Analysis: Meg Energy Corp (TSE:MEG) Target Change Today
In a comprehensive report revealed to investors by National Bank Financial on 3 December, the firm, Meg Energy Corp (TSE:MEG), had their PT lowered to $13.00. Analusts presently have a solid “Sector Perform” rating on the stock.
From a total of 14 analysts covering Meg Energy Corp. (TSE:MEG) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $14.96 while the lowest target price is $8.23. The mean of all analyst targets is $11.88 with a 74.91% above today’s ($10.72) stock price. Meg Energy Corp. was the topic of 9 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc.
Approximately 720,266 shares of stock traded hands. MEG Energy Corp (TSE:MEG) has declined 56.12% since April 30, 2015 and is downtrending. It has underperformed by 55.84% the S&P500.
MEG Energy Corp. is an oil sands company. The company has a market cap of $2.41 billion. The Firm is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. It currently has negative earnings. MEG is developing enhanced oil recovery projects that utilize steam‐assisted gravity drainage (SAGD) extraction methods.
According to Zacks Investment Research, “Media General, Inc. operates as a television broadcasting and digital media company. The Company offers consumers and advertisers with entertainment and information, content and distribution on every screen. It has the diverse digital media business with a portfolio that includes LIN Digital, LIN Mobile, HYFN, Dedicated Media, Federated Media and BiteSizeTV. The company’s broadcast operations include network-affiliated television stations and their associated digital and mobile media services. Media General, Inc. is headquartered in Richmond, Virginia.” Get a free copy of the Zacks research report on MEG Energy Corp (MEG).