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MEG Energy - MEGEF Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $9.67
  • Forecasted Upside: -49.12%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$19.00 As of 12/1/2023 09:55 PM ET
▲ +0.1 (0.53%)

This chart shows the closing price for MEGEF by one month, three months, or twelve months.

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Analyst Price Target for MEGEF

Analyst Price Target is $9.67
▼ -49.12% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for MEG Energy in the last 3 months. The average price target is $9.67, with a high forecast of $13.00 and a low forecast of $8.00. The average price target represents a -49.12% upside from the last price of $19.00.

This chart shows the closing price for MEGEF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 3 investment analysts is to buy stock in MEG Energy. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/11/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/9/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/8/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/8/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/6/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/4/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/3/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/3/2023

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/10/2023Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
9/11/2023Royal Bank of CanadaBoost TargetC$24.00 ➝ C$27.00
7/28/2023TD SecuritiesBoost TargetC$23.00 ➝ C$25.00
6/29/2023National Bank FinancialLower TargetC$29.00 ➝ C$27.00
5/23/2023ScotiabankUpgradeSector Perform ➝ Outperform
4/18/2023National Bank FinancialBoost TargetC$26.00 ➝ C$29.00
4/13/2023ScotiabankBoost TargetC$22.00 ➝ C$26.00
4/12/2023Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform
2/28/2023BMO Capital MarketsBoost TargetC$25.00 ➝ C$26.00
2/28/2023TD SecuritiesBoost TargetC$20.00 ➝ C$23.00
2/2/2023BMO Capital MarketsBoost TargetC$21.00 ➝ C$25.00
1/17/2023CIBCLower TargetC$22.00 ➝ C$20.00
1/17/2023ScotiabankLower TargetC$26.00 ➝ C$22.00
12/5/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight
11/14/2022Raymond JamesDowngradeOutperform ➝ Market Perform
11/10/2022DesjardinsBoost TargetC$20.00 ➝ C$22.00
11/10/2022Royal Bank of CanadaBoost TargetC$22.00 ➝ C$23.00
11/10/2022TD SecuritiesBoost TargetC$19.00 ➝ C$21.00
9/30/2022National Bank FinancialLower TargetC$30.00 ➝ C$26.00
7/29/2022TD SecuritiesLower TargetC$23.00 ➝ C$22.00
7/27/2022DesjardinsDowngradeBuy ➝ Hold
7/18/2022National Bank FinancialLower TargetC$31.00 ➝ C$30.00
6/30/2022National Bank FinancialLower TargetC$32.00 ➝ C$31.00
6/8/2022ScotiabankDowngradeOutperform ➝ Sector Perform
5/4/2022Royal Bank of CanadaBoost TargetC$21.00 ➝ C$22.00
5/3/2022BMO Capital MarketsBoost TargetC$22.00 ➝ C$25.00
5/3/2022TD SecuritiesBoost TargetC$21.00 ➝ C$23.00
4/18/2022ScotiabankBoost TargetC$22.00 ➝ C$23.00
4/14/2022CIBCBoost TargetC$20.00 ➝ C$23.00
4/14/2022National Bank FinancialBoost TargetC$24.00 ➝ C$32.00
3/24/2022TD SecuritiesDowngradeBuy ➝ Hold
3/7/2022National Bank FinancialUpgradeSector Perform ➝ Outperform
2/4/2022National Bank FinancialBoost TargetC$18.50 ➝ C$25.00
1/25/2022Royal Bank of CanadaBoost TargetC$15.00 ➝ C$18.00
1/13/2022ScotiabankBoost TargetC$14.00 ➝ C$16.00
12/1/2021DesjardinsBoost TargetBuyC$12.00 ➝ C$13.00
12/1/2021Tudor PickeringReiterated RatingNeutral ➝ HoldC$13.00
11/19/2021ScotiabankBoost TargetOutperformC$13.00 ➝ C$14.00
11/9/2021National Bank FinancialBoost TargetSector PerformC$14.00 ➝ C$15.00
11/9/2021TD SecuritiesBoost TargetBuyC$13.00 ➝ C$13.50
10/15/2021CIBCBoost TargetNeutralC$14.00 ➝ C$17.00
10/14/2021ScotiabankUpgradeSector Perform ➝ Outperform
9/29/2021National Bank FinancialLower TargetSector PerformC$14.50 ➝ C$14.00
7/23/2021Raymond JamesBoost TargetOutperformC$12.00 ➝ C$13.50
7/23/2021DesjardinsUpgradeHold ➝ Buy
7/20/2021Raymond JamesInitiated CoverageBuy$12.00
7/19/2021National Bank FinancialBoost TargetSector PerformC$13.50 ➝ C$15.00
7/15/2021ScotiabankBoost TargetSector PerformC$9.50 ➝ C$10.00
7/14/2021CIBCBoost TargetNeutralC$10.00 ➝ C$14.00
5/4/2021TD SecuritiesBoost TargetBuy$9.50 ➝ $10.00
4/15/2021ScotiabankBoost TargetSector Perform$6.00 ➝ $8.00
3/24/2021TD SecuritiesUpgradeHold ➝ Buy$7.00 ➝ $9.50
3/10/2021CIBCBoost TargetNeutral$6.00 ➝ $10.00
3/5/2021Royal Bank of CanadaBoost TargetOutperform$8.50 ➝ $9.00
3/5/2021DesjardinsBoost TargetHold$4.00 ➝ $7.00
3/4/2021Raymond JamesBoost TargetOutperform$7.50 ➝ $8.50
3/4/2021BMO Capital MarketsBoost TargetOutperform$6.50 ➝ $8.00
3/4/2021TD SecuritiesBoost TargetHold$5.50 ➝ $7.00
2/22/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
2/9/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral
1/14/2021ScotiabankBoost TargetSector Perform$4.50 ➝ $6.00
1/11/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
1/6/2021National Bank FinancialReiterated RatingSector Perform
12/16/2020CIBCBoost TargetNeutral$3.50 ➝ $6.00
12/11/2020Morgan StanleyUpgradeUnderweight ➝ Overweight
12/9/2020National Bank FinancialDowngradeOutperform ➝ Sector Perform
12/8/2020TD SecuritiesBoost TargetHold$3.00 ➝ $4.50
11/12/2020CIBCBoost TargetNeutral$3.25 ➝ $3.50
10/28/2020TD SecuritiesLower TargetHold$3.25 ➝ $3.00
10/26/2020CIBCInitiated CoverageNeutral
10/20/2020Morgan StanleyLower TargetUnderweight$4.75 ➝ $3.00
10/7/2020The Goldman Sachs GroupReiterated RatingBuy$4.00
8/10/2020Credit Suisse GroupReiterated RatingHold$4.25
7/28/2020BMO Capital MarketsBoost TargetMarket Perform$4.00 ➝ $4.50
7/28/2020Raymond JamesBoost TargetMarket Perform$5.00 ➝ $6.00
7/28/2020TD SecuritiesBoost TargetHold$3.75 ➝ $4.50
7/13/2020ScotiabankReiterated RatingHold$4.50
6/23/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$5.00
5/6/2020Royal Bank of CanadaBoost TargetSector Perform$3.00 ➝ $4.00
5/5/2020BMO Capital MarketsBoost TargetIn-Line ➝ Market Perform$3.00 ➝ $3.50
4/22/2020Royal Bank of CanadaReiterated RatingHold$3.00
4/16/2020Tudor PickeringReiterated RatingHold$3.00
4/16/2020Royal Bank of CanadaReiterated RatingHold$3.00
3/26/2020Raymond JamesReiterated RatingHold$2.50
3/25/2020Tudor PickeringDowngradeBuy ➝ Hold
3/25/2020Credit Suisse GroupLower TargetNeutral$8.00 ➝ $3.00
3/16/2020Royal Bank of CanadaReiterated RatingHold$3.00
3/12/2020Raymond JamesReiterated RatingHold$3.50
2/6/2020TD SecuritiesDowngradeBuy ➝ Hold
1/7/2020Tudor PickeringUpgradeHold ➝ Buy
12/16/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$6.50
12/9/2019JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral
10/31/2019CIBCReiterated RatingHold$7.00
10/22/2019Morgan StanleyDowngradeOverweight ➝ Underweight
7/15/2019Credit Suisse GroupInitiated CoverageNeutral
6/7/2019Tudor PickeringDowngradeBuy ➝ Hold
4/8/2019National Bank FinancialUpgradeSector Perform ➝ Outperform
1/29/2019Morgan StanleyUpgradeEqual Weight ➝ Buy
1/24/2019Tudor PickeringUpgradeHold ➝ Buy
1/18/2019National Bank FinancialReiterated RatingHold
1/17/2019Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
1/7/2019Royal Bank of CanadaReiterated RatingOutperform ➝ Sector Perform
12/13/2018Raymond JamesReiterated RatingHold
(Data available from 12/4/2018 forward)

