A Wall Street analyst has provided a rating update for the Utilities sector company today, while remaining neutral on the stock. Analyst Brian Milne from National Bank remains neutral on MEG Energy (MEG) and has a C$6.50 price target.
MEG Energy has an analyst consensus of Hold, with a price target consensus of C$9.07, implying a 71.5% upside from current levels. In a report released today, GMP FirstEnergy also upgraded the stock to Hold with a C$6 price target.
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The company has a one-year high of C$11.70 and a one-year low of C$4.28. Currently, MEG Energy has an average volume of 2.23M.
MEG Energy Corp. engages in the development and production of situ oil sands. It focuses in southern Athabasca oil sands region of Alberta. It also develops enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods, which consists of Christina Lake Project and the Surmont Project.
The company’s shares closed on Friday at C$5.29, close to its 52-week low of C$4.28.
