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MEG Energy Corp is currently in a long term uptrend where the price is trading 57.3% above its 200 day moving average.
From a valuation standpoint, the stock is 99.8% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.9.
MEG Energy Corp's total revenue sank by 21.5% to $788M since the same quarter in the previous year.
Its net income has dropped by 36.0% to $16M since the same quarter in the previous year.
Finally, its free cash flow fell by 50.3% to $76M since the same quarter in the previous year.
Based on the above factors, MEG Energy Corp gets an overall score of 2/5.
Exchange | TO |
---|---|
CurrencyCode | CAD |
ISIN | CA5527041084 |
Sector | Energy |
Industry | Oil & Gas E&P |
Market Cap | 5B |
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PE Ratio | 10.9 |
Target Price | 29.5714 |
Dividend Yield | 1.9% |
Beta | 2.23 |
MEG Energy Corp., an energy company, focuses on in situ thermal oil production in its Christina Lake Project 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. It also transports and sells thermal oil in North America and internationally. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
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