Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$30.89 and traded as high as C$31.03. MEG Energy shares last traded at C$30.89, with a volume of 6,350,674 shares.
MEG Energy Stock Performance
The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 22.34. The company’s fifty day moving average is C$30.89 and its 200 day moving average is C$30.89. The company has a market cap of C$7.86 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.17 and a beta of 0.45.
MEG Energy Company Profile
MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.
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