Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Commodity Chemicals - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:MEOH
- CUSIP: N/A
- Web: www.methanex.com
- Market Cap: $3.88 billion
- Outstanding Shares: 88,297,000
- 50 Day Moving Avg: $42.41
- 200 Day Moving Avg: $45.88
- 52 Week Range: $26.83 - $53.35
Sales & Book Value:
- Trailing P/E Ratio: 27.73
- Foreward P/E Ratio: 10.83
- P/E Growth: 0.72
- Annual Revenue: $2.37 billion
- Price / Sales: 1.64
- Book Value: $18.60 per share
- Price / Book: 2.36
- Annual Dividend: $1.20
- Dividend Yield: 2.4%
- EBIDTA: $443.93 million
- Net Margins: 6.01%
- Return on Equity: 7.04%
- Return on Assets: 2.85%
- Debt-to-Equity Ratio: 0.79%
- Current Ratio: 1.81%
- Quick Ratio: 1.28%
- Average Volume: 895,648 shs.
- Beta: 1.75
- Short Ratio: 7.27
Frequently Asked Questions for Methanex Corporation (NASDAQ:MEOH)
What is Methanex Corporation's stock symbol?
Methanex Corporation trades on the NASDAQ under the ticker symbol "MEOH."
How often does Methanex Corporation pay dividends? What is the dividend yield for Methanex Corporation?
Methanex Corporation announced a quarterly dividend on Friday, April 28th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.30 per share on Friday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from Methanex Corporation's previous quarterly dividend of $0.28. View Methanex Corporation's Dividend History.
How will Methanex Corporation's stock buyback program work?
Methanex Corporation declared that its Board of Directors has initiated a stock repurchase plan on Thursday, April 6th 2017, which authorizes the company to buyback 4,490,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.
How were Methanex Corporation's earnings last quarter?
Methanex Corporation (NASDAQ:MEOH) posted its quarterly earnings results on Wednesday, April, 26th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.38 by $0.18. The firm earned $810 million during the quarter, compared to analyst estimates of $833.32 million. Methanex Corporation had a return on equity of 7.04% and a net margin of 6.01%. The firm's revenue was up 86.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) earnings per share. View Methanex Corporation's Earnings History.
Where is Methanex Corporation's stock going? Where will Methanex Corporation's stock price be in 2017?
11 brokerages have issued 12 month target prices for Methanex Corporation's shares. Their predictions range from $36.00 to $80.00. On average, they anticipate Methanex Corporation's stock price to reach $58.45 in the next twelve months. View Analyst Ratings for Methanex Corporation.
What are analysts saying about Methanex Corporation stock?
Here are some recent quotes from research analysts about Methanex Corporation stock:
- 1. According to Zacks Investment Research, "Estimates for the current year earnings of Methanex have been going down lately. The company has outperformed the Zacks categorized Chemicals-Diversified industry over the past six months. Methanex should gain from healthy demand fundamentals for methanol. We are also optimistic about its Louisiana project, which is expected to create significant value for shareholders and meaningfully contribute to cash generation. The company also remains committed to boost shareholder returns. However, Methanex is still exposed to a volatile methanol pricing environment. Moreover, it continues to face headwinds due to curtailment of gas supply. Production outages are also affecting its operations." (5/23/2017)
- 2. Cowen and Company analysts commented, "We see a significant increase in MEOH share value over the next two years should the company choose to execute, on the suggestion of its largest shareholder, a more aggressive approach toward share repurchase. This would push repurchase to the limits of its FCF until its value per share better reflects methanol replacement costs of about $1,100/mt." (3/28/2017)
- 3. Jefferies Group LLC analysts commented, "Methanol prices settled sharply higher again, in sharp contrast to relatively cautious investor sentiment. Given an expected average FCF yield before dividends of 10% over the next several years, we continue to expect the next fundamental catalysts for Methanex shares to be decisions this summer on the cadence of buybacks and appetite for investing in new capacity... North America methanol prices have settled at $499/t and Asia prices at $500/t. Pricing continues to settle higher than we expected, and supports the argument that Asia demand is coming in stronger than we had initially expected for this year, rather than pricing simply being distorted by inventory dynamics. At current levels, we believe demand destruction is a more significant risk, particularly for 2H17. Prices should retreat into 2018 as new supply enters the market." (2/27/2017)
Are investors shorting Methanex Corporation?
Methanex Corporation saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 6,977,120 shares, an increase of 13.5% from the May 15th total of 6,149,892 shares. Based on an average daily volume of 951,264 shares, the days-to-cover ratio is currently 7.3 days.
Who are some of Methanex Corporation's key competitors?
