MEG Energy Corp. (TSE:MEG - Get Free Report) Director Kimberley Elizabeth Lynch Proctor bought 3,500 shares of the business's stock in a transaction that occurred on Thursday, November 28th. The shares were acquired at an average cost of C$25.06 per share, with a total value of C$87,713.85.
MEG Energy Trading Up 0.7 %
Shares of TSE MEG opened at C$25.00 on Friday. The business has a 50 day simple moving average of C$26.11 and a 200 day simple moving average of C$27.29. MEG Energy Corp. has a 52 week low of C$22.79 and a 52 week high of C$33.70. The stock has a market cap of C$6.74 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.17 and a beta of 2.89. The company has a debt-to-equity ratio of 26.35, a quick ratio of 1.17 and a current ratio of 1.54.
MEG Energy (TSE:MEG - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported C$0.62 EPS for the quarter, missing the consensus estimate of C$0.63 by C($0.01). MEG Energy had a return on equity of 12.99% and a net margin of 10.43%. The business had revenue of C$1.27 billion during the quarter, compared to the consensus estimate of C$1.33 billion. On average, research analysts predict that MEG Energy Corp. will post 2.2734628 earnings per share for the current fiscal year.
MEG Energy Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, December 16th. MEG Energy's payout ratio is 19.05%.
Wall Street Analyst Weigh In
MEG has been the subject of several research analyst reports. TD Securities upped their price target on shares of MEG Energy from C$35.00 to C$36.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. BMO Capital Markets reduced their price target on shares of MEG Energy from C$37.00 to C$34.00 in a research report on Friday, October 4th. ATB Capital reduced their price target on shares of MEG Energy from C$37.00 to C$35.00 in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of MEG Energy from C$32.00 to C$26.00 and set a "hold" rating for the company in a research report on Monday, September 16th. Finally, National Bankshares reduced their price target on shares of MEG Energy from C$35.00 to C$31.00 in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, MEG Energy presently has a consensus rating of "Hold" and a consensus price target of C$32.45.
View Our Latest Analysis on MEG
About MEG Energy
(
Get Free Report)
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.
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