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Meg Energy Corp (NASDAQ:MEGEF) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Analyst Ratings Network reports. Eleven equities research analysts have rated the stock with a buy recommendation, The average twelve-month target price among brokers that have issued a report on the stock in the last year is $47.75.

MEGEF has been the subject of a number of recent research reports. Analysts at FirstEnergy Capital raised their price target on shares of Meg Energy Corp from C$45.00 to C$46.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Meg Energy Corp from C$49.00 to C$51.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Meg Energy Corp from C$49.00 to C$51.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock.

Shares of Meg Energy Corp (NASDAQ:MEGEF) remained flat at $33.535 during during mid-day trading trading 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 $35.04 and its 200-day moving average is $33.45. The company has a market cap of $7.501 billion and a price-to-earnings ratio of 72.27.

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