Meg Energy Corp Receives Average Rating of “Buy” from Brokerages (NASDAQ:MEGEF)
Shares of Meg Energy Corp (NASDAQ:MEGEF) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Analyst RN reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $47.63.
Shares of Meg Energy Corp (NASDAQ:MEGEF) remained flat at $36.64 during during mid-day trading trading on Tuesday. Meg Energy Corp has a 1-year low of $26.55 and a 1-year high of $37.36. The stock has a 50-day moving average of $35.10 and a 200-day moving average of $32.10. The company’s market cap is $8.159 billion.
A number of research firms have recently commented on MEGEF. Analysts at Raymond James raised their price target on shares of Meg Energy Corp from C$46.00 to C$49.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at FirstEnergy Capital downgraded shares of Meg Energy Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. They now have a C$44.00 price target on the stock, down previously from C$46.00. Finally, analysts at National Bank Financial raised their price target on shares of Meg Energy Corp from C$47.00 to C$48.00 in a research note on Thursday, May 1st.
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