MEG Energy Corp.

MEG Energy Corp.verified

MEG.TO

Price:

$27.91

Market Cap:

$7.54B

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2010-08-17

Stock Exchange

TSX

Ticker

MEG.TO

The PE Ratio as of July 2024 (TTM) for MEG Energy Corp. (MEG.TO) is 13.55

According to MEG Energy Corp.’s latest financial reports and current stock price. The company's current PE Ratio is 13.55. This represents a change of -9.58% compared to the average of 14.99 of the last 4 quarters.

MEG Energy Corp. (MEG.TO) Historical PE Ratio (quarterly & annually)

How has MEG.TO PE Ratio performed in the past?

The mean historical PE Ratio of MEG Energy Corp. over the last ten years is -6.62. The current 13.55 PE Ratio has changed -20561.56% with respect to the historical average. Over the past ten years (40 quarters), MEG.TO's PE Ratio was at its highest in in the March 2017 quarter at 290.91. The PE Ratio was at its lowest in in the March 2021 quarter at -29.05.

Quarterly (TTM)
Annual

Average

-6.62

Median

-2.65

Minimum

-41.37

Maximum

12.65

MEG Energy Corp. (MEG.TO) PE Ratio by Quarter and Year

Discovering the peaks and valleys of MEG Energy Corp. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 215.58%

Maximum Annual PE Ratio = 12.65

Minimum Annual Increase = -436.06%

Minimum Annual PE Ratio = -41.37

Quarterly (TTM)
Annual
YearPE RatioChange
202311.8686.62%
20226.35-49.78%
202112.65-436.06%
2020-3.76-89.44%
2019-35.6486.31%
2018-19.13-307.58%
20179.22-289.70%
2016-4.86215.58%
2015-1.54-96.28%
2014-41.371.39%

MEG Energy Corp. (MEG.TO) Average PE Ratio

How has MEG.TO PE Ratio performed in the past?

The current PE Ratio of MEG Energy Corp. (MEG.TO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

10.29

5-year avg

-1.71

10-year avg

-6.62

MEG Energy Corp. (MEG.TO) PE Ratio vs. Peers

How is MEG.TO’s PE Ratio compared to its peers?

MEG Energy Corp.’s PE Ratio is greater than Baytex Energy Corp. (-9.47), greater than Whitecap Resources Inc. (8.31), less than Tamarack Valley Energy Ltd. (37.76), greater than ARC Resources Ltd. (11.60), greater than Enerplus Corporation (10.24),

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