Meg Energy Corp Stock Today

MEGEF Stock  USD 18.55  0.47  2.47%   

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MEG Energy is trading at 18.55 as of the 26th of November 2024. This is a 2.47% down since the beginning of the trading day. The stock's lowest day price was 18.48. MEG Energy has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for MEG Energy Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company was incorporated in 1999 and is headquartered in Calgary, Canada. MEG ENERGY operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. The company has 298 M outstanding shares. More on MEG Energy Corp

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MEG Pink Sheet Highlights

Business ConcentrationEnergy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
MEG Energy Corp [MEGEF] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.16 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MEG Energy's market, we take the total number of its shares issued and multiply it by MEG Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MEG Energy Corp classifies itself under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 298 M outstanding shares. MEG Energy Corp has accumulated about 244 M in cash with 690 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.8.
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Ownership Allocation
MEG Energy Corp maintains a total of 298 Million outstanding shares. 30% of MEG Energy outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Thus, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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MEG Energy Corp Risk Profiles

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MEG Energy financial ratios help investors to determine whether MEG Pink Sheet 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.