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
Current SymbolNASDAQ:MEOH
Previous Symbol
CUSIPN/A
Phone604-661-2600
Debt
Debt-to-Equity Ratio0.82
Current Ratio1.70
Quick Ratio1.27
Price-To-Earnings
Trailing P/E Ratio11.92
Forward P/E Ratio8.16
P/E Growth0.59
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales1.43
Cash Flow$6.9945 per share
Price / Cash8.03
Book Value$20.79 per share
Price / Book2.70
Profitability
EPS (Most Recent Fiscal Year)$4.71
Net Income$316.13 million
Net Margins12.48%
Return on Equity34.25%
Return on Assets13.00%
Miscellaneous
Employees1,357
Outstanding Shares78,050,000
Market Cap$4.79 billion
OptionableOptionable
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 announced a quarterly dividend on Wednesday, November 14th. Investors of record on Monday, December 17th will be given a dividend of $0.33 per share on Monday, December 31st. This represents a $1.32 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, December 14th. View Methanex's Dividend History.
How will Methanex's stock buyback program work?
Methanex announced that its board has initiated a stock buyback plan on Tuesday, March 6th 2018, which allows the company to buyback 6,590,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.
How were Methanex's earnings last quarter?
Methanex Co. (NASDAQ:MEOH) released its earnings results on Wednesday, October, 24th. The specialty chemicals company reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.99 by $0.07. The specialty chemicals company had revenue of $1.04 billion for the quarter. Methanex had a net margin of 12.48% and a return on equity of 34.25%. View Methanex's Earnings History.
When is Methanex's next earnings date?
What price target have analysts set for MEOH?
14 Wall Street analysts have issued 1-year target prices for Methanex's shares. Their forecasts range from $70.00 to $90.00. On average, they expect Methanex's share price to reach $81.6154 in the next twelve months. This suggests a possible upside of 43.9% from the stock's current price. View Analyst Price Targets for Methanex.
What is the consensus analysts' recommendation for Methanex?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 are raising our 2019 EPS estimate for MEOH, which triggers an uptick in our 12-month target price, to USD85 per share from USD80. We expect the company’s free cash flow yield to average 15.5% over the 2018 through 2022 timeframe and for Methanex to cumulatively generate around 77% of its current market capitalization in free cash, highlighting the shares’ attractiveness at current valuation levels. We are reiterating our Overweight rating on Methanex shares and raising our 12-month target price to USD85 from USD80." (11/5/2018)
- 2. According to Zacks Investment Research, "Earnings estimates for Methanex are going up of late. The company has outperformed the industry it belongs to over a year. Methanex should gain from healthy demand fundamentals for methanol. The Louisiana project is also expected to create significant value for shareholders and contribute to cash generation. Moreover, Methanex is committed to boost shareholder returns. " (10/10/2018)
Has Methanex been receiving favorable news coverage?
Media stories about MEOH stock have been trending positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Methanex earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave media stories about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.
Who are some of Methanex's key competitors?
Some companies that are related to Methanex include International Flavors & Fragrances (IFF), Braskem (BAK), Westlake Chemical (WLK), NewMarket (NEU), Sensient Technologies (SXT), Renewable Energy Group (REGI), Codexis (CDXS), FutureFuel (FF), Westlake Chemical Partners (WLKP), Green Plains (GPRE), REX American Resources (REX), Green Plains Partners (GPP), Sino United Worldwide Consolidated (SUIC), Amyris (AMRS) and CTD (CTDH).
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
Who are Methanex's major shareholders?
Methanex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Connor Clark & Lunn Investment Management Ltd. (4.08%), FIL Ltd (4.00%), AQR Capital Management LLC (3.13%), Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp (1.38%), Neuberger Berman Group LLC (1.18%) and Canada Pension Plan Investment Board (1.04%).
Which institutional investors are selling Methanex stock?
MEOH stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Connor Clark & Lunn Investment Management Ltd., Scheer Rowlett & Associates Investment Management Ltd., Great West Life Assurance Co. Can, Addenda Capital Inc., JPMorgan Chase & Co., JPMorgan Chase & Co. and Allianz Asset Management GmbH.
Which institutional 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, AQR Capital Management LLC, Renaissance Technologies LLC, Deutsche Bank AG, Mackenzie Financial Corp, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Hexavest Inc. and Massachusetts Financial Services Co. MA.
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 $56.72.
How big of a company is Methanex?
Methanex has a market capitalization of $4.79 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.
What is Methanex's official website?
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.
