$29, citing the approved Cenovus acquisition and evolving perceptions of deal risk, which are reflected in recent rating changes. Analyst Commentary Recent Street research on MEG Energy reflects a split view on the stock following developments around the Cenovus acquisition, with both upside potential and execution risk influencing valuation calls.MEG: Acquisition Approval and Deal Risks Will Determine Share Performance Ahead
Analysts have increased their price target for MEG Energy to C$30.00, citing recent developments in the proposed Cenovus acquisition and an updated assessment of deal-related risks. Analyst Commentary Recent street research reflects a divided sentiment among analysts regarding MEG Energy following updates on its pending acquisition and shareholder developments.MEG: Approval of Acquisition Will Shape Profit Outlook Amid Shareholder Delays
MEG Energy's analyst price target has been raised slightly from C$29.90 to C$30.00. Analysts point to improved revenue growth and profit margin expectations following approval of its acquisition by Cenovus Energy.MEG: Deal Uncertainties And Indigenous Bid Will Shape Upcoming Transaction Outcome
Analysts have modestly raised their price target for MEG Energy from C$29.50 to C$29.90, reflecting adjustments to deal risk and fair value estimates in light of ongoing transaction uncertainties. Analyst Commentary Recent analyst activity around MEG Energy reflects diverging views on the outlook for the company, driven largely by heightened deal risk and transaction-related uncertainties.Christina Lake Expansion Will Increase Production Capacity
Analysts have marginally raised their fair value price target for MEG Energy from C$29.11 to C$29.50, citing slight adjustments in discount rates and expectations for steady revenue growth. Analyst Commentary Recent commentary from the analyst community demonstrates a mix of cautious optimism and ongoing concerns surrounding MEG Energy’s valuation and future performance.Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)
May 07
There's Been No Shortage Of Growth Recently For MEG Energy's (TSE:MEG) Returns On Capital
Feb 20Calculating The Intrinsic Value Of MEG Energy Corp. (TSE:MEG)
Feb 05Is MEG Energy (TSE:MEG) Using Too Much Debt?
Jan 22Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)
Jan 08
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 15Is 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 13Shareholder Returns
| MEG | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | 3.2% | 4.3% | 0.2% |
| 1Y | 17.1% | 59.2% | 35.6% |
Return vs Industry: MEG exceeded the Canadian Oil and Gas industry which returned 14.3% over the past year.
Return vs Market: MEG underperformed the Canadian Market which returned 21.3% over the past year.
Price Volatility
| MEG volatility | |
|---|---|
| MEG Average Weekly Movement | 2.9% |
| Oil and Gas Industry Average Movement | 9.0% |
| Market Average Movement | 10.5% |
| 10% most volatile stocks in CA Market | 18.1% |
| 10% least volatile stocks in CA Market | 3.9% |
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 (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 474 | Darlene Gates | www.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
| MEG fundamental statistics | |
|---|---|
| Market cap | CA$6.62b |
| Earnings (TTM) | CA$543.00m |
| Revenue (TTM) | CA$4.25b |
Is MEG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEG income statement (TTM) | |
|---|---|
| Revenue | CA$4.25b |
| Cost of Revenue | CA$1.90b |
| Gross Profit | CA$2.35b |
| Other Expenses | CA$1.80b |
| Earnings | CA$543.00m |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.53 |
| Gross Margin | 55.26% |
| Net Profit Margin | 12.79% |
| Debt/Equity Ratio | 17.4% |
How did MEG perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/13 10:13 |
| End of Day Share Price | 2025/11/13 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| 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.
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.
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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 Github.
Analyst Sources
MEG Energy Corp. is covered by 24 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 |
|---|---|
| Thomas Driscoll | Barclays |
| Peter Ogden | BofA Global Research |
| Philip Skolnick | Canaccord Genuity |