Investing.com - MEG Energy Corp reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of C$-0.08 on revenue of C$786M. Analysts polled by Investing.com expected EPS of C$-0.0452 on revenue of C$649.6M. .
For the year, MEG Energy Corp shares are up 18%, outperforming the Nasdaq which is up 0.85% year to date.
MEG Energy Corp follows other major Energy sector earnings this month
On Thursday, February 18, 2021, TC Energy reported fourth quarter EPS of C$1.15 on revenue of C$3.28B, compared to forecasts of EPS of C$1 on revenue of C$3.3B.
Cenovus Energy Inc earnings missed analyst's expectations on Tuesday, February 9, 2021, with fourth quarter EPS of C$-0.45 on revenue of C$3.5B. Investing.com analysts expected EPS of C$-0.108 on revenue of C$3.57B
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