DavidsTea (DTEA) Reaches $6.03 After 3.00% Down Move; Last Week MEG Energy (TSE:MEG) Analysts

June 8, 2017 - By Hazel Jackson

The stock of DavidsTea Inc (NASDAQ:DTEA) is a huge mover today! About 251,689 shares traded or 340.66% up from the average. DavidsTea Inc (NASDAQ:DTEA) has declined 44.49% since June 8, 2016 and is downtrending. It has underperformed by 61.19% the S&P500.The move comes after 7 months negative chart setup for the $152.13 million company. It was reported on Jun, 8 by Barchart.com. We have $5.85 PT which if reached, will make NASDAQ:DTEA worth $4.56M less.

Among 4 analysts covering Meg Energy Corp. (TSE:MEG), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Meg Energy Corp. had 34 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Desjardins Securities on Tuesday, June 28 with “”. The firm has “Speculative Buy” rating by TD Securities given on Friday, July 15. RBC Capital Markets maintained it with “Outperform” rating and $11 target in Friday, February 5 report. TD Securities maintained it with “Speculative Buy” rating and $9 target in Friday, October 28 report. TD Securities maintained it with “Hold” rating and $8.50 target in Friday, March 24 report. As per Wednesday, June 8, the company rating was maintained by RBC Capital Markets. The stock of MEG Energy Corp (TSE:MEG) has “” rating given on Monday, June 6 by Raymond James. The company was maintained on Friday, February 10 by RBC Capital Markets. The rating was maintained by Scotia Capital with “Outperform” on Friday, February 10. RBC Capital Markets maintained the shares of MEG in report on Friday, April 29 with “Outperform” rating. See MEG Energy Corp (TSE:MEG) latest ratings:

24/03/2017 Broker: TD Securities Rating: Hold New Target: $8.50 Maintain
10/02/2017 Broker: Barclays Capital Rating: Old Target: $6.00 New Target: $8.00 Target Up
10/02/2017 Broker: Scotia Capital Rating: Outperform New Target: $9.00 Maintain
10/02/2017 Broker: RBC Capital Markets Rating: Outperform New Target: $12.00 Maintain
30/01/2017 Broker: BMO Capital Markets Rating: Old Target: $6.00 New Target: $8.00 Target Up
25/01/2017 Broker: Scotia Capital Rating: Outperform Old Target: $10.00 New Target: $9.00 Target Up
25/01/2017 Broker: TD Securities Rating: Speculative Buy Old Target: $11.50 New Target: $11.00 Target Down
25/01/2017 Broker: RBC Capital Markets Rating: Outperform Old Target: $10.00 New Target: $12.00 Target Up
12/01/2017 Broker: Raymond James Rating: Old Target: $9.00 New Target: $8.50 Target Down

About 1.72 million shares traded or 6.83% up from the average. MEG Energy Corp (TSE:MEG) has 0.00% since June 8, 2016 and is . It has underperformed by 16.70% the S&P500.

MEG Energy Corp is a Canada-based oil sands company. The company has market cap of $1.17 billion. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. It currently has negative earnings. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods.

Since December 12, 2016, it had 0 insider purchases, and 2 selling transactions for $14.66 million activity. The insider MCDERMOTT DEBORAH A sold 4,545 shares worth $85,236. Standard General L.P. sold $14.58 million worth of stock or 794,289 shares.

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.06, from 0.98 in 2016Q3. It worsened, as 16 investors sold MEG Energy Corp shares while 50 reduced holdings. 24 funds opened positions while 37 raised stakes. 121.97 million shares or 6.94% more from 114.05 million shares in 2016Q3 were reported. Guggenheim Limited Liability Corp, Illinois-based fund reported 16,700 shares. Blackrock Mngmt Lc accumulated 445,087 shares. The New York-based Blackrock has invested 0% in MEG Energy Corp (TSE:MEG). Deutsche Financial Bank Ag invested 0% of its portfolio in MEG Energy Corp (TSE:MEG). First Manhattan stated it has 0% in MEG Energy Corp (TSE:MEG). Voya Inv Mngmt Ltd Company holds 0% in MEG Energy Corp (TSE:MEG) or 46,399 shares. State Bank Of America De, a North Carolina-based fund reported 52,024 shares. Dimensional Fund Advisors Limited Partnership holds 0.02% of its portfolio in MEG Energy Corp (TSE:MEG) for 2.65M shares. Natl Bank Of Montreal Can has invested 0% in MEG Energy Corp (TSE:MEG). Moreover, Mizuho Secs Usa Inc has 0.02% invested in MEG Energy Corp (TSE:MEG) for 30,000 shares. Prudential Inc, a New Jersey-based fund reported 12,220 shares. Pinnacle Assocs Limited invested in 0.75% or 1.97 million shares. Ubs Asset Mngmt Americas holds 52,186 shares. Walleye Trading Ltd Liability Com reported 177,339 shares. Gabelli Funds Limited Liability Company reported 0.29% of its portfolio in MEG Energy Corp (TSE:MEG).

DAVIDsTEA Inc. is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The company has market cap of $152.13 million. The Company’s divisions include Canada and the U.S. It currently has negative earnings. The Firm is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.

Analysts await DavidsTea Inc (NASDAQ:DTEA) to report earnings on June, 14. They expect $-0.04 EPS, down 200.00% or $0.08 from last year’s $0.04 per share. After $0.29 actual EPS reported by DavidsTea Inc for the previous quarter, Wall Street now forecasts -113.79% negative EPS growth.