TOday’s Movers: MEG ENERGY CORP by Meg Energy Corp (MEGEF) Stock Rating Reaffirmed by Analysts at Morgan Stanley; $6 Target Price Indicates 23.71 % Potential

April 17, 2018 - By Henry Gaston

MEG Energy Corp. (OTCMKTS:MEGEF) Logo

MEG ENERGY CORP by Meg Energy Corp (MEGEF) Rating Reaffirmed

Stock research analysts at Morgan Stanley now has a $6 TP on MEG ENERGY CORP by Meg Energy Corp (MEGEF). Morgan Stanley and their recent TP suggests a potential upside of 23.71 % from the company’s last price. The rating has been revealed to investors in a research note on 16 April.

The stock increased 0.45% or $0.0215 during the last trading session, reaching $4.8467. About 1,500 shares traded. MEG Energy Corp. (MEGEF) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% 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 $1.38 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 11.14 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.

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