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OTCMKTS:MEGEF - MEG Energy Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $8.89
  • Forecasted Upside: 29.35 %
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$6.87 As of 07/23/2021 01:00 AM ET
▲ +0.47 (7.34%)

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 $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.

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 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.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
1/30/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/29/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
7/28/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
10/26/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
1/24/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
7/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
7/23/2021Raymond JamesBoost Price TargetOutperformC$12.00 ➝ C$13.50
7/23/2021DesjardinsUpgradeHold ➝ Buy
7/20/2021Raymond JamesInitiated CoverageBuy$12.00
7/19/2021National Bank FinancialBoost Price TargetSector PerformC$13.50 ➝ C$15.00
7/15/2021ScotiabankBoost Price TargetSector PerformC$9.50 ➝ C$10.00
7/14/2021CIBCBoost Price TargetNeutralC$10.00 ➝ C$14.00
5/4/2021TD SecuritiesBoost Price TargetBuy$9.50 ➝ $10.00
4/15/2021ScotiabankBoost Price TargetSector Perform$6.00 ➝ $8.00
3/24/2021TD SecuritiesUpgradeHold ➝ Buy$7.00 ➝ $9.50
3/10/2021CIBCBoost Price TargetNeutral$6.00 ➝ $10.00
3/5/2021Royal Bank of CanadaBoost Price TargetOutperform$8.50 ➝ $9.00
3/5/2021DesjardinsBoost Price TargetHold$4.00 ➝ $7.00
3/4/2021Raymond JamesBoost Price TargetOutperform$7.50 ➝ $8.50
3/4/2021BMO Capital MarketsBoost Price TargetOutperform$6.50 ➝ $8.00
3/4/2021TD SecuritiesBoost Price TargetHold$5.50 ➝ $7.00
2/22/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
2/9/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral
1/14/2021ScotiabankBoost Price TargetSector Perform$4.50 ➝ $6.00
1/11/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
1/6/2021National Bank FinancialReiterated RatingSector Perform
12/16/2020CIBCBoost Price TargetNeutral$3.50 ➝ $6.00
12/11/2020Morgan StanleyUpgradeUnderweight ➝ Overweight
12/9/2020National Bank FinancialDowngradeOutperform ➝ Sector Perform
12/8/2020TD SecuritiesBoost Price TargetHold$3.00 ➝ $4.50
11/12/2020CIBCBoost Price TargetNeutral$3.25 ➝ $3.50
10/28/2020TD SecuritiesLower Price TargetHold$3.25 ➝ $3.00
10/26/2020CIBCInitiated CoverageNeutral
10/20/2020Morgan StanleyLower Price 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 Price TargetMarket Perform$4.00 ➝ $4.50
7/28/2020Raymond JamesBoost Price TargetMarket Perform$5.00 ➝ $6.00
7/28/2020TD SecuritiesBoost Price 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 Price TargetSector Perform$3.00 ➝ $4.00
5/5/2020BMO Capital MarketsBoost Price 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 Price 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
11/28/2018MacquarieDowngradeOutperform ➝ Neutral
10/22/2018ScotiabankReiterated RatingHold
10/12/2018Morgan StanleyDowngradeOverweight ➝ Hold$11.00
10/10/2018National Bank FinancialDowngradeOutperform ➝ Sector Perform
10/5/2018CIBCInitiated CoverageNeutral ➝ Neutral
9/11/2018JPMorgan Chase & Co.Initiated CoverageUnderweight
6/21/2018The Goldman Sachs GroupInitiated CoverageNeutral
5/23/2018Morgan StanleyUpgradeEqual Weight ➝ Buy
4/16/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$7.00 ➝ $6.00
3/7/2018UBS GroupInitiated CoverageNeutral ➝ Neutral
2/10/2017Raymond JamesUpgradeMarket Perform ➝ Outperform
9/30/2016Royal Bank of CanadaReiterated RatingOutperform$11.00
8/1/2016TD SecuritiesReiterated RatingBuy$10.00 ➝ $9.50
(Data available from 7/23/2016 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 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.
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Today's Range

Now: $6.87
Low: $6.42
High: $6.87

50 Day Range

MA: $6.88
Low: $5.93
High: $7.56

52 Week Range

Now: $6.87
Low: $1.61
High: $7.91

Volume

114,848 shs

Average Volume

85,600 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, Desjardins, Morgan Stanley, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, and The Goldman Sachs Group, Inc..
View the latest analyst ratings for MEGEF.

What is the current price target for MEG Energy?

11 Wall Street analysts have set twelve-month price targets for MEG Energy in the last year. Their average twelve-month price target is $8.75, suggesting a possible upside of 36.7%. National Bank Financial has the highest price target set, predicting MEGEF will reach $15.00 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 6 hold ratings and 5 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?

Other companies that are similar to MEG Energy include (GPX.L), (SHP), 1849520 (AWE.AX), 3D Oil, 88 Energy, 88 Energy, Advantagewon Oil, ADX Energy, Afentra, Africa Energy, Aker BP ASA, Altura Energy, Amazing Energy Oil and Gas, Ansila Energy and Argo Exploration.

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.