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 Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$19.23|
|52 Week High||CA$24.47|
|52 Week Low||CA$6.85|
|1 Month Change||-12.43%|
|3 Month Change||8.58%|
|1 Year Change||120.53%|
|3 Year Change||289.27%|
|5 Year Change||404.72%|
|Change since IPO||-45.07%|
Recent News & Updates
Is MEG Energy (TSE:MEG) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|MEG||CA Oil and Gas||CA Market|
Return vs Industry: MEG exceeded the Canadian Oil and Gas industry which returned 38.1% over the past year.
Return vs Market: MEG exceeded the Canadian Market which returned -2.6% over the past year.
|MEG Average Weekly Movement||9.3%|
|Oil and Gas Industry Average Movement||10.4%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: MEG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MEG's weekly volatility (9%) has been stable over the past year.
About the Company
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 owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.
MEG Energy Fundamentals Summary
|MEG fundamental statistics|
Is MEG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MEG income statement (TTM)|
|Cost of Revenue||CA$2.77b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.13|
|Net Profit Margin||13.41%|
How did MEG perform over the long term?See historical performance and comparison
Is MEG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MEG?
Other financial metrics that can be useful for relative valuation.
|What is MEG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MEG's PE Ratio compare to its peers?
|MEG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PSK PrairieSky Royalty
CPG Crescent Point Energy
WCP Whitecap Resources
POU Paramount Resources
MEG MEG Energy
Price-To-Earnings vs Peers: MEG is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (10.5x).
Price to Earnings Ratio vs Industry
How does MEG's PE Ratio compare vs other companies in the CA Oil and Gas Industry?
Price-To-Earnings vs Industry: MEG is expensive based on its Price-To-Earnings Ratio (9x) compared to the Canadian Oil and Gas industry average (8x)
Price to Earnings Ratio vs Fair Ratio
What is MEG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9x|
|Fair PE Ratio||10.3x|
Price-To-Earnings vs Fair Ratio: MEG is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (10.3x).
Share Price vs Fair Value
What is the Fair Price of MEG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MEG (CA$19.23) is trading below our estimate of fair value (CA$33.56)
Significantly Below Fair Value: MEG is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: MEG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is MEG Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEG's earnings are forecast to decline over the next 3 years (-13.6% per year).
Earnings vs Market: MEG's earnings are forecast to decline over the next 3 years (-13.6% per year).
High Growth Earnings: MEG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MEG's revenue is expected to decline over the next 3 years (-1.8% per year).
High Growth Revenue: MEG's revenue is forecast to decline over the next 3 years (-1.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MEG's Return on Equity is forecast to be high in 3 years time
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How has MEG Energy performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEG has high quality earnings.
Growing Profit Margin: MEG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MEG has become profitable over the past 5 years, growing earnings by 26.7% per year.
Accelerating Growth: MEG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MEG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (171.2%).
Return on Equity
High ROE: MEG's Return on Equity (15.8%) is considered low.
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How is MEG Energy's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MEG's short term assets (CA$1.3B) exceed its short term liabilities (CA$806.0M).
Long Term Liabilities: MEG's short term assets (CA$1.3B) do not cover its long term liabilities (CA$2.7B).
Debt to Equity History and Analysis
Debt Level: MEG's net debt to equity ratio (51%) is considered high.
Reducing Debt: MEG's debt to equity ratio has reduced from 131% to 58.4% over the past 5 years.
Debt Coverage: MEG's debt is well covered by operating cash flow (40.8%).
Interest Coverage: MEG's interest payments on its debt are well covered by EBIT (4.9x coverage).
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What is MEG Energy current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MEG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEG's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MEG has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Derek Evans (64 yo)
Mr. Derek W. Evans, B.Sc, has been the President and Chief Executive Officer at MEG Energy Corporation since August 10, 2018. Mr. Evans has been an Independent Director of Franco-Nevada Corporation since A...
CEO Compensation Analysis
Compensation vs Market: Derek's total compensation ($USD3.42M) is about average for companies of similar size in the Canadian market ($USD3.57M).
Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.
Experienced Management: MEG's management team is considered experienced (2.4 years average tenure).
Experienced Board: MEG's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MEG insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MEG Energy Corp.'s employee growth, exchange listings and data sources
- Name: MEG Energy Corp.
- Ticker: MEG
- Exchange: TSX
- Founded: 1999
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$5.987b
- Shares outstanding: 311.35m
- Website: https://www.megenergy.com
Number of Employees
- MEG Energy Corp.
- 600 – 3rd Avenue SW
- 25th Floor
- T2P 0G5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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.