Analyst Price Target is C$21.45
▲ +20.35% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for MEG Energy in the last 3 months. The average price target is C$21.45, with a high forecast of C$0.00 and a low forecast of C$0.00. The average price target represents a 20.35% upside from the last price of C$17.82.
Current Consensus is
The current consensus among 13 polled investment analysts is to hold stock in MEG Energy. This Hold 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 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.