JPMorgan Chase & Co. began coverage on shares of MEG Energy (OTCMKTS:MEGEF) in a research note published on Tuesday, September 11th, The Fly reports. The brokerage issued an underweight rating on the stock.
MEGEF has been the subject of several other research reports. Goldman Sachs Group began coverage on MEG Energy in a research note on Thursday, June 21st. They issued a neutral rating for the company. Morgan Stanley upgraded MEG Energy from an equal weight rating to a buy rating in a research note on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $6.00.
OTCMKTS MEGEF traded down $0.04 during trading hours on Tuesday, hitting $8.48. The company had a trading volume of 20,138 shares, compared to its average volume of 22,154. MEG Energy has a 52 week low of $3.38 and a 52 week high of $9.10.
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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