Eight Capital Reiterates C$8.00 Price Target for MEG Energy (MEG)
MEG has been the subject of a number of other research reports. Scotiabank downgraded MEG Energy from an outperform rating to a sector perform rating and set a C$6.00 price objective for the company. in a report on Wednesday, November 15th. Barclays increased their price objective on MEG Energy from C$5.00 to C$6.00 in a report on Friday, October 27th. National Bank Financial increased their price objective on MEG Energy from C$5.25 to C$6.25 and gave the stock a sector perform rating in a report on Tuesday, January 9th. GMP Securities increased their price objective on MEG Energy from C$5.50 to C$7.00 and gave the stock a buy rating in a report on Monday, December 4th. Finally, CIBC increased their price objective on MEG Energy from C$4.50 to C$5.25 in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$7.15.
MEG Energy (MEG) opened at C$5.80 on Thursday. The stock has a market capitalization of $1,710.00, a price-to-earnings ratio of -8.29 and a beta of 2.53. MEG Energy has a twelve month low of C$3.28 and a twelve month high of C$7.91.
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MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods.
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