Sergio Almarza Sells 4,500 Shares of Methanex (TSE:MX) Stock

Key Points

• Sergio Almarza sold 4,500 shares of Methanex on May 6 at an average price of C$86.06 for total proceeds of C$387,270, leaving him with 11,570 shares (a 28% reduction in his position).
• The stock traded down C$4.16 to C$85.39 on the day, sits above its 50‑day (C$77.98) and 200‑day (C$64.29) moving averages, and the company has a market cap of C$6.61 billion with a 12‑month range of C$43.27–C$92.97.
• Methanex reported C($0.19) EPS for the most recent quarter and carries negative margins, while analysts show mixed views: a consensus rating of "Moderate Buy" and an average price target of C$50.00 after several downgrades.

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH insider Sergio Almarza sold 4,500 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$86.06, for a total value of C$387,270.00. Following the completion of the transaction, the insider owned 11,570 shares in the company, valued at C$995,714.20. This trade represents a 28.00% decrease in their position.

Sergio Almarza also recently made the following trade(s):

• On Wednesday, May 6th, Sergio Almarza sold 1,000 shares of Methanex stock. The stock was sold at an average price of C$86.24, for a total value of C$86,240.00.

Methanex Price Performance

Shares of TSE:MX traded down C$4.16 during trading on Wednesday, hitting C$85.39. 126,926 shares of the stock were exchanged, compared to its average volume of 340,701. The company has a fifty day moving average price of C$77.98 and a two-hundred day moving average price of C$64.29. The company has a market cap of C$6.61 billion, a PE ratio of -116.97, a P/E/G ratio of 0.44 and a beta of 0.65. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. Methanex Co. has a 12-month low of C$43.27 and a 12-month high of C$92.97.

Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last posted its earnings results on Thursday, March 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company had revenue of C$1.28 billion during the quarter. Methanex had a negative net margin of 1.26% and a negative return on equity of 1.84%. On average, analysts forecast that Methanex Co. will post 5.9482927 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MX shares. Raymond James Financial downgraded Methanex from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce downgraded Methanex from a "strong-buy" rating to a "hold" rating in a report on Friday, February 6th. Royal Bank Of Canada cut shares of Methanex from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 1st. Finally, Scotiabank increased their price target on shares of Methanex from C$48.00 to C$60.00 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Methanex presently has a consensus rating of "Moderate Buy" and an average price target of C$50.00.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.

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