Want to see TSE:MER full AI Analyst Report?
MER Stock Chart & Stats
C$1.68
--
Market closed
C$1.68
--
Day’s Range― - ―
52-Week RangeC$1.61 - C$2.58
Previous CloseN/A
VolumeN/A
Average Volume (3M)791.94K
Market Cap
C$1.37B
Enterprise ValueC$1.17B
Total Cash (Recent Filing)C$161.71M
Total Debt (Recent Filing)C$373.86M
Price to Earnings (P/E)―
Beta0.67
Next Earnings
Aug 11, 2026EPS Estimate
0.02Next Dividend Ex-DateN/A
Dividend Yield0%
Share Statistics
EPS (TTM)-0.19
Shares Outstanding676,115,300
10 Day Avg. Volume545,008
30 Day Avg. Volume791,938
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)C$944.51M
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 Inc.’s price range in the past 12 months?
Meren Energy Inc. lowest stock price was C$1.61 and its highest was C$2.58 in the past 12 months.
What is Meren Energy Inc.’s market cap?
Meren Energy Inc.’s market cap is C$1.37B.
When is Meren Energy Inc.’s upcoming earnings report date?
Meren Energy Inc.’s upcoming earnings report date is Aug 11, 2026 which is in 30 days.
How were Meren Energy Inc.’s earnings last quarter?
Meren Energy Inc. released its earnings results on May 12, 2026. The company reported -C$0.082 earnings per share for the quarter, missing the consensus estimate of C$0.006 by -C$0.088.
Is Meren Energy Inc. overvalued?
According to Wall Street analysts Meren Energy Inc.’s price is currently Overvalued.
Does Meren Energy Inc. pay dividends?
Meren Energy Inc. pays a Quarterly dividend of C$0.051 which represents an annual dividend yield of 0%. See more information on Meren Energy Inc. dividends here
What is Meren Energy Inc.’s EPS estimate?
Meren Energy Inc.’s EPS estimate is 0.02.
How many shares outstanding does Meren Energy Inc. have?
Meren Energy Inc. has 676,115,300 shares outstanding.
What happened to Meren Energy Inc.’s price movement after its last earnings report?
Meren Energy Inc. reported an EPS of -C$0.082 in its last earnings report, missing expectations of C$0.006. Following the earnings report the stock price went down -4.964%.
Which hedge fund is a major shareholder of Meren Energy Inc.?
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
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.86%
12-Months-Change
Fundamentals
Return on Equity
-15.45%
Trailing 12-Months
Asset Growth
-21.39%
Trailing 12-Months
Company Description
Meren Energy Inc.
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a largely constructive picture: management delivered on consolidation, generated strong operating cash and materially deleveraged the balance sheet while returning capital to shareholders. They set out a detailed organic growth pipeline (near- and mid-term projects) and maintained disciplined liquidity and hedging policies. Key negatives included a $105.3 million non-cash impairment at Agbami, a material drop in cash balance (≈ -62%), a slight miss on EBITDAX vs guidance, near-term production headwinds in Q4, and timing/regulatory risks for future growth. On balance the positive operational, financial and strategic developments (deleveraging, shareholder returns, visible organic catalysts and prudent capital framework) outweigh the headwinds.View all TSE:MER earnings summariesTechnical Analysis
Options Prices
Currently, No data available
---