EU: MEG ENERGY CORP by Meg Energy Corp (MEGEF) Stock Has Just Had Its “Equal-Weight” Rating Reiterated by Morgan Stanley. Shares now Have a $6 Target

April 17, 2018 - By Winifred Garcia

MEG Energy Corp. (OTCMKTS:MEGEF) Logo

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

Morgan Stanley now has a $6 target on shares of MEG ENERGY CORP by Meg Energy Corp (MEGEF). The target indicates a potential upside of 23.71 % from the last close price of MEG ENERGY CORP by Meg Energy Corp (MEGEF). This rating was disclosed to clients in an analyst report on Monday morning.

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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