Meg Energy Corp Stock Today
MEG Stock | CAD 31.27 0.51 1.60% |
Performance21 of 100
| Odds Of DistressLess than 1
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MEG Energy is selling at 31.27 as of the 19th of April 2024; that is -1.6 percent decrease since the beginning of the trading day. The stock's open price was 31.78. MEG Energy has a very small chance of experiencing financial distress in the next few years and had a solid performance during 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 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy |
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca 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 Canada and is traded on Toronto Stock Exchange. The company has 272.6 M outstanding shares of which 4.18 M shares are now shorted by private and institutional investors with about 2.61 days to cover all short positions. More on MEG Energy Corp
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Follow Valuation Profit Patterns Odds of Bankruptcy
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MEG Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MEG Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MEG Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | Derek Evans | ||||
Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
MEG Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MEG Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MEG Energy's financial leverage. It provides some insight into what part of MEG Energy's total assets is financed by creditors.
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MEG Energy Corp (MEG) is traded on Toronto Exchange in Canada and employs 449 people. MEG Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.52 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 operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 272.6 M outstanding shares of which 4.18 M shares are now shorted by private and institutional investors with about 2.61 days to cover all short positions.
MEG Energy Corp has accumulated about 0 in cash with 1.35 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16.
Check MEG Energy Probability Of Bankruptcy
Ownership AllocationMEG Energy Corp holds a total of 272.6 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. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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MEG Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of MEG Energy jumping above the current price in 90 days from now is about 16.24%. The MEG Energy Corp probability density function shows the probability of MEG Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon MEG Energy has a beta of 0.3425. This indicates as returns on the market go up, MEG Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MEG Energy Corp will be expected to be much smaller as well. Additionally, mEG Energy Corp has an alpha of 0.399, implying that it can generate a 0.4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MEG Energy to move above the current price in 90 days from now is about 16.24 (This MEG Energy Corp probability density function shows the probability of MEG Stock to fall within a particular range of prices over 90 days) .
MEG Energy Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MEG Energy market risk premium is the additional return an investor will receive from holding MEG Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MEG Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MEG Energy's alpha and beta are two of the key measurements used to evaluate MEG Energy's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 1.33 | |||
Semi Deviation | 1.51 | |||
Standard Deviation | 1.8 | |||
Variance | 3.23 |
MEG Stock Against Markets
Picking the right benchmark for MEG Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MEG Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MEG Energy is critical whether you are bullish or bearish towards MEG Energy Corp at a given time. Please also check how MEG Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in MEG Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MEG Energy Corporate Directors
MEG Energy corporate directors refer to members of a MEG Energy board of directors. The board of directors generally takes responsibility for the MEG Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MEG Energy's board members must vote for the resolution. The MEG Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.William Klesse | Independent Director | Profile | |
Robert Hodgins | Independent Director | Profile | |
Peter Kagan | Independent Director | Profile | |
Diana McQueen | Independent Director | Profile |
How to buy MEG Stock?
Before investing in MEG Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MEG Energy. To buy MEG Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MEG Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MEG Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MEG Energy Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MEG Energy Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MEG Energy Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in MEG Energy Corp?
The danger of trading MEG Energy Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MEG Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MEG Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MEG Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the MEG Energy Corp information on this page should be used as a complementary analysis to other MEG Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for MEG Stock analysis
When running MEG Energy's price analysis, check to measure MEG Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MEG Energy is operating at the current time. Most of MEG Energy's value examination focuses on studying past and present price action to predict the probability of MEG Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEG Energy's price. Additionally, you may evaluate how the addition of MEG Energy to your portfolios can decrease your overall portfolio volatility.
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