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.
Current Consensus is
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.
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.