MEG Energy Corp (TSE:MEG) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 4th. Analysts expect MEG Energy Corp to post earnings of ($0.55) per share for the quarter.

In related news, insider Eric Lloyd Toews acquired 20,000 shares of MEG Energy Corp stock in a transaction that occurred on Wednesday, January 13th. The stock was purchased at an average price of C$4.99 per share, for a total transaction of C$99,800.00.

Several research analysts have issued reports on MEG shares. National Bank Financial raised their price objective on shares of MEG Energy Corp from C$6.00 to C$12.00 and gave the stock an “underperform” rating in a research report on Monday, January 11th. RBC Capital initiated coverage on shares of MEG Energy Corp in a research note on Monday, January 4th. They issued an “outperform” rating and a C$12.00 target price for the company. Raymond James reduced their target price on shares of MEG Energy Corp from C$20.00 to C$17.50 in a research note on Friday, October 16th. Barclays cut shares of MEG Energy Corp from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from C$9.00 to C$4.50 in a research note on Thursday, January 28th. Finally, Scotiabank reduced their target price on shares of MEG Energy Corp from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, December 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$13.94.

Shares of MEG Energy Corp (TSE:MEG) traded down 6.57% during mid-day trading on Tuesday, reaching $4.98. 506,476 shares of the company traded hands. MEG Energy Corp has a 52 week low of $4.12 and a 52 week high of $25.20. The stock’s 50-day moving average is $6.53 and its 200-day moving average is $10.05. The company’s market capitalization is $1.12 billion.

MEG Energy Corp. (TSE:MEG) is an oil sands company. The Company is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is developing enhanced oil recovery projects that utilize steam‐assisted gravity drainage (SAGD) extraction methods. The Company has two commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns a 100% working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises 32 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns a 100% working interest in the oil sands leases associated with the Surmont Project. MEG also holds a 50% interest in the Access Pipeline.

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