MEG Energy Corp.
MEGEF
Price:
$16.1
Market Cap:
$6.09B
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
2011-04-06
Stock Exchange
PNK
Ticker
MEGEF
PE Ratio
[12.20]
ROE
[11.06%]
Current Ratio
[1.55]
Dividend Yield
[0.86%]
Enterprise Value
[6.99B]
Dividend History
The Current Ratio as of December 2024 (TTM) for MEG Energy Corp. (MEGEF) is 1.55
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 3.58% compared to the average of 1.50 of the last 4 quarters.
MEG Energy Corp. (MEGEF) Historical Current Ratio (quarterly & annually)
How has MEGEF Current Ratio performed in the past?
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 9.88% with respect to the historical average. Over the past ten years (40 quarters), MEGEF's Current Ratio was at its highest in in the March 2017 quarter at 2.65. 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
MEG Energy Corp. (MEGEF) Current Ratio by Quarter and Year
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% |
MEG Energy Corp. (MEGEF) Average Current Ratio
How has MEGEF Current Ratio performed in the past?
The current Current Ratio of MEG Energy Corp. (MEGEF) 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. (MEGEF) Current Ratio vs. Peers
How is MEGEF’s Current Ratio compared to its peers?
MEG Energy Corp.’s Current Ratio is greater than Gear Energy Ltd. (1.20), less than Cardinal Energy Ltd. (0), greater than Whitecap Resources Inc. (0.50), greater than Spartan Delta Corp. (0.88), greater than Yangarra Resources Ltd. (0.80), less than Kelt Exploration Ltd. (1.67), greater than Athabasca Oil Corporation (0.50), less than Surge Energy Inc. (2.54), greater than PrairieSky Royalty Ltd. (0.66), greater than Tourmaline Oil Corp. (0.29), greater than null (1.01),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.20 | $88.57M | |
| 0 | $701.41M | |
| 0.50 | $4.07B | |
| 0.88 | $387.15M | |
| 0.80 | $68.13M | |
| 1.67 | $903.05M | |
| 0.50 | $1.86B | |
| 2.54 | $384.19M | |
| 0.66 | $4.65B | |
| 0.29 | $16.52B | |
| 1.01 | $0 |
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