MEG Energy Corp. (TSE:MEG – Get Free Report) declared a quarterly dividend on Thursday, March 20th, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.10 per share on Tuesday, April 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, March 20th.
MEG Energy Trading Up 1.7 %
Shares of TSE:MEG opened at C$24.59 on Tuesday. MEG Energy has a 52-week low of C$19.77 and a 52-week high of C$33.70. The company has a market capitalization of C$6.37 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.17 and a beta of 2.89. The company has a 50-day simple moving average of C$23.40 and a 200 day simple moving average of C$24.59. The company has a debt-to-equity ratio of 22.80, a quick ratio of 1.17 and a current ratio of 1.55.
Insider Activity at MEG Energy
In related news, Director Robert Ross Rooney bought 8,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of C$23.06 per share, with a total value of C$195,993.00. 0.33% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on MEG
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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