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MER Stock Chart & Stats
C$2.24
-C$0.05(-2.35%)
At close: 4:00 PM EDT
C$2.24
-C$0.05(-2.35%)
Day’s Range― - ―
52-Week RangeC$1.67 - C$2.58
Previous CloseN/A
Volume955.18K
Average Volume (3M)1.09M
Market Cap
C$1.50B
Enterprise ValueC$1.63K
Total Cash (Recent Filing)C$77.57M
Total Debt (Recent Filing)C$292.82M
Price to Earnings (P/E)―
Beta0.66
Next Earnings
Nov 10, 2026EPS Estimate
0.06Next Dividend Ex-DateN/A
Dividend Yield9.26%
Share Statistics
EPS (TTM)-0.15
Shares Outstanding676,115,300
10 Day Avg. Volume1,075,317
30 Day Avg. Volume1,086,596
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.07
Price to Sales (P/S)1.44
P/FCF Ratio2.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.50Price Target Upside11.61% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$886.86M
Bulls Say, Bears Say
Bulls Say
DividendsThe Prime reorganisation is expected to underpin a sustainable annual dividend of at least $100 million, significantly higher than current levels.
EarningsAfrica Oil published Q4/24 results with numbers within guidance and slightly ahead of analyst estimates.
Operational PerformanceThe Egina field completed the year above plan due to its high production efficiency and successful well interventions.
Bears Say
Share PriceThe operational performance and smart corporate decisions made are at odds with the share price weakness, presenting an attractive opportunity for investors.
ValuationThe shares are trading at a 41% discount to analyst NAV of $3.20 per share.
Meren Energy News
MER FAQ
What was Meren Energy’s price range in the past 12 months?
Meren Energy lowest stock price was C$1.67 and its highest was C$2.58 in the past 12 months.
What is Meren Energy’s market cap?
Meren Energy’s market cap is C$1.50B.
When is Meren Energy’s upcoming earnings report date?
Meren Energy’s upcoming earnings report date is Nov 10, 2026 which is in 66 days.
How were Meren Energy’s earnings last quarter?
Meren Energy released its earnings results on Aug 11, 2026. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.082 by -C$0.012.
Is Meren Energy overvalued?
According to Wall Street analysts Meren Energy’s price is currently Undervalued.
Does Meren Energy pay dividends?
Meren Energy pays a Quarterly dividend of C$0.051 which represents an annual dividend yield of 9.26%. See more information on Meren Energy dividends here
What is Meren Energy’s EPS estimate?
Meren Energy’s EPS estimate is 0.06.
How many shares outstanding does Meren Energy have?
Meren Energy has 676,115,300 shares outstanding.
What happened to Meren Energy’s price movement after its last earnings report?
Meren Energy reported an EPS of C$0.07 in its last earnings report, missing expectations of C$0.082. Following the earnings report the stock price went up 7.303%.
Which hedge fund is a major shareholder of Meren Energy?
Currently, no hedge funds are holding shares in TSE:MER
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Meren Energy Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
C$2.50 (11.61% Upside)
C$2.50 (11.61% Upside)
Blogger Sentiment
Bullish
TSE:MER Sentiment 67%
Sector Average ―
Sector Average ―
Technicals
SMA
Positive
20 days / 200 days
Momentum
39.86%
12-Months-Change
Fundamentals
Return on Equity
9.26%
Trailing 12-Months
Asset Growth
-23.26%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Meren Energy
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa Oil Corp. and changed its name to Meren Energy Inc. in May 2025. The company was incorporated in 1993 and is based in Vancouver, Canada.
MER Company Deck
MER Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
Overall the call conveyed a constructive and improving picture: operational performance was solid, cash generation strengthened in Q2, leverage is low (net debt/EBITDAX 0.5x) and management upgraded full-year guidance materially (EBITDAX and cash flow). The company is moving back into active drilling and interventions that should stabilize or modestly grow production into 2027 and has meaningful portfolio upside from near-field targets and the Namibia Venus project. Key risks include oil price volatility, the legacy hedging mismatch that impacted one cargo, timing of liftings and execution risk for the upcoming drilling program and deferred CapEx timing into 2027. On balance, positives (strong cash generation, upgraded guidance, low leverage, clear activity plan and portfolio optionality) outweigh the negatives.View all TSE:MER earnings summariesMER Stock 12 Month Forecast
Average Price Target
C$2.50
▲(11.61% Upside)