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Meren Energy Inc. (MER.TO)
CAD2.01
-0.04 (-1.95%)
CA TSX Energy Oil & Gas Exploration & Production
Address
666 Burrard Street V6C 2X8
Vancouver, BC, CA
Vancouver, BC, CA
CEO
Oliver Quinn
Website
mereninc.com
IPO
1996-08-08
ISIN CA5889141019
Also trades on
Other OTC · AOIFF (USD)
Other OTC · MRNFF (USD)
Stockholm Stock Exchange · AOI.ST (SEK)
Stockholm Stock Exchange · MER.ST (SEK)
Toronto Stock Exchange · AOI.TO (CAD)
Toronto Stock Exchange · MER.TO (CAD)
Description
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.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CAD2.01
-0.04 (-1.95%)
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Volume Profile
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Liquidity & share structure
Average Volume
756.5K
Beta
0.37
Float Shares
433.26M
Free Float %
64.1%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | -1.27% | +1.30% | +3.54% | +30.00% | +30.00% | +21.88% | -9.65% | +87.20% | +14.15% | -78.73% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (1 ratings, all time)
Buy
Price Targets & DCF
Current price
2.01
DCF (Unlevered)
37.91
+1,786.2%
DCF (Levered)
29.34
+1,359.5%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
80% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 2 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.43
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Oil & Gas Exploration & Production: +0.0%— Q1'26: +47.2% (vs Q1'25)
-
EPS growth Oil & Gas Exploration & Production: +11.9%-8,483.3% Q1'26: -155.8% (vs Q1'25)
-
FCF margin FCF growth · Oil & Gas Exploration & Production: +19.3%+57.7% Q1'26: -29.4% (vs Q1'25)
-
EBIT margin Oil & Gas Exploration & Production: +22.0%+16.7% Q1'26: +21.9% (vs Q1'25)
-
ROIC Oil & Gas Exploration & Production: +5.1%+6.2% ★ Q1'26: +10.8% (vs Q1'25)
-
Share dilution Oil & Gas Exploration & Production: +0.0%+39.0% Q1'26: +41.8% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Oil & Gas Exploration & Production: 0.70×1.06× ★ Q1'26: 1.22× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 4 Rev. Ana. 3 EPS Ana. |
Dec 2028 3 Rev. Ana. 1 EPS Ana. |
Dec 2029 2 Rev. Ana. 1 EPS Ana. |
Dec 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|
| Revenue |
—
est: 306.98M (-100.0%)
|
—
est: 105.67M (-100.0%)
|
569.70M
est: 708.43M (-19.6%)
|
691.29M
673.69M – 710.79M
-2.4% YoY
|
665.59M
634.19M – 700.39M
-3.7% YoY
|
609.38M
593.87M – 626.57M
-8.4% YoY
|
595.87M
580.70M – 612.68M
-2.2% YoY
|
669.57M
652.53M – 688.46M
+12.4% YoY
|
| EBITDA |
-31.90M
|
29.8K
est: 96.30M (-100.0%)
|
317.16M
est: 645.62M (-50.9%)
|
630.00M
613.97M – 647.77M
-2.4% YoY
|
606.58M
577.96M – 638.29M
-3.7% YoY
|
555.35M
541.22M – 571.02M
-8.4% YoY
|
543.04M
529.22M – 558.36M
-2.2% YoY
|
610.21M
594.68M – 627.42M
+12.4% YoY
|
| EBIT |
-94.10M
|
-32.4K
est: 88.06M (-100.0%)
|
95.14M
est: 590.41M (-83.9%)
|
576.12M
561.46M – 592.37M
-2.4% YoY
|
554.70M
528.53M – 583.70M
-3.7% YoY
|
507.86M
494.93M – 522.18M
-8.4% YoY
|
496.60M
483.96M – 510.60M
-2.2% YoY
|
558.02M
543.82M – 573.76M
+12.4% YoY
|
| Net Income |
87.1K
est: 232.72M (-100.0%)
|
-279.0K
est: 82.52M (-100.3%)
|
-32.15M
est: 32.79M (-198.1%)
|
66.31M
64.00M – 68.62M
+102.2% YoY
|
113.66M
22.59M – 149.34M
+71.4% YoY
|
57.36M
55.36M – 59.35M
-49.5% YoY
|
18.56M
17.94M – 19.24M
-67.6% YoY
|
111.41M
107.73M – 115.49M
+500.3% YoY
|
| SGA |
31.9K
|
32.4K
est: 85.87M (-100.0%)
|
35.92M
est: 575.68M (-93.8%)
|
561.75M
547.45M – 577.59M
-2.4% YoY
|
540.87M
515.35M – 569.14M
-3.7% YoY
|
495.19M
482.58M – 509.16M
-8.4% YoY
|
484.21M
471.88M – 497.87M
-2.2% YoY
|
544.10M
530.25M – 559.45M
+12.4% YoY
|
| EPS |
0.00
est: 0.52 (-100.0%)
|
0.00
est: 0.13 (-100.5%)
|
-0.05
est: 0.05 (-198.3%)
|
0.11
0.10 – 0.11
+102.2% YoY
|
0.12
0.04 – 0.24
+12.8% YoY
|
0.09
0.09 – 0.10
-23.3% YoY
|
0.03
0.03 – 0.03
-67.6% YoY
|
0.18
0.17 – 0.18
+500.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C+ | 2/5 | 2/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-08 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-07 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-06 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-05 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-04 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-01 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-30 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-29 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-28 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-27 | C | 2/5 | 2/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-24 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-23 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-22 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-21 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-20 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-17 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-16 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
112.50M
OE per share TTM
0.17
Owner's Yield
7.12%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
404.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 16 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.26% | 440.6K | 0.60% |
| 2 | Desjardins RI Canada - Net-Zero Emissions Pathway ETF DRMC.TO | 0.07% | 48.1K | 0.15% |
| 3 | iShares $ Treasury Bond 3-7yr UCITS ETF CBUG.DE | 0.03% | 115.7K | 0.10% |
| 4 | iShares OMX Stockholm Capped UCITS ETF OM3X.DE | 0.02% | 48.3K | 0.10% |
| 5 | Avantis International Small Cap Equity ETF AVDS | 0.02% | 57.1K | 0.30% |
| 6 | TD Canadian Equity Index ETF TTP.TO | 0.01% | 445.1K | 0.05% |
| 7 | Dimensional - International Vector Equity ETF DXIV | 0.01% | 15.0K | 0.53% |
| 8 | iShares MSCI World Small Cap UCITS ETF WSML.L | 0.01% | 572.6K | 0.35% |
| 9 | iShares MSCI World Small-Cap ETF WSML | 0.01% | 36.9K | 0.30% |
| 10 | Vanguard MSCI International Small Cos Index ETF VISM.AX | 0.00% | 32.5K | 0.32% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
1.90M
Shares Outstanding
675.91M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Aldo Perracini | Chief Financial Officer | 2M | male |
| Oliver Quinn | President, Chief Executive Officer & Director | 1M | — |
| Joanna Kay | Chief Legal Officer & Corporate Secretary | 975.4K | female |
| Thomas Haffenden | Chief Human Resources Officer | 448.4K | male |
| Tom Haffenden | Chief Human Resources Officer | 448.4K | male |
| Shahin Amini | Head of Investor Relations & Communications | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
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Community Opinion for MER.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
