MEG Energy (TSE:MEG) had its price target raised by GMP Securities from C$7.00 to C$8.00 in a research note issued to investors on Monday.

Other analysts have also recently issued reports about the company. Barclays upped their target price on MEG Energy from C$5.00 to C$6.00 in a report on Friday, October 27th. CIBC upped their target price on MEG Energy from C$4.50 to C$5.25 in a report on Tuesday, October 17th. Royal Bank of Canada upped their target price on MEG Energy from C$8.00 to C$9.00 in a report on Friday, February 9th. Eight Capital set a C$8.00 target price on MEG Energy and gave the company a buy rating in a report on Thursday, January 11th. Finally, Raymond James Financial upgraded MEG Energy from an underperform rating to a market perform rating and upped their target price for the company from C$5.00 to C$6.50 in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MEG Energy presently has a consensus rating of Hold and a consensus target price of C$7.11.

Shares of MEG Energy (MEG) opened at C$5.35 on Monday. The stock has a market capitalization of $1,570.00, a price-to-earnings ratio of -7.64 and a beta of 2.48. MEG Energy has a twelve month low of C$3.28 and a twelve month high of C$7.44.

MEG Energy (TSE:MEG) last issued its earnings results on Thursday, February 8th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$755.00 million during the quarter. MEG Energy had a return on equity of 8.54% and a net margin of 15.37%.

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About MEG Energy

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.

Analyst Recommendations for MEG Energy (TSE:MEG)

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