Closing Bell: Meg Energy Corp down on Wednesday (MEG)

Meg Energy Corp opened trading today at $27.05 and closed at $26.34. prices ranged from a low of $26.24 to a high of $27.23.

Share prices dipped -0.49% from the previous day's close of $26.47.

During the day across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

Meg Energy Corp traded under MEG on the Toronto Stock Exchange (TSX).

A total of 1,061,596 shares was traded during the last trading day, with total trades of 6,489, while having an average volume of 1,596,257 over 5 days.

Trading across the entire TSX saw 1,858 price advancers against 3,319 declines and 108 unchanged.

During the prior 52 weeks, MEG.TO has traded as high as $33.70 (April 10,2024) and low as $22.59 (August 24,2023). Moreover, in the last 52 weeks, Meg Energy Corp's shares have gained 9.57 percent, while they have boosted 11.28% since the start of 2024.

It announced a 0.10 dividend on July 25/24, with an September 17/24 ex-date and October 15/24 pay day.

Following today's trading, Meg Energy Corp has a market capitalization of $7.13 billion on a float of 269,500 shares outstanding. Its annual EPS is $2.10.

Meg Energy Corp is a TSX Oil & Gas E&P company headquartered in Calgary, CAN.

Currently, Meg Energy Corp's consensus rating is "Moderate Buy" based on 12 analysts according to Zacks. From those 12 analysts, 4 have buy ratings and 8 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..