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Meren Energy Inc. (MER.TO)

2.2300 +0.0600 (+2.76%)
As of 3:48:12 PM EDT. Market Open.
Dividend
MER.TO announced a cash dividend of CAD 0.037 with an ex-date of Aug. 20, 2026
Chart Range Bar
Loading chart for MER.TO
  • Previous Close 2.1700
  • Open 2.1900
  • Bid 2.2200 x --
  • Ask 2.2300 x --
  • Day's Range 2.1700 - 2.2300
  • 52 Week Range 1.6700 - 2.5800
  • Volume 322,836
  • Avg. Volume 807,749
  • Market Cap (intraday) 1.508B
  • Beta (5Y Monthly) 0.37
  • PE Ratio (TTM) --
  • EPS (TTM) -0.2200
  • Earnings Date Nov 10, 2026
  • Forward Dividend & Yield 0.21 (9.53%)
  • Ex-Dividend Date Aug 20, 2026
  • 1y Target Est 2.47

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.

mereninc.com

50

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Oil & Gas E&P

Industry

Performance Overview

Trailing total returns as of 8/21/2026, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index (^GSPTSE) .

YTD Return

MER.TO
31.07%
S&P/TSX Composite index (^GSPTSE)
15.03%

1-Year Return

MER.TO
41.10%
S&P/TSX Composite index (^GSPTSE)
30.65%

3-Year Return

MER.TO
9.52%
S&P/TSX Composite index (^GSPTSE)
85.27%

5-Year Return

MER.TO
82.40%
S&P/TSX Composite index (^GSPTSE)
80.22%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY25
Revenue 199.7M
Earnings -90.8M
Profit Margin -45.47%

Q2

FY25

Q3

FY25

Q4

FY25

0
100M
200M
-40.0%
-30.0%
-20.0%
-10.0%
0.0%

Analyst Insights

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Analyst Price Targets

2.47
2.47 Average
2.2300 Current
2.47 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Statistics

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Valuation Measures

Annual
As of 8/20/2026
  • Market Cap

    1.47B

  • Enterprise Value

    1.76B

  • Trailing P/E

    14.09

  • Forward P/E

    9.58

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.45

  • Price/Book (mrq)

    1.50

  • Enterprise Value/Revenue

    1.76

  • Enterprise Value/EBITDA

    4.62

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -13.24%

  • Return on Assets (ttm)

    4.81%

  • Return on Equity (ttm)

    -11.95%

  • Revenue (ttm)

    725.2M

  • Net Income Avi to Common (ttm)

    -96M

  • Diluted EPS (ttm)

    -0.2200

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    77.7M

  • Total Debt/Equity (mrq)

    41.56%

  • Levered Free Cash Flow (ttm)

    140.2M

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