MEG Energy Corp (TSE:MEG) Director William Robert Klesse purchased 12,800 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of C$4.64 per share, for a total transaction of C$59,423.23. Following the completion of the acquisition, the director now directly owns 262,800 shares of the company’s stock, valued at approximately C$1,220,033.23.

MEG traded down C$0.04 during midday trading on Tuesday, hitting C$4.67. 613,888 shares of the company traded hands, compared to its average volume of 2,655,147. The company has a current ratio of 1.88, a quick ratio of 1.67 and a debt-to-equity ratio of 102.53. The company has a market capitalization of $1.41 billion and a price-to-earnings ratio of -7.22. MEG Energy Corp has a 52-week low of C$4.06 and a 52-week high of C$11.70. The business has a 50 day simple moving average of C$5.11 and a two-hundred day simple moving average of C$5.26.

MEG Energy (TSE:MEG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion for the quarter. Equities research analysts anticipate that MEG Energy Corp will post 0.26 earnings per share for the current year.

A number of brokerages recently issued reports on MEG. GMP Securities lowered their price target on shares of MEG Energy from C$8.50 to C$8.00 in a report on Friday, June 28th. CIBC lowered their price target on shares of MEG Energy from C$7.50 to C$7.00 in a report on Thursday, July 18th. National Bank Financial lowered their price target on shares of MEG Energy from C$8.50 to C$8.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Raymond James reissued a “market perform” rating and set a C$8.00 price target on shares of MEG Energy in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lowered their price target on shares of MEG Energy from C$7.50 to C$7.00 in a report on Thursday, July 18th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. MEG Energy currently has an average rating of “Buy” and an average price target of C$8.03.

About MEG Energy

MEG Energy Corp., an oil sands company, focuses on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. The company owns a 100% interest in approximately 900 square miles of oil sands leases in the southern Athabasca oil sands region of northern Alberta.

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