Meg Energy Corp Stock Performance
| MEG Stock | CAD 26.02 0.63 2.36% |
The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MEG Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEG Energy is expected to be smaller as well. At this point, MEG Energy Corp has a negative expected return of -0.0187%. Please make sure to verify MEG Energy's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if MEG Energy Corp performance from the past will be repeated in the future.
Risk-Adjusted Performance
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Over the last 90 days MEG Energy Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy technical and fundamental indicators, MEG Energy is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.015 | Payout Ratio 0.1081 | Forward Dividend Rate 0.4 | Dividend Date 2025-01-15 | Ex Dividend Date 2024-12-16 |
1 | MEG Energy Shares Rise as Shareholder Returns Increased Following Debt Reduction - MarketWatch | 10/01/2024 |
2 | MEG Energys investors will be pleased with their incredible 386 percent return over the last five years - Simply Wall St | 11/22/2024 |
| Begin Period Cash Flow | 192 M |
MEG |
MEG Energy Relative Risk vs. Return Landscape
If you would invest 2,672 in MEG Energy Corp on August 28, 2024 and sell it today you would lose (70.00) from holding MEG Energy Corp or give up 2.62% of portfolio value over 90 days. MEG Energy Corp is producing return of less than zero assuming 2.2084% volatility of returns over the 90 days investment horizon. Simply put, 19% of all stocks have less volatile historical return distribution than MEG Energy, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MEG Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEG Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as MEG Energy Corp, and traders can use it to determine the average amount a MEG Energy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0085
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| Negative Returns | MEG |
Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.02 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.
MEG Energy Fundamentals Growth
MEG Stock prices reflect investors' perceptions of the future prospects and financial health of MEG Energy, and MEG Energy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MEG Stock performance.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.075 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 7.9 B | ||||
| Shares Outstanding | 263 M | ||||
| Price To Earning | 26.68 X | ||||
| Price To Book | 1.52 X | ||||
| Price To Sales | 1.29 X | ||||
| Revenue | 5.65 B | ||||
| Gross Profit | 3.13 B | ||||
| EBITDA | 1.52 B | ||||
| Net Income | 569 M | ||||
| Cash Per Share | 0.16 X | ||||
| Total Debt | 1.38 B | ||||
| Debt To Equity | 0.87 % | ||||
| Current Ratio | 1.41 X | ||||
| Book Value Per Share | 17.34 X | ||||
| Cash Flow From Operations | 1.35 B | ||||
| Earnings Per Share | 1.84 X | ||||
| Market Capitalization | 7.01 B | ||||
| Total Asset | 6.9 B | ||||
| Retained Earnings | (531 M) | ||||
| Working Capital | 278 M | ||||
| Current Asset | 611.33 M | ||||
| Current Liabilities | 248.3 M | ||||
About MEG Energy Performance
By examining MEG Energy's fundamental ratios, stakeholders can obtain critical insights into MEG Energy's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that MEG Energy is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 20.70 | 23.57 | |
| Return On Tangible Assets | 0.08 | 0.09 | |
| Return On Capital Employed | 0.15 | 0.15 | |
| Return On Assets | 0.08 | 0.09 | |
| Return On Equity | 0.13 | 0.13 |
Things to note about MEG Energy Corp performance evaluation
Checking the ongoing alerts about MEG Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for MEG Energy Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| MEG Energy Corp generated a negative expected return over the last 90 days | |
| MEG Energy Corp is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: MEG Energys investors will be pleased with their incredible 386 percent return over the last five years - Simply Wall St |
- Analyzing MEG Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether MEG Energy's stock is overvalued or undervalued compared to its peers.
- Examining MEG Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating MEG Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of MEG Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of MEG Energy's stock. These opinions can provide insight into MEG Energy's potential for growth and whether the stock is currently undervalued or overvalued.
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.