NASDAQ:MEOH - Methanex Stock Price, Forecast & News

Methanex trades on the NASDAQ under the ticker symbol "MEOH."

Methanex announced a quarterly dividend on Thursday, November 21st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.36 per share on Tuesday, December 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, December 16th. View Methanex's Dividend History.

Methanex declared that its board has initiated a share buyback plan on Tuesday, March 6th 2018, which authorizes the company to repurchase 6,590,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Methanex Co. (NASDAQ:MEOH) issued its quarterly earnings data on Wednesday, October, 30th. The specialty chemicals company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.31. The specialty chemicals company earned $650 million during the quarter, compared to analysts' expectations of $634.75 million. Methanex had a net margin of 7.73% and a return on equity of 8.64%. The business's quarterly revenue was down 37.7% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. View Methanex's Earnings History.

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Methanex.

Methanex will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

13 brokers have issued 12 month target prices for Methanex's stock. Their forecasts range from $26.00 to $69.00. On average, they anticipate Methanex's share price to reach $46.92 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View Analyst Price Targets for Methanex.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

News stories about MEOH stock have been trending positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Methanex earned a news sentiment score of 2.2 on InfoTrie's scale. They also assigned press coverage about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Methanex.

Methanex saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,870,000 shares, an increase of 10.0% from the December 15th total of 1,700,000 shares. Based on an average daily trading volume, of 356,100 shares, the short-interest ratio is presently 5.3 days. Currently, 2.5% of the shares of the stock are sold short. View Methanex's Current Options Chain.

Some companies that are related to Methanex include Westlake Chemical (WLK), Braskem (BRKMY), Banco Bradesco (BAK), NewMarket (NEU), Landstar (LDSR), Sensient Technologies (SXT), Codexis (CDXS), Renewable Energy Group (REGI), Westlake Chemical Partners (WLKP), FutureFuel (FF), REX American Resources (REX), Green Plains (GPRE), Green Plains Partners (GPP), Amyris (AMRS) and Solarwindow Technologies (WNDW).

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), NIC (EGOV), Allergan (AGN), Athabasca Oil (ATH), Micron Technology (MU), Workday (WDAY) and Transocean (RIG).

Methanex's stock is owned by a number of of institutional and retail investors. Top institutional investors include Ingalls & Snyder LLC (0.24%), Winmill & CO. Inc. (0.07%), Janney Montgomery Scott LLC (0.01%), Burke & Herbert Bank & Trust Co. (0.01%) and Hexavest Inc. (0.01%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Winmill & CO. Inc. and Ingalls & Snyder LLC.

MEOH stock was bought by a variety of institutional investors in the last quarter, including Janney Montgomery Scott LLC, Burke & Herbert Bank & Trust Co. and Hexavest Inc..

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

One share of MEOH stock can currently be purchased for approximately $40.16.

Methanex has a market capitalization of $3.06 billion and generates $3.93 billion in revenue each year. The specialty chemicals company earns $568.98 million in net income (profit) each year or $6.86 on an earnings per share basis. Methanex employs 1,426 workers across the globe.View Additional Information About Methanex.

The official website for Methanex is http://www.methanex.com/.

Methanex's mailing address is 1800 WATERFRONT CENTER 200 BURRARD STREET, VANCOUVER A1, V6C 3M1. The specialty chemicals company can be reached via phone at 604-661-2600 or via email at [email protected]