OTCMKTS:MEGEF - MEG Energy Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $20.72
  • Forecasted Upside: 71.40 %
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$12.09
▼ -0.61 (-4.80%)

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 $20.72
▲ +71.40% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for MEG Energy in the last 3 months. The average price target is $20.72, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 71.40% upside from the last price of $12.09.

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 Hold

The current consensus among 7 investment analysts is to hold stock in MEG Energy. This rating has held steady since February 2022, when it changed from a Buy 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
  • 5 buy ratings
  • 6 hold ratings
  • 0 sell ratings
1/12/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 0 sell ratings
4/12/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 5 hold ratings
  • 0 sell ratings
7/11/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 0 sell ratings
10/9/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
1/7/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
4/7/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/6/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
7/6/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/30/2022National Bank FinancialLower Price TargetC$32.00 ➝ C$31.00
6/8/2022ScotiabankDowngradeOutperform ➝ Sector Perform
5/4/2022Royal Bank of CanadaBoost Price TargetC$21.00 ➝ C$22.00
5/3/2022BMO Capital MarketsBoost Price TargetC$22.00 ➝ C$25.00
5/3/2022TD SecuritiesBoost Price TargetC$21.00 ➝ C$23.00
4/18/2022ScotiabankBoost Price TargetC$22.00 ➝ C$23.00
4/14/2022CIBCBoost Price TargetC$20.00 ➝ C$23.00
4/14/2022National Bank FinancialBoost Price TargetC$24.00 ➝ C$32.00
3/24/2022TD SecuritiesDowngradeBuy ➝ Hold
3/7/2022National Bank FinancialUpgradeSector Perform ➝ Outperform
2/4/2022National Bank FinancialBoost Price TargetC$18.50 ➝ C$25.00
1/25/2022Royal Bank of CanadaBoost Price TargetC$15.00 ➝ C$18.00
1/13/2022ScotiabankBoost Price TargetC$14.00 ➝ C$16.00
12/1/2021DesjardinsBoost Price TargetBuyC$12.00 ➝ C$13.00
12/1/2021Tudor PickeringReiterated RatingNeutral ➝ HoldC$13.00
11/19/2021ScotiabankBoost Price TargetOutperformC$13.00 ➝ C$14.00
11/9/2021National Bank FinancialBoost Price TargetSector PerformC$14.00 ➝ C$15.00
11/9/2021TD SecuritiesBoost Price TargetBuyC$13.00 ➝ C$13.50
10/15/2021CIBCBoost Price TargetNeutralC$14.00 ➝ C$17.00
10/14/2021ScotiabankUpgradeSector Perform ➝ Outperform
9/29/2021National Bank FinancialLower Price TargetSector PerformC$14.50 ➝ C$14.00
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
(Data available from 7/7/2017 forward)

News Sentiment Rating

1.11 (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
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/9/2021
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/8/2022
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/7/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
3/9/2022
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/8/2022
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/8/2022
  • 1 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
6/7/2022
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/7/2022

Current Sentiment

  • 3 very positive mentions
  • 2 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.
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 owns a 100% interest in approximately 410 square miles of mineral leases. It also develops 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. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
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Today's Range

Now: $12.09
Low: $11.36
High: $12.80

50 Day Range

MA: $15.87
Low: $12.09
High: $19.35

52 Week Range

Now: $12.09
Low: $5.23
High: $19.90

Volume

390,196 shs

Average Volume

172,362 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, Desjardins, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, and Tudor Pickering.
View the latest analyst ratings for MEGEF.

What is the current price target for MEG Energy?

0 Wall Street analysts have set twelve-month price targets for MEG Energy in the last year. Their average twelve-month price target is $20.72, suggesting a possible upside of 71.4%.
View the latest price targets for MEGEF.

What is the current consensus analyst rating for MEG Energy?

MEG Energy currently has 4 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.

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.