Meren Energy Inc.

TSX:MER Stock Report

Market Cap: CA$1.4b

Meren Energy Dividends and Buybacks

Dividend criteria checks 3/6

Meren Energy is a dividend paying company with a current yield of 10.3%.

Key information

10.3%

Dividend yield

0%

Buyback Yield

Total Shareholder Yield10.3%
Future Dividend Yield9.3%
Dividend Growth32.9%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio-80%

Recent dividend and buyback updates

Recent updates

Narrative Update May 01

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.
Narrative Update Apr 09

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.
Analysis Article Nov 21

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...
Narrative Update Sep 14

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).
New Narrative Aug 27

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.
Analysis Article Feb 02

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...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Whilst dividend payments have been stable, MER has been paying a dividend for less than 10 years.

Growing Dividend: MER's dividend payments have increased, but the company has only paid a dividend for 4 years.


Dividend Yield vs Market

Meren Energy Dividend Yield vs Market
How does MER dividend yield compare to the market?
SegmentDividend Yield
Company (MER)10.3%
Market Bottom 25% (CA)1.7%
Market Top 25% (CA)5.4%
Industry Average (Oil and Gas)3.4%
Analyst forecast (MER) (up to 3 years)9.3%

Notable Dividend: MER's dividend (10.3%) is higher than the bottom 25% of dividend payers in the Canadian market (1.7%).

High Dividend: MER's dividend (10.3%) is in the top 25% of dividend payers in the Canadian market (5.41%)


Earnings Payout to Shareholders

Earnings Coverage: MER is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (78.7%), MER's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/31 05:47
End of Day Share Price 2026/07/31 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

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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

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.

AnalystInstitution
Alessandro PozziBarclays
Matthew CooperBarclays
Lydia RainforthBarclays