FY2025 EPS Estimates for MEG Energy Reduced by Raymond James

MEG Energy Corp. (TSE:MEG) – Stock analysts at Raymond James decreased their FY2025 earnings per share (EPS) estimates for MEG Energy in a note issued to investors on Wednesday, May 7th. Raymond James analyst M. Barth now forecasts that the company will post earnings per share of $1.77 for the year, down from their previous forecast of $2.68. The consensus estimate for MEG Energy’s current full-year earnings is $2.27 per share. Raymond James also issued estimates for MEG Energy’s FY2026 earnings at $1.39 EPS, FY2027 earnings at $1.73 EPS and FY2028 earnings at $2.74 EPS.

MEG has been the topic of several other reports. Scotiabank raised MEG Energy to a “strong-buy” rating in a research report on Wednesday, March 19th. TD Securities dropped their target price on MEG Energy from C$33.00 to C$32.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Royal Bank of Canada dropped their target price on MEG Energy from C$33.00 to C$31.00 in a research report on Tuesday, January 14th. CIBC dropped their target price on MEG Energy from C$32.00 to C$28.00 in a research report on Thursday, April 10th. Finally, National Bankshares raised their price target on MEG Energy from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$30.35.

MEG Energy Price Performance

Shares of TSE MEG opened at C$22.01 on Monday. MEG Energy has a 1-year low of C$17.00 and a 1-year high of C$31.18. The company has a debt-to-equity ratio of 22.80, a current ratio of 1.55 and a quick ratio of 1.17. The business’s fifty day moving average price is C$21.85 and its two-hundred day moving average price is C$23.30. The firm has a market capitalization of C$5.71 billion, a PE ratio of 11.66, a P/E/G ratio of 0.17 and a beta of 2.89.

MEG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.40 annualized dividend and a yield of 1.82%. MEG Energy’s dividend payout ratio is currently 21.19%.

Insider Activity at MEG Energy

In related news, Director Darlene Miriam Gates sold 91,584 shares of the stock in a transaction on Saturday, March 15th. The stock was sold at an average price of C$24.19, for a total value of C$2,215,416.96. Also, Senior Officer Erik Alexander Alson sold 32,728 shares of the stock in a transaction on Saturday, March 15th. The shares were sold at an average price of C$24.19, for a total value of C$791,690.32. Company insiders own 0.33% of the company’s stock.

MEG Energy Company Profile

MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.