Meg Energy Corp Stock Price on March 5, 2024
| MEG Stock | CAD 25.20 0.20 0.80% |
Below is the normalized historical share price chart for MEG Energy Corp extending back to July 29, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MEG Energy stands at 25.20, as last reported on the 29th of November, with the highest price reaching 25.30 and the lowest price hitting 24.94 during the day.
If you're considering investing in MEG Stock, it is important to understand the factors that can impact its price. As of now, MEG Stock is not too volatile. MEG Energy Corp has Sharpe Ratio of 0.0051, which conveys that the firm had a 0.0051% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for MEG Energy, which you can use to evaluate the volatility of the firm. Please verify MEG Energy's risk adjusted performance of (0.02), and Mean Deviation of 1.76 to check out if the risk estimate we provide is consistent with the expected return of 0.0111%.
At this time, MEG Energy's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 29th of November 2024, Common Stock is likely to grow to about 5.6 B, while Common Stock Shares Outstanding is likely to drop about 256 M. . At this time, MEG Energy's Price To Operating Cash Flows Ratio is very stable compared to the past year. As of the 29th of November 2024, Price To Free Cash Flows Ratio is likely to grow to 7.89, while Price To Sales Ratio is likely to drop 1.14. MEG Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 28.1349 | 50 Day MA 26.0646 | Beta 2.87 |
MEG |
Sharpe Ratio = 0.0051
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MEG |
Estimated Market Risk
| 2.19 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MEG Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MEG Energy by adding MEG Energy to a well-diversified portfolio.
Price Book 1.425 | Enterprise Value Ebitda 5.2562 | Price Sales 1.2073 | Shares Float 261.9 M | Dividend Share 0.1 |
MEG Energy Valuation on March 5, 2024
It is possible to determine the worth of MEG Energy on a given historical date. On March 5, 2024 MEG was worth 28.34 at the beginning of the trading date compared to the closed value of 28.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MEG Energy stock. Still, in general, we apply an absolute valuation method to find MEG Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MEG Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MEG Energy's related companies.
| Open | High | Low | Close | Volume | |
| 29.14 | 29.30 | 28.44 | 28.57 | 2,679,900 | |
03/05/2024 | 28.34 | 28.88 | 28.05 | 28.70 | 3,315,400 |
| 28.88 | 29.11 | 28.39 | 28.55 | 1,989,800 |
| Backtest MEG Energy | | | MEG Energy History | | | MEG Energy Valuation | Previous | Next |
MEG Energy Trading Date Momentum on March 5, 2024
| On March 06 2024 MEG Energy Corp was traded for 28.55 at the closing time. The maximum traded price for the trading interval was 29.11 and the lowest daily price was 28.39 . The daily volume was recorded at 2 M. The volume of trading on 6th of March 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.52% . The trading delta at closing time to the closing price today is 5.64% . |
MEG Energy Corp Fundamentals Correlations and Trends
By evaluating MEG Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MEG Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MEG financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MEG Energy Stock history
MEG Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MEG is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MEG Energy Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MEG Energy stock prices may prove useful in developing a viable investing in MEG Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 288 M | 256 M | |
| Net Income Applicable To Common Shares | 1 B | 1.1 B |
MEG Energy Quarterly Net Working Capital |
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MEG Energy Stock Technical Analysis
MEG Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
MEG Energy Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
MEG Energy Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
MEG Energy November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how MEG Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MEG Energy shares will generate the highest return on investment. By undertsting and applying MEG Energy stock market strength indicators, traders can identify MEG Energy Corp entry and exit signals to maximize returns
MEG Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MEG Energy's price direction in advance. Along with the technical and fundamental analysis of MEG Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MEG to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (4.24) |
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Other Information on Investing in MEG Stock
MEG Energy financial ratios help investors to determine whether MEG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MEG with respect to the benefits of owning MEG Energy security.