MEG Energy Corp trades with the ticker MEG on the TSX and is in the Oil & Gas E&P industry.
Overview
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. It also transports and sells thermal oil in North America and internationally. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada.
Looking to invest in MEG Energy Corp? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
Table of Contents
show
MEG.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $7866.411MM
PE Ratio: 14.601
Price: 41.33 (Updated: 3/12/2024 0:47:16)
MEG Energy Corp (MEG) vs Competitors in Oil & Gas E&P
Lets see how MEG.TO stacks up against others in the Oil & Gas E&P asset management industry. We have identified its main peers as:Advantage Oil & Gas Ltd, Africa Oil Corp, ARC Resources Ltd, Athabasca Oil Corporation, Birchcliff Energy Ltd
.Oil & Gas E&P Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Advantage Oil & Gas Ltd (AAV) | $1,577.226 | 16.729 | 5.77 | N/A% |
| Africa Oil Corp (AOI) | $959.473 | 8.708 | 6.836 | 3.2% |
| ARC Resources Ltd (ARX) | $13,990.234 | 8.981 | 4.539 | 2.9% |
| Athabasca Oil Corporation (ATH) | $2,937.06 | N/A | 26.708 | N/A% |
| Birchcliff Energy Ltd (BIR) | $1,471.439 | 17.25 | 4.987 | 7.2% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Oil & Gas E&P
- MEG Energy Corp (MEG) vs Advantage Oil & Gas Ltd (AAV)
- MEG has higher EPS (1.98 vs 0.59). AAV has a higher P/E ratio (16.729 vs 14.601) indicating it’s more expensive.
- MEG Energy Corp (MEG) vs Africa Oil Corp (AOI)
- MEG has higher EPS (1.98 vs 0.24). AOI provides dividends, while MEG does not. MEG has a higher P/E ratio (14.601 vs 8.708) indicating it’s more expensive.
- MEG Energy Corp (MEG) vs ARC Resources Ltd (ARX)
- ARX has higher EPS (2.61 vs 1.98). ARX provides dividends, while MEG does not. MEG has a higher P/E ratio (14.601 vs 8.981) indicating it’s more expensive.
- MEG Energy Corp (MEG) vs Athabasca Oil Corporation (ATH)
- MEG has higher EPS (1.98 vs -0.09). ATH has a P/E under 0, indicating MEG (P/E 14.601) is in a better position.
- MEG Energy Corp (MEG) vs Birchcliff Energy Ltd (BIR)
- MEG has higher EPS (1.98 vs 0.32). BIR provides dividends, while MEG does not. BIR has a higher P/E ratio (17.25 vs 14.601) indicating it’s more expensive.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Features a lower EV/EBITDA ratio (6.34) than the industry average (7.57), indicating attractive valuation.
How to Buy MEG stock on the TSX
You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |
