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

In trading today, Meg Energy Corp opened at $27.77 and closed at $27.50. It traded at a low of $27.23 to a high of $27.77.

Share prices slipped -1.50 percent from the previous day's close of $27.92.

During the day across North America, the TSX Composite closed -0.26% at 22813.75, the S&P 500 closed 1.08% at 5564.41, the Dow Jones Industrial Average closed 0.32% at 40415.44 and the Nasdaq Composite closed 1.58% at 18007.57.

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

Trading volume was 1,393,972 on 9,360 total trades, with an average volume of 1,353,032 over 5 days.

The TSX overall saw 3,093 price advancers against 2,137 declines and 96 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, the shares have boosted 18.28% in 52 weeks, while in 2024, they have advanced 16.18%.

Following today's trading, Meg Energy Corp has a market capitalization of $7.61 billion on a float of 272,604 shares outstanding. Its annual EPS is $2.06.

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

Meg Energy Corp is holding an average recommendation of "Moderate Buy" from 12.00 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..