MEG Energy Corp.

MEG Energy Corp.verified

MEGEF

Price:

$18.45

Market Cap:

$6.75B

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

The PE Ratio as of September 2024 (TTM) for MEG Energy Corp. (MEGEF) is 11.83

According to MEG Energy Corp.’s latest financial reports and current stock price. The company's current PE Ratio is 11.83. This represents a change of -21.10% compared to the average of 14.99 of the last 4 quarters.

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

How has MEGEF PE Ratio performed in the past?

The mean historical PE Ratio of MEG Energy Corp. over the last ten years is -6.56. The current 11.83 PE Ratio has changed -18137.37% with respect to the historical average. Over the past ten years (40 quarters), MEGEF's PE Ratio was at its highest in in the March 2017 quarter at 289.13. The PE Ratio was at its lowest in in the March 2021 quarter at -29.20.

Quarterly (TTM)
Annual

Average

-6.56

Median

-2.61

Minimum

-41.28

Maximum

12.63

MEG Energy Corp. (MEGEF) 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 = 234.86%

Maximum Annual PE Ratio = 12.63

Minimum Annual Increase = -436.02%

Minimum Annual PE Ratio = -41.28

Quarterly (TTM)
Annual
YearPE RatioChange
202311.8886.92%
20226.36-49.66%
202112.63-436.02%
2020-3.76-89.43%
2019-35.5488.87%
2018-18.82-302.99%
20179.27-290.36%
2016-4.87234.86%
2015-1.45-96.48%
2014-41.281.29%

MEG Energy Corp. (MEGEF) Average PE Ratio

How has MEGEF PE Ratio performed in the past?

The current PE Ratio of MEG Energy Corp. (MEGEF) 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

-1.69

10-year avg

-6.56

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

How is MEGEF’s PE Ratio compared to its peers?

MEG Energy Corp.’s PE Ratio is less than Gear Energy Ltd. (12.15), less than Cardinal Energy Ltd. (0), greater than Whitecap Resources Inc. (8.70), greater than Spartan Delta Corp. (8.19), greater than Yangarra Resources Ltd. (4.70), greater than Kelt Exploration Ltd. (2.42), less than Athabasca Oil Corporation (18.30), less than Surge Energy Inc. (35.76), greater than PrairieSky Royalty Ltd. (-7.60), less than Tourmaline Oil Corp. (28.87), less than null (14.06),

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