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MEG Energy Corp.TSX:MEG Stock Report

Market Cap CA$6.6b
Share Price
CA$30.89
n/a
1Y17.1%
7D3.2%
Portfolio Value
​
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MEG Energy Corp.

TSX:MEG Stock Report

Market Cap: CA$6.6b

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

MEG Energy (MEG) Stock Overview

An energy company, focuses on in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. More details

MEG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 58% below our estimate of its fair value

Revenue is forecast to grow 8.87% per year

Earnings grew by 7.7% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 2.1% per year for the next 3 years


MEG Community Fair Values

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See what 33 others think this stock is worth. Follow their fair value or set your own to get alerts.

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MEG Energy

MEG: Deal Uncertainties And Indigenous Bid Will Shape Upcoming Transaction Outcome

Key Takeaways Operational efficiency gains and technological improvements are expected to boost margins, lower emissions, and strengthen MEG's ESG standing and market appeal. Expansion projects and disciplined capital allocation support higher production, stable revenue, and increasing shareholder returns through buybacks and dividends.
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CA$30
FV
2.2% overvalued intrinsic discount
10.96%
Revenue growth p.a.
143
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MEG Energy Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for MEG Energy
Historical stock prices
Current Share PriceCA$30.67
52 Week HighCA$31.09
52 Week LowCA$17.00
Beta1.02
1 Month Change2.95%
3 Month Change14.31%
1 Year Change17.06%
3 Year Change59.99%
5 Year Change829.39%
Change since IPO-12.40%

Recent News & Updates

Recent updates

Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)

May 07
Sentiment Still Eluding MEG Energy Corp. (TSE:MEG)

There's Been No Shortage Of Growth Recently For MEG Energy's (TSE:MEG) Returns On Capital

Feb 20
There's Been No Shortage Of Growth Recently For MEG Energy's (TSE:MEG) Returns On Capital

Calculating The Intrinsic Value Of MEG Energy Corp. (TSE:MEG)

Feb 05
Calculating The Intrinsic Value Of MEG Energy Corp. (TSE:MEG)

Is MEG Energy (TSE:MEG) Using Too Much Debt?

Jan 22
Is MEG Energy (TSE:MEG) Using Too Much Debt?

Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)

Jan 08
Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)
User avatar

Trans Mountain Expansion And Carbon Capture Drive Growth And Boost Shareholder Value

Improved market access and pricing for Canadian heavy oil reduces earnings volatility and supports revenue growth through TMX startup.

Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?

Oct 15
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?

Is MEG Energy (TSE:MEG) Using Too Much Debt?

Oct 03
Is MEG Energy (TSE:MEG) Using Too Much Debt?

MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

Sep 19
MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)

Aug 10
Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)

MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

Jun 18
MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Jun 04
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

May 08
The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?

May 05
Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?

MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks

Apr 21
MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks

The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

Mar 05
The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts

MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

Mar 02
MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher

Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Feb 13
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares

Jan 07
MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares

MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate

Dec 20
MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate

MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price

Dec 01
MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price

We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt

Sep 28
We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt

MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price

Sep 10
MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price

Returns Are Gaining Momentum At MEG Energy (TSE:MEG)

Aug 23
Returns Are Gaining Momentum At MEG Energy (TSE:MEG)

Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Jun 18
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?

Jun 02
Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?

MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

May 13
MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue

Shareholder Returns

MEGCA Oil and GasCA Market
7D3.2%1.1%1.5%
1Y17.1%11.9%30.7%

Return vs Industry: MEG exceeded the Canadian Oil and Gas industry which returned 14.3% over the past year.

Return vs Market: MEG underperformed the Canadian Market which returned 21.3% over the past year.

Price Volatility

Is MEG's price volatile compared to industry and market?
MEG volatility
MEG Average Weekly Movement2.9%
Oil and Gas Industry Average Movement7.6%
Market Average Movement10.2%
10% most volatile stocks in CA Market20.1%
10% least volatile stocks in CA Market3.3%

Stable Share Price: MEG has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MEG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999474Darlene Gateswww.megenergy.com

MEG Energy Corp., an energy company, focuses on 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. It also transports and sells thermal oil in North America and internationally.

MEG Energy Corp. Fundamentals Summary

How do MEG Energy's earnings and revenue compare to its market cap?
MEG fundamental statistics
Market capCA$6.62b
Earnings (TTM)CA$543.00m
Revenue (TTM)CA$4.25b
12.1x
P/E Ratio
1.5x
P/S Ratio

Is MEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEG income statement (TTM)
RevenueCA$4.25b
Cost of RevenueCA$1.90b
Gross ProfitCA$2.35b
Other ExpensesCA$1.80b
EarningsCA$543.00m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)2.53
Gross Margin55.26%
Net Profit Margin12.79%
Debt/Equity Ratio17.4%

How did MEG perform over the long term?

See historical performance and comparison

Dividends

1.4%
Current Dividend Yield
19%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/13 13:00
End of Day Share Price 2025/11/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MEG Energy Corp. is covered by 24 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas DriscollBarclays
Peter OgdenBofA Global Research
Philip SkolnickCanaccord Genuity