MEG Energy Corp. (MEG) Receives C$6.85 Average Target Price from Analysts
MEG Energy Corp. (TSE:MEG) has received an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.85.
MEG has been the topic of several recent research reports. CIBC upped their price objective on MEG Energy Corp. from C$4.50 to C$5.25 in a research report on Tuesday, October 17th. National Bank Financial upped their price objective on MEG Energy Corp. from C$4.75 to C$5.25 and gave the stock a “sector perform” rating in a research report on Friday, October 27th. Barclays PLC upped their price objective on MEG Energy Corp. from C$5.00 to C$6.00 in a research report on Friday, October 27th. TD Securities upped their price objective on MEG Energy Corp. from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Scotiabank lowered MEG Energy Corp. from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a research report on Wednesday.
MEG Energy Corp. (TSE MEG) traded up C$0.08 during trading on Thursday, reaching C$5.50. The company’s stock had a trading volume of 952,700 shares, compared to its average volume of 1,488,924. MEG Energy Corp. has a 1-year low of C$3.28 and a 1-year high of C$9.83.
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MEG Energy Corp. Company Profile
MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods.
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