Raymond James reaffirmed their market perform rating on shares of MEG Energy (TSE:MEG) in a research report report published on Monday morning. They currently have a C$12.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of MEG Energy from C$9.00 to C$9.50 and gave the company a hold rating in a report on Tuesday, August 7th. AltaCorp Capital lowered shares of MEG Energy from an outperform rating to a sector perform rating in a report on Tuesday, July 17th. Eight Capital decreased their price target on shares of MEG Energy from C$17.00 to C$13.00 in a report on Wednesday, October 17th. National Bank Financial reissued a sector perform spec overwgt rating on shares of MEG Energy in a report on Tuesday, October 9th. Finally, CIBC reissued a neutral rating and issued a C$12.00 price target on shares of MEG Energy in a report on Friday, October 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. MEG Energy has a consensus rating of Hold and an average price target of C$10.43.

MEG opened at C$10.17 on Monday. MEG Energy has a 52 week low of C$4.28 and a 52 week high of C$11.70.

In other news, Director Derek Watson Evans purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was bought at an average price of C$8.57 per share, with a total value of C$428,500.00. Insiders bought a total of 92,000 shares of company stock valued at $746,820 in the last three months.

MEG Energy Company Profile

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 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.

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Analyst Recommendations for MEG Energy (TSE:MEG)

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