MEG Energy Corp. (MEG) To Go Ex-Dividend on March 20th

MEG Energy Corp. (TSE:MEG) announced a quarterly dividend on Thursday, March 20th, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.10 per share on Tuesday, April 15th. This represents a $0.40 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 20th.

MEG Energy Trading Up 1.7 %

TSE:MEG opened at C$24.59 on Tuesday. The company has a market cap of C$6.37 billion, a PE ratio of 13.03, a P/E/G ratio of 0.17 and a beta of 2.89. The business’s 50 day moving average is C$23.40 and its two-hundred day moving average is C$24.59. The company has a quick ratio of 1.17, a current ratio of 1.55 and a debt-to-equity ratio of 22.80. MEG Energy has a 52 week low of C$19.77 and a 52 week high of C$33.70.

Analyst Upgrades and Downgrades

MEG has been the topic of a number of recent research reports. 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. Desjardins raised shares of MEG Energy from a “hold” rating to a “moderate buy” rating in a report on Tuesday, January 28th. TD Securities reduced their target price on shares of MEG Energy from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Friday, February 28th. ATB Capital dropped their price target on shares of MEG Energy from C$37.00 to C$35.00 in a research note on Wednesday, November 27th. Finally, National Bankshares boosted their price objective on MEG Energy from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$31.40.

Insider Buying and Selling at MEG Energy

In other news, Director Robert Ross Rooney bought 8,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of C$23.06 per share, with a total value of C$195,993.00. Insiders own 0.33% of the company’s stock.

MEG Energy Company Profile

MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.