MEG Energy (TSE:MEG) PT Lowered to C$13.00

MEG Energy (TSE:MEG) had its target price trimmed by Tudor Pickering to C$13.00 in a research report released on Tuesday, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also weighed in on MEG. ATB Capital reaffirmed a sector perform rating and set a C$14.75 price objective on shares of MEG Energy in a report on Wednesday, October 27th. Scotiabank boosted their target price on MEG Energy from C$13.00 to C$14.00 in a research report on Friday, November 19th. Raymond James set a C$16.00 target price on MEG Energy and gave the stock an outperform rating in a research report on Tuesday. Tudor Pickering & Holt boosted their target price on MEG Energy from C$12.50 to C$13.00 and gave the stock a hold rating in a research report on Tuesday. Finally, CIBC boosted their target price on MEG Energy from C$14.00 to C$17.00 and gave the stock a na rating in a research report on Friday, October 15th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of C$12.43.

Shares of MEG stock opened at C$10.59 on Tuesday. The business’s fifty day moving average price is C$10.67 and its 200 day moving average price is C$9.06. MEG Energy has a 1-year low of C$3.65 and a 1-year high of C$12.07. The firm has a market capitalization of C$3.25 billion and a PE ratio of 26.68. The company has a debt-to-equity ratio of 83.85, a current ratio of 1.34 and a quick ratio of 1.05.

MEG Energy Company Profile

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.

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Analyst Recommendations for MEG Energy (TSE:MEG)