Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
SymbolNASDAQ:MEOH
CUSIPN/A
Phone604-661-2600
Debt
Debt-to-Equity Ratio0.83
Current Ratio1.62
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio16.76
Forward P/E Ratio12.30
P/E Growth0.79
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales2.06
Cash Flow$7.8884 per share
Price / Cash10.04
Book Value$20.79 per share
Price / Book3.81
Profitability
EPS (Most Recent Fiscal Year)$4.71
Net Income$316.13 million
Net Margins10.90%
Return on Equity28.64%
Return on Assets10.91%
Miscellaneous
Employees1,357
Outstanding Shares79,480,000
Market Cap$6.10 billion
Methanex (NASDAQ:MEOH) Frequently Asked Questions
What is Methanex's stock symbol?
Methanex trades on the NASDAQ under the ticker symbol "MEOH."
How often does Methanex pay dividends? What is the dividend yield for Methanex?
Methanex declared a quarterly dividend on Monday, July 23rd. Shareholders of record on Sunday, September 16th will be paid a dividend of $0.33 per share on Sunday, September 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, September 13th. View Methanex's Dividend History.
How will Methanex's stock buyback program work?
Methanex declared that its board has approved a share buyback program on Tuesday, March 6th 2018, which permits the company to buyback 6,590,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.
How were Methanex's earnings last quarter?
Methanex Co. (NASDAQ:MEOH) released its quarterly earnings data on Wednesday, July, 25th. The specialty chemicals company reported $1.75 earnings per share for the quarter, meeting the consensus estimate of $1.75. The specialty chemicals company earned $950 million during the quarter, compared to the consensus estimate of $872.10 million. Methanex had a net margin of 10.90% and a return on equity of 28.64%. Methanex's quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. View Methanex's Earnings History.
When is Methanex's next earnings date?
What price target have analysts set for MEOH?
13 brokers have issued 12-month target prices for Methanex's shares. Their predictions range from $44.00 to $90.00. On average, they expect Methanex's share price to reach $74.90 in the next twelve months. This suggests that the stock has a possible downside of 5.4%. View Analyst Price Targets for Methanex.
What is the consensus analysts' recommendation 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, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.
What are Wall Street analysts saying about Methanex stock?
Here are some recent quotes from research analysts about Methanex stock:
- 1. med analysts commented, "We believe the doubling in methanol price from their end-of-2015 lows is warranted and that current pricing levels are sustainable. Our conviction in the sustainability of current methanol pricing rests on four legs: 1) the recent run-up in crude oil/coal prices and the high correlation between crude oil/coal and methanol prices; 2) as much as 7% of global methanol supply experiencing either outages or curtailments, particularly in China; 3) Chinese inventory levels hovering near their three-year lows; and 4) supply risk from Iran mitigated by re-imposition of sanctions on the country. Beyond the near term, we believe investor fears are overblown concerning a potential slackening of global supply/demand fundamentals on the back of the arrival of greenfield methanol capacity." (8/6/2018)
- 2. According to Zacks Investment Research, "Methanex should gain from healthy demand fundamentals for methanol. The wide disparity between the price of crude oil and that of natural gas and coal has resulted in increased use of methanol in energy applications. The Louisiana project is also expected to create significant value for shareholders and meaningfully contribute to cash generation. Moreover, Methanex remains committed to boost shareholder returns. The company has also outperformed the industry it belongs to over a year." (6/12/2018)
Who are some of Methanex's key competitors?
Some companies that are related to Methanex include International Flavors & Fragrances (IFF), Braskem SA ADR Class A (BAK), Westlake Chemical (WLK), NewMarket (NEU), Sensient Technologies (SXT), Renewable Energy Group (REGI), Codexis (CDXS), Westlake Chemical Partners (WLKP), FutureFuel (FF), Green Plains (GPRE), REX American Resources (REX), Green Plains Partners (GPP), Amyris (AMRS), Sino United Worldwide Consolidated (SUIC) and Pacific Ethanol (PEIX).
Who are Methanex's key executives?
Methanex's management team includes the folowing people:
- Mr. John N. Floren, Pres, CEO & Director (Age 59)
- Mr. Ian P. Cameron, Sr. VP of Fin. & CFO
- Mr. Michael J. Herz, Sr. VP of Corp. Devel.
- Ms. Vanessa L. James, Sr. VP of Global Marketing & Logistics
- Kim Campbell, Mang. of Investor Relations
Has Methanex been receiving favorable news coverage?
Media headlines about MEOH stock have been trending somewhat positive on Thursday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Methanex earned a news impact score of 0.18 on Accern's scale. They also gave news stories about the specialty chemicals company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Methanex.
Who are Methanex's major shareholders?
Methanex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Boston Partners (4.62%), Connor Clark & Lunn Investment Management Ltd. (4.36%), Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp (1.25%), TD Asset Management Inc. (0.92%), Great West Life Assurance Co. Can (0.84%) and Fiera Capital Corp (0.83%).
Which major investors are selling Methanex stock?
MEOH stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Scheer Rowlett & Associates Investment Management Ltd., Great West Life Assurance Co. Can, Russell Investments Group Ltd., Becker Capital Management Inc. and Bank of Nova Scotia.
Which major investors are buying Methanex stock?
MEOH stock was purchased by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Janus Henderson Group PLC, Addenda Capital Inc., Strs Ohio, TD Asset Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Montrusco Bolton Investments Inc. and Acadian Asset Management LLC.
How do I buy shares of Methanex?
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, Scottrade, Fidelity and Charles Schwab.
What is Methanex's stock price today?
One share of MEOH stock can currently be purchased for approximately $79.20.
How big of a company is Methanex?
Methanex has a market capitalization of $6.10 billion and generates $3.06 billion in revenue each year. The specialty chemicals company earns $316.13 million in net income (profit) each year or $4.71 on an earnings per share basis. Methanex employs 1,357 workers across the globe.
How can I contact Methanex?
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]
MarketBeat Community Rating for Methanex (NASDAQ MEOH)
MarketBeat's community ratings are surveys of what our community members think about Methanex and other stocks. Vote "Outperform" if you believe MEOH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEOH will underperform the S&P 500 over the long term. You may vote once every thirty days.
