MEG Energy (MEG) Price Target Raised to C$9.00
A number of other research analysts have also recently commented on the stock. GMP Securities increased their target price on shares of MEG Energy from C$7.00 to C$8.00 in a report on Monday. Raymond James Financial raised shares of MEG Energy from an underperform rating to a market perform rating and increased their target price for the stock from C$5.00 to C$6.50 in a report on Friday. Barclays increased their target price on shares of MEG Energy from C$7.00 to C$8.00 in a report on Friday. Royal Bank of Canada increased their target price on shares of MEG Energy from C$8.00 to C$9.00 in a report on Friday. Finally, National Bank Financial increased their target price on shares of MEG Energy from C$5.25 to C$6.25 and gave the stock a sector perform rating in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of C$7.11.
Shares of MEG Energy (MEG) opened at C$5.51 on Monday. The firm has a market cap of $1,620.00, a PE ratio of -7.87 and a beta of 2.48. MEG Energy has a 52-week low of C$3.28 and a 52-week high of C$7.44.
MEG Energy 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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