Meren Energy (MER) Stock Overview
Operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
MER Community Fair Values
Create NarrativeSee what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Meren Energy Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.29 |
| 52 Week High | CA$2.58 |
| 52 Week Low | CA$1.67 |
| Beta | 0.40 |
| 1 Month Change | 0.88% |
| 3 Month Change | 13.37% |
| 1 Year Change | 26.52% |
| 3 Year Change | -27.30% |
| 5 Year Change | 44.94% |
| Change since IPO | -66.07% |
Recent News & Updates
MER: 2026 Guidance And Sector Downgrade Will Test Long-Term Patience
The analyst price target for Meren Energy has been revised slightly lower to CA$2.50. Analysts attribute this change primarily to a later expected production inflection around first oil from Venus in 2030.
Deepwater Drilling And Hedging Risks Will Shape Future Cash Flows And Modest Upside Potential
Catalysts About Meren Energy Meren Energy is an oil and gas producer with low cost offshore production in Nigeria and growth projects in Namibia, South Africa and Equatorial Guinea. What are the underlying business or industry changes driving this perspective?MER: Raised 2026 Guidance And Dividend Will Test Long-Term Production Patience
Analysts have reduced their fair value estimate for Meren Energy from CA$3.12 to CA$2.50, citing a longer wait for a production inflection point, with first oil from the Venus project not expected until 2030, along with a shift to more conservative revenue and P/E assumptions. What’s in the News for Meren Energy Meren Energy reported first half 2026 EBITDAX of $219.5 million and operating cash flow before working capital of $139.4 million, according to recent company results.Recent updates
MER: 2026 Guidance And Sector Downgrade Will Test Long-Term Patience
The analyst price target for Meren Energy has been revised slightly lower to CA$2.50. Analysts attribute this change primarily to a later expected production inflection around first oil from Venus in 2030.Deepwater Drilling And Hedging Risks Will Shape Future Cash Flows And Modest Upside Potential
Catalysts About Meren Energy Meren Energy is an oil and gas producer with low cost offshore production in Nigeria and growth projects in Namibia, South Africa and Equatorial Guinea. What are the underlying business or industry changes driving this perspective?MER: Raised 2026 Guidance And Dividend Will Test Long-Term Production Patience
Analysts have reduced their fair value estimate for Meren Energy from CA$3.12 to CA$2.50, citing a longer wait for a production inflection point, with first oil from the Venus project not expected until 2030, along with a shift to more conservative revenue and P/E assumptions. What’s in the News for Meren Energy Meren Energy reported first half 2026 EBITDAX of $219.5 million and operating cash flow before working capital of $139.4 million, according to recent company results.MER: Hold Downgrade And CEO Transition Will Shape A Measured Execution Test
Analysts have trimmed their price target on Meren Energy slightly to about CA$2.50 from CA$2.49, reflecting updated views on profit margin assumptions and a much higher future P/E multiple following a recent downgrade to Hold. Analyst Commentary Bullish Takeaways Bullish analysts view the modest trim in the target price to about CA$2.50 as leaving some room for upside if Meren Energy can deliver on profit margin assumptions now embedded in the Hold rating.MER: Hold Downgrade And CEO Transition Will Shape A More Cautious Outlook
Meren Energy's analyst price target has been revised to CA$2.49 from CA$2.61. Analysts cite updated fair value and discount rate assumptions, more moderate revenue growth and profit margin expectations, a higher future P/E, and the recent downgrade to Hold as key drivers of the change.Meren Energy's (TSE:MER) Solid Earnings Have Been Accounted For Conservatively
Meren Energy Inc.'s ( TSE:MER ) solid earnings announcement recently didn't do much to the stock price. We did some...Namibia Developments Will Secure Resilient Future Production
The downward revision in Meren Energy’s price target reflects a marked deterioration in growth expectations alongside a higher valuation multiple, with the consensus fair value now at CA$2.61. What's in the News Merger talks between Tullow Oil and Meren Energy have collapsed after progressing as recently as June 2025; the reasons for the failed discussions remain unclear (Sky News/Key Developments).Namibia Developments Will Secure Resilient Future Production
Key Takeaways Strong project pipeline and disciplined capital allocation position Meren Energy for sustained revenue growth, improved margins, and long-term financial stability. Strategic partnerships and capacity expansions reduce exploration risk and support resilient cash flow through future market cycles.Is Africa Oil Corp. (TSE:AOI) Trading At A 29% Discount?
Key Insights Africa Oil's estimated fair value is CA$3.52 based on 2 Stage Free Cash Flow to Equity Africa Oil's...Shareholder Returns
| MER | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | 3.2% | -0.5% | -2.0% |
| 1Y | 26.5% | 33.9% | 22.3% |
Return vs Industry: MER underperformed the Canadian Oil and Gas industry which returned 33.6% over the past year.
Return vs Market: MER exceeded the Canadian Market which returned 22.2% over the past year.
Price Volatility
| MER volatility | |
|---|---|
| MER Average Weekly Movement | 4.7% |
| Oil and Gas Industry Average Movement | 7.6% |
| Market Average Movement | 9.3% |
| 10% most volatile stocks in CA Market | 16.4% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: MER has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: MER's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 50 | Oliver Quinn | mereninc.com |
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa.
Meren Energy Inc. Fundamentals Summary
| MER fundamental statistics | |
|---|---|
| Market cap | CA$1.56b |
| Earnings (TTM) | -CA$133.47m |
| Revenue (TTM) | CA$1.01b |
Is MER overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MER income statement (TTM) | |
|---|---|
| Revenue | US$725.20m |
| Cost of Revenue | US$275.20m |
| Gross Profit | US$450.00m |
| Other Expenses | US$546.00m |
| Earnings | -US$96.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 11, 2026
| Earnings per share (EPS) | -0.14 |
| Gross Margin | 62.05% |
| Net Profit Margin | -13.24% |
| Debt/Equity Ratio | 41.1% |
How did MER perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 16:52 |
| End of Day Share Price | 2026/09/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| 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.
Learn about the 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
Meren Energy Inc. is covered by 33 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.
| Analyst | Institution |
|---|---|
| Alessandro Pozzi | Barclays |
| Matthew Cooper | Barclays |
| Lydia Rainforth | Barclays |