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

In market activity today, Meg Energy Corp shares closed at $27.91 after opening the day at $28.53. prices ranged from a low of $27.51 to a high of $28.72.

Shares decreased -2.45% from the previous day's close of $28.61.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

Meg Energy Corp has listed on the Toronto Stock Exchange (TSX) under the ticker MEG.

Trading volume was 1,202,568 on 7,544 total trades. On average, Meg Energy Corp has traded 1,303,251 shares over the last 5-days and 1,696,636 year-to-date.

The TSX overall saw 907 price advancers against 4,327 declines and 72 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 boosted 17.17 percent, while in 2024, they have boosted 17.91%.

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 $7.71 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.

Meg Energy Corp's average recommendation is "Moderate Buy" based on 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..