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StockVS

TSX · Oil & Gas E&P · CAD

Meren Energy Inc. (MER.TO) Stock Analysis

Meren Energy Inc. (MER.TO) is a Oil & Gas E&P stock listed on TSX and quoted in Canadian Dollar.

MER.TO

CA$2.22

CA$0.00 (0.00%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MER.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$2.22
Previous Close
CA$2.22
Day's Range
2.19–2.22
52-Week Range
1.67–2.58
Volume
509.40K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.40
Valuation
Market Cap
CA$1.50B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.75
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.07
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.22
Financials (FY)
Revenue (FY)
CA$562.10M
Net Income (FY)
−CA$31.60M
Profit marginThe share of revenue left as profit after all costs and taxes.
−13.24%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
676.12M
1-Year Return
+36.53%
Dividend and dates
Dividend
CA$0.20+9.21%
Ex-Dividend Date
August 20, 2026
Earnings Date
November 10, 2026
Avg Volume
868.44K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MER.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+28.96%
2025+2.07%
2024−18.12%
2023+2.23%
2022+43.09%
2021+58.40%
2020−3.41%
2019+8.33%
2018−23.95%
2017−46.62%
2016 (partial year)+53.76%

As of September 4, 2026.

MER.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$562.10M−CA$31.60M−5.6%
2024CA$0.00−CA$279.10M—
2023CA$0.00CA$87.10M—
2022CA$0.00−CA$60.30M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$562.10MCA$36.00M−CA$400.00K−CA$31.60M−5.6%
2024CA$0.00CA$0.00−CA$32.40M−CA$279.10M—
2023CA$0.00—−CA$31.90MCA$87.10M—
2022CA$0.00—−CA$27.00M−CA$60.30M—

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MER.TO Dividend History

CA$0.21+204.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.153—
2025CA$0.214+204.4%
2024CA$0.072−1.4%
2023CA$0.072+6.2%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.153—
2025CA$0.214+204.4%
2024CA$0.072−1.4%
2023CA$0.072+6.2%
2022CA$0.072—

Most recent payment: CA$0.05 per share, ex-dividend August 20, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MER.TO Valuation vs Oil & Gas E&P Median

Median of 122 stocks
MetricMER.TOOil & Gas E&P medianvs median
P/S ratio2.072.3311% below
Profit margin−13.24%11.54%24.8 pts below

Medians across 122 Oil & Gas E&P stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Meren Energy Inc. (MER.TO) carries a market capitalisation of CA$1.50B. It is classified in the Oil & Gas E&P industry, within the Energy sector. Headcount on file is 50.

Over the past 52 weeks the price has ranged from CA$1.67 to CA$2.58. MER.TO last closed at CA$2.22 on September 4, 2026. The close was unchanged from the previous session. The latest close sits 32.93% above that 52-week low.

Financial Health

In fiscal 2025, Meren Energy Inc. reported revenue of CA$562.10M. The same year closed with a net loss of CA$31.60M. Profit margin runs at −13.24%. That is 24.8 percentage points below the Oil & Gas E&P median of 11.54%. Trailing earnings per share are −0.22.

Across the 4 fiscal years on file, revenue moves from CA$0.00 in 2022 to CA$562.10M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 7.75. The price-to-sales ratio is 2.07. On price-to-sales that is 11.15% below the Oil & Gas E&P median of 2.33. 122 Oil & Gas E&P companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.4. Annualized volatility over the trailing 10 years is 43.34%. The trailing one-year price return is +36.53%. Measured over 10 years, that is +3.40% a year compounded.

Growth & Income

MER.TO pays a dividend yielding 9.21%. That is 5.7 percentage points above the Oil & Gas E&P median yield of 3.49%. The indicated annual rate is CA$0.20 a share. The ex-dividend date on file is August 20, 2026. Dividends are recorded for 5 calendar years; 2026 shows 3 payments totalling CA$0.15 a share. The year before, 2025, totalled CA$0.21 a share.

So far in 2026 the price is +28.96%. Across the complete calendar years on file, 2021 returned +58.40% and 2017 returned −46.62%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Meren Energy Inc. (MER.TO) operates in the Oil & Gas E&P industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Meren Energy Inc. MER.TO CA$1.50B —
ConocoPhillips COP CA$161.29B 17.9
Canadian Natural Resources Limited CNQ CA$104.02B 12.5
EOG Resources, Inc. EOG CA$76.16B 11.4

The Oil & Gas E&P industry average P/E ratio is 15.0x. Meren Energy Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About 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.

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