News Sentiment Rating

1.16 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/8/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/7/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/7/2023
  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/6/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/5/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/5/2023
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/4/2023

Current Sentiment

  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

MEG Energy logo
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production 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. It also transports and sells thermal oil in North America and internationally. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $19.00
Low: $18.86
High: $20.00

50 Day Range

MA: $19.31
Low: $17.73
High: $20.49

52 Week Range

Now: $19.00
Low: $12.04
High: $20.71

Volume

518,500 shs

Average Volume

129,040 shs

Market Capitalization

N/A

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of MEG Energy?

The following equities research analysts have issued stock ratings on MEG Energy in the last year: BMO Capital Markets, CIBC, JPMorgan Chase & Co., National Bank Financial, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for MEGEF.

What is the current price target for MEG Energy?

6 Wall Street analysts have set twelve-month price targets for MEG Energy in the last year. Their average twelve-month price target is $9.67, suggesting a possible downside of 49.1%. National Bank Financial has the highest price target set, predicting MEGEF will reach $13.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $8.00 for MEG Energy in the next year.
View the latest price targets for MEGEF.

What is the current consensus analyst rating for MEG Energy?

MEG Energy currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MEGEF will outperform the market and that investors should add to their positions of MEG Energy.
View the latest ratings for MEGEF.

What other companies compete with MEG Energy?

Other companies that are similar to MEG Energy include 88 Energy, Afentra, Africa Energy, Aker BP ASA and Arkanova Energy. Learn More about companies similar to MEG Energy.

How do I contact MEG Energy's investor relations team?

MEG Energy's physical mailing address is 3rd Avenue SW, Calgary, AB T2P. The company's listed phone number is (403) 770-0446. The official website for MEG Energy is www.megenergy.com. Learn More about contacing MEG Energy investor relations.