Methanex (MEOH) Stock Price, News & Analysis $43.24 +0.51 (+1.19%) (As of 02:03 PM ET) Add Compare Share Share Today's Range$42.47▼$43.3850-Day Range$39.24▼$45.0752-Week Range$35.46▼$54.83Volume63,888 shsAverage Volume287,597 shsMarket Capitalization$2.91 billionP/E Ratio16.96Dividend Yield1.71%Price Target$53.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Methanex MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside24.6% Upside$53.75 Price TargetShort InterestHealthy1.66% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.06Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth59.04%From $1.66 to $2.64 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.09 out of 5 starsBasic Materials Sector1st out of 170 stocksIndustrial Organic Chemicals Industry1st out of 19 stocks 3.3 Analyst's Opinion Consensus RatingMethanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $53.75, Methanex has a forecasted upside of 24.6% from its current price of $43.14.Amount of Analyst CoverageMethanex has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.66% of the float of Methanex has been sold short.Short Interest Ratio / Days to CoverMethanex has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Methanex has recently decreased by 11.90%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMethanex pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMethanex has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Methanex is 29.02%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Methanex will have a dividend payout ratio of 28.03% next year. This indicates that Methanex will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEOH. Previous Next 3.4 News and Social Media Coverage News SentimentMethanex has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Methanex this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for MEOH on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added Methanex to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Methanex insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Methanex is held by insiders.Percentage Held by Institutions71.00% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Methanex are expected to grow by 59.04% in the coming year, from $1.66 to $2.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Methanex is 16.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Methanex is 16.92, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 86.54.Price to Book Value per Share RatioMethanex has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More MEOH Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEOH Stock News HeadlinesDecember 11, 2023 | americanbankingnews.comMethanex Co. (NASDAQ:MEOH) Receives Average Recommendation of "Moderate Buy" from AnalystsDecember 8, 2023 | finance.yahoo.comWhy Fast-paced Mover Methanex (MEOH) Is a Great Choice for Value InvestorsDecember 11, 2023 | Edge On The Street (Ad)Is This The Most Overlooked Gold Investment Strategy of 2024?There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.December 7, 2023 | nz.finance.yahoo.comMethanex Corporation (MEOH) stock historical prices & data – Yahoo FinanceDecember 6, 2023 | finance.yahoo.comHere's Why Should You Add Methanex (MEOH) to Your PortfolioDecember 6, 2023 | finance.yahoo.comHow Much Upside is Left in Methanex (MEOH)? Wall Street Analysts Think 25.6%December 3, 2023 | americanbankingnews.comRoyal Bank of Canada Reiterates Sector Perform Rating for Methanex (NASDAQ:MEOH)December 2, 2023 | benzinga.comMethanex Stock (NASDAQ:MEOH), Analyst Ratings, Price Targets, PredictionsDecember 11, 2023 | Edge On The Street (Ad)The Battery Metal Nobody Told You AboutAccording to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. 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November 28, 2023 | seekingalpha.comMethanex: Long-Term Promise, Near-Term UncertaintyNovember 24, 2023 | finance.yahoo.comWhy Is Methanex (MEOH) Up 5.6% Since Last Earnings Report?November 13, 2023 | finance.yahoo.comCan Methanex (MEOH) Climb 25.93% to Reach the Level Wall Street Analysts Expect?November 10, 2023 | finance.yahoo.com3 Diversified Chemical Stocks to Watch Amid Demand WorriesNovember 2, 2023 | tmcnet.comGreen Methanol Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028FOctober 27, 2023 | finanznachrichten.deMethanex Corporation: Methanex Reports Third Quarter 2023 ResultsOctober 27, 2023 | finance.yahoo.comMethanex Corporation (NASDAQ:MEOH) Q3 2023 Earnings Call TranscriptOctober 25, 2023 | finance.yahoo.comMethanex (MEOH) Q3 Earnings and Revenues Top EstimatesOctober 25, 2023 | finance.yahoo.comMethanex (MEOH) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesOctober 25, 2023 | benzinga.comMethanex Reports Third Quarter 2023 ResultsOctober 24, 2023 | benzinga.comEarnings Preview: MethanexOctober 23, 2023 | finance.yahoo.comMethanol Market to grow by USD 6.13 billion from 2022 to 2027- TechnavioOctober 18, 2023 | finance.yahoo.comMethanex (MEOH) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 ReleaseOctober 16, 2023 | finance.yahoo.comGlobal Methanol Industry Report 2023-2028 - Focus on Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA, Acetic Acid, DME, BiodieselOctober 13, 2023 | finance.yahoo.comRevealing Methanex (MEOH)'s True Worth: A Comprehensive Guide to Its Market ValueOctober 13, 2023 | finance.yahoo.comMethanex Corporation Provides Update on Trinidad and Tobago OperationsOctober 2, 2023 | realmoney.thestreet.comMethanex Is Having Trouble Lighting UpSeptember 28, 2023 | finance.yahoo.com$41+ Billion Global Methanol Market is Expected to Grow at a CAGR of over 4.1% During 2023-2030 | Vantage Market ResearchSee More Headlines Receive MEOH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/30 Dividend9/14/2023Dividend Payable9/30/2023Last Earnings10/25/2023Today12/11/2023Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/01/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Industrial organic chemicals Sub-IndustryN/A SectorBasic Materials Current SymbolNASDAQ:MEOH CUSIPN/A CIK886977 Webwww.methanex.com Phone(604) 661-2600Fax604-661-2676Employees1,410Year Founded1968Price Target and Rating Average Stock Price Target$53.75 High Stock Price Target$65.00 Low Stock Price Target$45.00 Potential Upside/Downside+24.6%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$2.55 Trailing P/E Ratio16.92 Forward P/E Ratio25.99 P/E GrowthN/ANet Income$353.83 million Net Margins4.80% Pretax Margin8.08% Return on Equity7.21% Return on Assets2.59% Debt Debt-to-Equity Ratio0.93 Current Ratio1.64 Quick Ratio1.18 Sales & Book Value Annual Sales$3.79 billion Price / Sales0.77 Cash Flow$10.57 per share Price / Cash Flow4.08 Book Value$35.06 per share Price / Book1.23Miscellaneous Outstanding Shares67,377,000Free Float66,703,000Market Cap$2.91 billion OptionableOptionable Beta1.51 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Richard W. Sumner (Age 48)President, CEO & Director Comp: $1MMr. Dean RichardsonSenior VP of Finance & Chief Financial OfficerSarah HerriottDirector of Investor RelationsMr. Kevin PriceSenior VP, General Counsel & Corporate SecretaryMr. Kevin M. MaloneySenior Vice President of Corporate DevelopmentMs. Karine DelbarreSenior Vice President of Marketing & LogisticsMr. Bradley W. BoydSenior Vice President of Corporate ResourcesMark AllardSenior Vice President of Low Carbon SolutionsMr. Gustavo ParraSenior Vice President of ManufacturingRawle RamlochanPlant ManagerMore ExecutivesKey CompetitorsRenewable Energy GroupNASDAQ:REGISensient TechnologiesNYSE:SXTGreen PlainsNASDAQ:GPREWestlake Chemical PartnersNYSE:WLKPNewMarketNYSE:NEUView All CompetitorsInstitutional OwnershipCitigroup Inc.Bought 1,158 shares on 12/6/2023Ownership: 0.006%Wellington Management Group LLPSold 167,635 shares on 12/1/2023Ownership: 5.873%American Century Companies Inc.Bought 31,950 shares on 11/30/2023Ownership: 0.471%Walleye Capital LLCSold 7,308 shares on 11/21/2023Ownership: 0.011%Walleye Trading LLCSold 200 shares on 11/21/2023Ownership: 0.000%View All Institutional Transactions 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 brokers have issued 1 year price targets for Methanex's shares. 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 twelve months. This suggests a possible upside of 24.6% 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 beginning of 2023. Since then, MEOH stock has increased by 13.9% and is now trading at $43.14. 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) posted its quarterly earnings data on Wednesday, October, 25th. The specialty chemicals company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.10. The specialty chemicals company earned $823 million during the quarter, compared to analysts' expectations of $754.57 million. Methanex had a net margin of 4.80% and a trailing twelve-month return on equity of 7.21%. The firm's revenue was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. How often does Methanex pay dividends? What is the dividend yield for Methanex? Methanex declared a quarterly dividend on Wednesday, November 15th. Investors of record on Friday, December 15th will be paid a dividend of $0.185 per share on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend 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 1.76%. 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%), Wellington Management Group LLP (5.87%), Connor Clark & Lunn Investment Management Ltd. (1.56%), Mackenzie Financial Corp (1.10%), Becker Capital Management Inc. (0.80%) and Boston Partners (0.60%). 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. 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