OTCMKTS:MEGEF - MEG Energy Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $4.53
  • Forecasted Upside: -16.30 %
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 8 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$5.41
▲ +0.23 (4.44%)
1 month | 3 months | 12 months
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Analyst Price Target for MEGEF

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$4.53
▼ -16.30% Downside 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 $4.53, with a high forecast of $6.00 and a low forecast of $3.00. The average price target represents a -16.30% upside from the last price of $5.41.
Hold
The current consensus among 11 investment analysts is to hold stock in MEG Energy. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 0 sell ratings
9/10/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
12/9/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
3/8/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 6 hold ratings
  • 0 sell ratings
6/6/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 0 sell ratings
9/4/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 0 sell ratings
12/3/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 0 sell ratings
2/1/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 0 sell ratings
3/3/2021

Latest Recommendations

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

DateBrokerageActionRatingPrice TargetDetails
2/22/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
i
2/9/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral
i
1/14/2021ScotiabankBoost Price TargetSector Perform$4.50 ➝ $6.00
i
1/11/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
i
1/6/2021National Bank FinancialReiterated RatingSector Perform
i
12/16/2020CIBCBoost Price TargetNeutral$3.50 ➝ $6.00
i
12/11/2020Morgan StanleyUpgradeUnderweight ➝ Overweight
i
12/9/2020National Bank FinancialDowngradeOutperform ➝ Sector Perform
i
12/8/2020TD SecuritiesBoost Price TargetHold$3.00 ➝ $4.50
i
11/12/2020CIBCBoost Price TargetNeutral$3.25 ➝ $3.50
i
10/28/2020TD SecuritiesLower Price TargetHold$3.25 ➝ $3.00
i
10/26/2020CIBCInitiated CoverageNeutral
i
10/20/2020Morgan StanleyLower Price TargetUnderweight$4.75 ➝ $3.00
i
10/7/2020The Goldman Sachs GroupReiterated RatingBuy$4.00
i
Rating by Emily Chieng at The Goldman Sachs Group, Inc.
8/10/2020Credit Suisse GroupReiterated RatingHold$4.25
i
7/28/2020BMO Capital MarketsBoost Price TargetMarket Perform$4.00 ➝ $4.50
i
7/28/2020Raymond JamesBoost Price TargetMarket Perform$5.00 ➝ $6.00
i
7/28/2020TD SecuritiesBoost Price TargetHold$3.75 ➝ $4.50
i
7/13/2020ScotiabankReiterated RatingHold$4.50
i
Rating by Jason Bouvier at Scotiabank
6/23/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$5.00
i
5/6/2020Royal Bank of CanadaBoost Price TargetSector Perform$3.00 ➝ $4.00
i
Rating by Gregory Pardy at Royal Bank of Canada
5/5/2020BMO Capital MarketsBoost Price TargetIn-Line ➝ Market Perform$3.00 ➝ $3.50
i
4/22/2020Royal Bank of CanadaReiterated RatingHold$3.00
i
Rating by Gregory Pardy at Royal Bank of Canada
4/16/2020Tudor PickeringReiterated RatingHold$3.00
i
4/16/2020Royal Bank of CanadaReiterated RatingHold$3.00
i
Rating by Gregory Pardy at Royal Bank of Canada
3/26/2020Raymond JamesReiterated RatingHold$2.50
i
3/25/2020Tudor PickeringDowngradeBuy ➝ Hold
i
3/25/2020Credit Suisse GroupLower Price TargetNeutral$8.00 ➝ $3.00
i
3/16/2020Royal Bank of CanadaReiterated RatingHold$3.00
i
Rating by Gregory Pardy at Royal Bank of Canada
3/12/2020Raymond JamesReiterated RatingHold$3.50
i
2/6/2020TD SecuritiesDowngradeBuy ➝ Hold
i
1/7/2020Tudor PickeringUpgradeHold ➝ Buy
i
12/16/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$6.50
i
12/9/2019JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral
i
10/31/2019CIBCReiterated RatingHold$7.00
i
10/22/2019Morgan StanleyDowngradeOverweight ➝ Underweight
i
7/15/2019Credit Suisse GroupInitiated CoverageNeutral
i
6/7/2019Tudor PickeringDowngradeBuy ➝ Hold
i
4/8/2019National Bank FinancialUpgradeSector Perform ➝ Outperform
i
Rating by Brian Milne at National Bank Financial
1/29/2019Morgan StanleyUpgradeEqual Weight ➝ Buy
i
Rating by Benny Wong at Morgan Stanley
1/24/2019Tudor PickeringUpgradeHold ➝ Buy
i
1/18/2019National Bank FinancialReiterated RatingHold
i
Rating by Brian Milne at National Bank Financial
1/17/2019Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
i
1/7/2019Royal Bank of CanadaReiterated RatingOutperform ➝ Sector Perform
i
12/13/2018Raymond JamesReiterated RatingHold
i
11/28/2018MacquarieDowngradeOutperform ➝ Neutral
i
10/22/2018ScotiabankReiterated RatingHold
i
10/12/2018Morgan StanleyDowngradeOverweight ➝ Hold$11.00
i
Rating by Benny Wong at Morgan Stanley
10/10/2018National Bank FinancialDowngradeOutperform ➝ Sector Perform
i
10/5/2018CIBCInitiated CoverageNeutral ➝ Neutral
i
9/11/2018JPMorgan Chase & Co.Initiated CoverageUnderweight
i
6/21/2018The Goldman Sachs GroupInitiated CoverageNeutral
i
5/23/2018Morgan StanleyUpgradeEqual Weight ➝ Buy
i
4/16/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$7.00 ➝ $6.00
i
3/7/2018UBS GroupInitiated CoverageNeutral ➝ Neutral
i
2/10/2017Raymond JamesUpgradeMarket Perform ➝ Outperform
i
9/30/2016Royal Bank of CanadaReiterated RatingOutperform$11.00
i
8/1/2016TD SecuritiesReiterated RatingBuy$10.00 ➝ $9.50
i
6/8/2016Royal Bank of CanadaReiterated RatingOutperform$11.00
i
Rating by Gregory Pardy at Royal Bank of Canada
4/26/2016CIBCReiterated RatingSector Perform$9.50
i
4/23/2016Royal Bank of CanadaReiterated RatingOutperform$11.00
i
3/15/2016BarclaysReiterated RatingEqual Weight$5.00 ➝ $6.00
i
(Data available from 3/4/2016 forward)
MEG Energy logo
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 750 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 Access Western Blend to refiners throughout 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.
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Today's Range

Now: $5.41
$4.96
$5.41

50 Day Range

MA: $4.27
$3.30
$5.60

52 Week Range

Now: $5.41
$0.82
$5.75

Volume

43,637 shs

Average Volume

85,859 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, Credit Suisse Group AG, Morgan Stanley, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, The Goldman Sachs Group, Inc., and Tudor Pickering.
View the latest analyst ratings for MEGEF.

What is the current price target for MEG Energy?

10 Wall Street analysts have set twelve-month price targets for MEG Energy in the last year. Their average twelve-month price target is $4.53, suggesting a possible downside of 16.3%. Raymond James has the highest price target set, predicting MEGEF will reach $6.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $3.00 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 8 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MEGEF, but not buy more shares or sell existing shares.
View the latest ratings for MEGEF.

What other companies compete with MEG Energy?

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

The company's listed phone number is 403-770-0446. The official website for MEG Energy is www.megenergy.com.