FY2025 EPS Estimates for MEG Energy Increased by Analyst

MEG Energy Corp. (TSE:MEG) – Raymond James increased their FY2025 EPS estimates for MEG Energy in a research note issued on Wednesday, November 6th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $2.50 for the year, up from their prior estimate of $2.47. The consensus estimate for MEG Energy’s current full-year earnings is $2.27 per share. Raymond James also issued estimates for MEG Energy’s FY2027 earnings at $2.31 EPS and FY2028 earnings at $2.33 EPS.

Several other research firms also recently weighed in on MEG. Scotiabank raised MEG Energy from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Wednesday, September 25th. BMO Capital Markets cut their price objective on shares of MEG Energy from C$37.00 to C$34.00 in a research report on Friday, October 4th. TD Securities raised their target price on shares of MEG Energy from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of MEG Energy from C$35.00 to C$34.00 in a report on Thursday, November 7th. Finally, National Bankshares decreased their price objective on shares of MEG Energy from C$35.00 to C$31.00 in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$32.55.

MEG Energy Trading Down 1.2 %

Shares of TSE MEG opened at C$25.52 on Monday. The stock has a market capitalization of C$6.88 billion, a P/E ratio of 12.30, a PEG ratio of 0.17 and a beta of 2.89. MEG Energy has a 1-year low of C$22.79 and a 1-year high of C$33.70. The business’s 50 day moving average is C$25.91 and its two-hundred day moving average is C$27.82. The company has a debt-to-equity ratio of 26.35, a current ratio of 1.54 and a quick ratio of 1.17.

MEG Energy (TSE:MEG) last announced its earnings results on Tuesday, November 5th. The company reported C$0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.01). The business had revenue of C$1.27 billion for the quarter, compared to analysts’ expectations of C$1.33 billion. MEG Energy had a net margin of 10.43% and a return on equity of 12.99%.

MEG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, December 16th. MEG Energy’s dividend payout ratio is 19.05%.

Insider Transactions at MEG Energy

In other news, Director Michael Mcallister acquired 7,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of C$25.67 per share, for a total transaction of C$189,986.86. In other MEG Energy news, Director Michael Mcallister acquired 7,400 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of C$25.67 per share, for a total transaction of C$189,986.86. Also, Director James D. Mcfarland acquired 5,000 shares of MEG Energy stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of C$26.94 per share, with a total value of C$134,700.00. Corporate insiders own 0.33% of the company’s stock.

About MEG Energy

MEG Energy Corp., an energy company, focuses on sustainable 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, as well as lower carbon emissions.