TD Securities Boosts MEG Energy Price Target to C32.00 - Defense World
| MEG Stock | CAD 25.20 0.20 0.80% |
About 52% of MEG Energy's investor base is interested to short. The current sentiment of investing in MEG Energy Corp suggests that many traders are impartial. MEG Energy's investing sentiment overview a quick insight into current market opportunities from investing in MEG Energy Corp. Many technical investors use MEG Energy Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
MEG |
TD Securities Boosts MEG Energy Price Target to C32.00 Defense World
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MEG Energy Fundamental Analysis
We analyze MEG Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MEG Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MEG Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
MEG Energy is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
MEG Energy Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MEG Energy stock to make a market-neutral strategy. Peer analysis of MEG Energy could also be used in its relative valuation, which is a method of valuing MEG Energy by comparing valuation metrics with similar companies.
Peers
MEG Energy Related Equities
| TVE | Tamarack Valley | 1.59 | ||||
| ARX | ARC Resources | 0.04 | ||||
| WCP | Whitecap Resources | 0.49 | ||||
| BTE | Baytex Energy | 0.50 |
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.