MEG Energy (MEG) Given a C$8.00 Price Target at Eight Capital

Eight Capital set a C$8.00 price target on MEG Energy (TSE:MEG) in a research report released on Thursday morning. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. National Bank Financial increased their price target on MEG Energy from C$4.75 to C$5.25 and gave the company a sector perform rating in a research note on Friday, October 27th. CIBC increased their price target on MEG Energy from C$4.50 to C$5.25 in a research note on Tuesday, October 17th. Barclays increased their price target on MEG Energy from C$5.00 to C$6.00 in a research note on Friday, October 27th. GMP Securities increased their price target on MEG Energy from C$5.50 to C$7.00 and gave the company a buy rating in a research note on Monday, December 4th. Finally, Scotiabank cut MEG Energy from an outperform rating to a sector perform rating and set a C$6.00 price target on the stock. in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. MEG Energy presently has an average rating of Buy and a consensus price target of C$7.15.

MEG Energy (TSE MEG) traded up C$0.28 on Thursday, reaching C$5.80. The company had a trading volume of 2,261,603 shares, compared to its average volume of 1,677,071. MEG Energy has a twelve month low of C$3.28 and a twelve month high of C$7.91. The company has a market cap of $1,710.00, a PE ratio of -8.29 and a beta of 2.53.

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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.

Analyst Recommendations for MEG Energy (TSE:MEG)

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