Analyst Price Target is $8.89
▲ +29.35% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for MEG Energy in the last 3 months. The average price target is $8.89, with a high forecast of $15.00 and a low forecast of $3.00. The average price target represents a 29.35% upside from the last price of $6.87.
Current Consensus is
The current consensus among 11 polled investment analysts is to buy stock in MEG Energy. This rating has held steady since February 2021, when it changed from a Hold consensus rating.
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The company owns a 100% interest in approximately 450 square miles of mineral leases. It is developing oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. It primarily engages in sustainable in situ thermal oil production at its Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.