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Shares of Meg Energy Corp (NASDAQ:MEGEF) have received a consensus rating of “Buy” from the ten analysts that are presently covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $47.00.

Several analysts have recently commented on the stock. 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, July 7th. 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.

Meg Energy Corp (NASDAQ:MEGEF) opened at 34.95 on Tuesday. Meg Energy Corp has a 52-week low of $26.55 and a 52-week high of $37.36. The stock’s 50-day moving average is $35.39 and its 200-day moving average is $32.26. The company’s market cap is $7.783 billion.

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