Is MEG Energy (MEGEF) Now a Sell? How Analysts Rate it and Why Macquarie Downgraded The Stock

MEG Energy Corp. (OTCMKTS:MEGEF) Logo

MEG Energy (MEGEF) Receives a Downgrade

In analysts report revealed to clients and investors this morning, Macquarie downgraded their rating on shares of MEG Energy (MEGEF) to a Hold.

The stock increased 4.43% or $0.2666 during the last trading session, reaching $6.2866. About 8,217 shares traded. MEG Energy Corp. (MEGEF) has 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

MEG Energy Corp., an oil sands company, focuses on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. The company has market cap of $1.87 billion. The firm owns a 100% interest in approximately 900 square miles of oil sands leases in the southern Athabasca oil sands region of northern Alberta, as well as primarily engages in a steam-assisted gravity drainage oil sands development at its Christina Lake project. It has a 44.59 P/E ratio. It also owns a 100% interest in the Stonefell Terminal, which offers 900,000 barrel blend and condensate storage facility located near Edmonton, Alberta; and a 50% interest in the Access Pipeline, a dual pipeline system that connects the Christina Lake Project in the Edmonton, Alberta area.

More notable recent MEG Energy Corp. (OTCMKTS:MEGEF) news were published by: Seekingalpha.com which released: “Jaguar Mining: Avoid This Stock – Seeking Alpha” on September 26, 2018, also Seekingalpha.com with their article: “International Petroleum: An Acquisition That Makes Sense – Seeking Alpha” published on October 11, 2018, Seekingalpha.com published: “Cardinal Energy: Safest Yield In The Canadian Energy Sector – Seeking Alpha” on August 02, 2018. More interesting news about MEG Energy Corp. (OTCMKTS:MEGEF) were released by: Seekingalpha.com and their article: “Meg Energy Corp. 2018 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Portfolio Update: Buying Raging River Exploration – Seeking Alpha” with publication date: March 17, 2018.

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