MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.48 and traded as high as $20.36. MEG Energy shares last traded at $18.04, with a volume of 1,076,650 shares changing hands.
Analyst Ratings Changes
Separately, National Bankshares reiterated a “sector perform” rating on shares of MEG Energy in a research report on Friday, April 25th.
View Our Latest Report on MEG Energy
MEG Energy Trading Up 18.4%
MEG Energy Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st were issued a dividend of $0.0693 per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 1.61%.
About MEG Energy
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.
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