MEG.TO
Price:
$24.27
Market Cap:
$6.53B
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
According to MEG Energy Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.55. This represents a change of -0.68% compared to the average of 1.56 of the last 4 quarters.
The mean historical Current Ratio of MEG Energy Corp. over the last ten years is 1.55. The current 1.55 Current Ratio has changed 9.86% with respect to the historical average. Over the past ten years (40 quarters), MEG.TO's Current Ratio was at its highest in in the September 2014 quarter at 2.79. The Current Ratio was at its lowest in in the March 2021 quarter at 1.01.
Average
1.55
Median
1.46
Minimum
1.12
Maximum
2.46
Discovering the peaks and valleys of MEG Energy Corp. Current 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 = 26.09%
Maximum Annual Current Ratio = 2.46
Minimum Annual Increase = -48.60%
Minimum Annual Current Ratio = 1.12
Year | Current Ratio | Change |
---|---|---|
2023 | 1.48 | 2.37% |
2022 | 1.44 | 23.45% |
2021 | 1.17 | 3.87% |
2020 | 1.12 | -7.87% |
2019 | 1.22 | -24.73% |
2018 | 1.62 | 1.61% |
2017 | 1.60 | 26.09% |
2016 | 1.27 | -48.60% |
2015 | 2.46 | 15.07% |
2014 | 2.14 | -35.66% |
The current Current Ratio of MEG Energy Corp. (MEG.TO) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
1.36
5-year avg
1.29
10-year avg
1.55
MEG Energy Corp.’s Current Ratio is greater than Baytex Energy Corp. (0.72), greater than Whitecap Resources Inc. (0.94), greater than Tamarack Valley Energy Ltd. (0.90), greater than ARC Resources Ltd. (0.88), greater than Enerplus Corporation (0.70),
Company | Current Ratio | Market cap |
---|---|---|
0.72 | $3.36B | |
0.94 | $5.77B | |
0.90 | $1.99B | |
0.88 | $13.34B | |
0.70 | $5.66B |
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