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Methanex Stock Price, News & Analysis (NASDAQ:MEOH)

$42.69
+0.15 (+0.35%)
(As of 11/30/2023 ET)
Compare
Today's Range
$42.35
$43.12
50-Day Range
$39.24
$45.77
52-Week Range
$35.46
$54.83
Volume
224,255 shs
Average Volume
291,375 shs
Market Capitalization
$2.88 billion
P/E Ratio
16.74
Dividend Yield
1.73%
Price Target
$53.75

Methanex MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.9% Upside
$53.75 Price Target
Short Interest
Healthy
1.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.91mentions of Methanex in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
59.04%
From $1.66 to $2.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.47 out of 5 stars

Basic Materials Sector

1st out of 165 stocks

Industrial Organic Chemicals Industry

1st out of 20 stocks


MEOH stock logo

About Methanex Stock (NASDAQ:MEOH)

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

MEOH Stock Price History

MEOH Stock News Headlines

Methanex: Long-Term Promise, Near-Term Uncertainty
Why Is Methanex (MEOH) Up 5.6% Since Last Earnings Report?
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
3 Diversified Chemical Stocks to Watch Amid Demand Worries
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Methanex (MEOH) Q3 Earnings and Revenues Top Estimates
Methanex Reports Third Quarter 2023 Results
Earnings Preview: Methanex
Methanex Is Having Trouble Lighting Up
Methanex (MEOH) Stock Jumps 5.6%: Will It Continue to Soar?
Methanex (MEOH) Gets a Hold from RBC Capital
See More Headlines
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Company Calendar

Ex-Dividend for 9/30 Dividend
9/14/2023
Dividend Payable
9/30/2023
Last Earnings
10/25/2023
Today
11/30/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/01/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Current Symbol
NASDAQ:MEOH
Employees
1,410
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$53.75
High Stock Price Target
$65.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+25.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$353.83 million
Pretax Margin
8.08%

Debt

Sales & Book Value

Annual Sales
$4.31 billion
Cash Flow
$10.54 per share
Book Value
$34.13 per share

Miscellaneous

Free Float
66,703,000
Market Cap
$2.88 billion
Optionable
Optionable
Beta
1.55

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Key Executives

  • Mr. Richard W. Sumner (Age 48)
    President, CEO & Director
    Comp: $1M
  • Mr. Dean Richardson
    Senior VP of Finance & Chief Financial Officer
  • Sarah Herriott
    Director of Investor Relations
  • Mr. Kevin Price
    Senior VP, General Counsel & Corporate Secretary
  • Mr. Kevin M. Maloney
    Senior Vice President of Corporate Development
  • Ms. Karine Delbarre
    Senior Vice President of Marketing & Logistics
  • Mr. Bradley W. Boyd
    Senior Vice President of Corporate Resources
  • Mark Allard
    Senior Vice President of Low Carbon Solutions
  • Mr. Gustavo Parra
    Senior Vice President of Manufacturing
  • Rawle Ramlochan
    Plant Manager














MEOH Stock Analysis - Frequently Asked Questions

Should I buy or sell Methanex stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MEOH shares.
View MEOH analyst ratings
or view top-rated stocks.

What is Methanex's stock price target for 2024?

12 equities research analysts have issued twelve-month target prices for Methanex's stock. Their MEOH share price targets range from $45.00 to $65.00. On average, they anticipate the company's share price to reach $53.75 in the next year. This suggests a possible upside of 25.9% from the stock's current price.
View analysts price targets for MEOH
or view top-rated stocks among Wall Street analysts.

How have MEOH shares performed in 2023?

Methanex's stock was trading at $37.86 at the start of the year. Since then, MEOH shares have increased by 12.8% and is now trading at $42.69.
View the best growth stocks for 2023 here
.

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MEOH earnings forecast
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) issued its quarterly earnings data on Wednesday, October, 25th. The specialty chemicals company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.10. The specialty chemicals company earned $823 million during the quarter, compared to analyst estimates of $754.57 million. Methanex had a net margin of 4.80% and a trailing twelve-month return on equity of 7.21%. The company's revenue for the quarter was down 18.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS.

How often does Methanex pay dividends? What is the dividend yield for Methanex?

Methanex announced a quarterly dividend on Thursday, November 16th. Shareholders of record on Friday, December 15th will be given a dividend of $0.185 per share on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for MEOH
.

Is Methanex a good dividend stock?

Methanex (NASDAQ:MEOH) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.77%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 28.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEOH.

What other stocks do shareholders of Methanex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Methanex investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), AT&T (T), Micron Technology (MU), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD) and NIC (EGOV).

Who are Methanex's major shareholders?

Methanex's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (7.41%), Connor Clark & Lunn Investment Management Ltd. (1.56%), Mackenzie Financial Corp (1.10%), Becker Capital Management Inc. (0.80%), Boston Partners (0.60%) and TD Asset Management Inc (0.57%).

How do I buy shares of Methanex?

Shares of MEOH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:MEOH) was last updated on 11/30/2023 by MarketBeat.com Staff

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