Royal Bank of Canada upgraded shares of MEG Energy (OTCMKTS:MEGEF – Free Report) from a sector perform rating to an outperform rating in a report released on Tuesday, MarketBeat Ratings reports.
Several other equities analysts have also commented on the company. TD Securities boosted their price target on MEG Energy from C$23.00 to C$25.00 in a research report on Friday, July 28th. National Bank Financial lowered their target price on MEG Energy from C$29.00 to C$27.00 in a research note on Thursday, June 29th.
Read Our Latest Research Report on MEG Energy
MEG Energy Price Performance
About MEG Energy
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production 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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