Some companies that are related to Methanex Corporation include Chemours Company (The) (CC), NewMarket Corporation (NEU), Olin Corporation (OLN), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Innophos Holdings (IPHS), A. Schulman (SHLM), Koppers Holdings (KOP), Calgon Carbon Corporation (CCC), Westlake Chemical Partners LP (WLKP), CSW Industrials (CSWI), UFP Technologies (UFPT), Enzymotec (ENZY), Zotefoams plc (ZTF), Applied Graphene Materials PLC (AGM), Airgas (ARG), Axiall Corp (AXLL) and Axiall Corp (GGC).
Who are Methanex Corporation's key executives?
Methanex Corporation's management team includes the folowing people:
- Thomas M. Hamilton Ph.D., Independent Chairman of the Board
- John Floren, President, Chief Executive Officer, Director
- Ian P. Cameron, Chief Financial Officer, Senior Vice President - Finance
- Kevin L. Henderson, Senior Vice President of Marketing
- Vanessa L. James, Senior Vice President - Global Marketing and Logistics
- Wendy L. Bach, Senior Vice President - Corporate Resources
- Michael J. Herz, Senior Vice President - Corporate Development
- Douglas James Arnell, Director
- Bruce M. Aitken, Independent Director
- Howard Robert Balloch, Independent Director
Who owns Methanex Corporation stock?
Methanex Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (7.72%), Boston Partners (4.54%), FMR LLC (3.72%), Bank of New York Mellon Corp (2.92%), Vanguard Group Inc. (2.22%) and Neuberger Berman Group LLC (1.47%). View Institutional Ownership Trends for Methanex Corporation.
Who sold Methanex Corporation stock? Who is selling Methanex Corporation stock?
Methanex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Bank of New York Mellon Corp, FIL Ltd, Great West Life Assurance Co. Can, AGF Investments Inc., OppenheimerFunds Inc., JPMorgan Chase & Co. and Swiss National Bank. View Insider Buying and Selling for Methanex Corporation.
Who bought Methanex Corporation stock? Who is buying Methanex Corporation stock?
Methanex Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, FMR LLC, Morgan Stanley, AQR Capital Management LLC, Addenda Capital Inc., Renaissance Technologies LLC, Ameriprise Financial Inc. and Karp Capital Management Corp. View Insider Buying and Selling for Methanex Corporation.
How do I buy Methanex Corporation stock?
Shares of Methanex Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Methanex Corporation's stock price today?
MarketBeat Community Rating for Methanex Corporation (NASDAQ MEOH)MarketBeat's community ratings are surveys of what our community members think about Methanex Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Methanex Corporation stock can currently be purchased for approximately $43.95.
Consensus Ratings for Methanex Corporation (NASDAQ:MEOH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 3 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.55)|
|Consensus Price Target: ||$58.45 (33.00% upside)|
Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
(Data available from 6/28/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/1/2017||Citigroup Inc.||Reiterated Rating||Neutral||$50.00 -> $45.00||Low|
|5/15/2017||Jefferies Group LLC||Reiterated Rating||Buy||$60.00||Medium|
|5/10/2017||Sanford C. Bernstein||Initiated Coverage||Underperform||$36.00||Medium|
|5/3/2017||Scotiabank||Reiterated Rating||Sector Perform||$72.00||Medium|
|4/28/2017||Royal Bank Of Canada||Lower Price Target||Sector Perform||$57.00 -> $54.00||Low|
|4/28/2017||TD Securities||Upgrade||Hold -> Buy||$53.00 -> $56.00||High|
|4/27/2017||BMO Capital Markets||Reiterated Rating||Buy||$57.00||High|
|4/17/2017||Monness Crespi & Hardt||Upgrade||Neutral -> Buy||$67.00||High|
|4/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform||$80.00||Low|
|4/4/2017||Cowen and Company||Reiterated Rating||Outperform||$60.00||Medium|
|3/29/2017||CIBC||Upgrade||Sector Perform -> Sector Outperform||$45.00 -> $56.00||High|
|9/21/2015||Howard Weil||Initiated Coverage||Outperform||N/A|
Earnings History for Methanex Corporation (NASDAQ:MEOH)Earnings History by Quarter for Methanex Corporation (NASDAQ MEOH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2017||Q1||$1.38||$1.56||$833.32 million||$810.00 million||View||N/A|
|1/25/2017||Q416||$0.20||$0.46||$544.94 million||$585.00 million||View||N/A|
|10/26/2016||Q316||($0.21)||($0.01)||$2.09 million||$2.48 million||View||N/A|
|7/27/2016||Q216||($0.27)||($0.34)||$422.82 million||$468.00 million||View||N/A|
|10/28/2015||Q315||$0.28||$0.54||$641.40 million||$527.00 million||View||Listen|
|7/29/2015||Q215||$0.75||$0.52||$639.19 million||$637.80 million||View||Listen|
|4/29/2015||Q115||$0.50||$0.09||$612.54 million||$576.74 million||View||N/A|
|1/28/2015||Q414||$0.93||$1.11||$740.77 million||$733.50 million||View||N/A|
|10/29/2014||Q314||$0.65||$0.54||$685.80 million||$730.00 million||View||N/A|
|7/30/2014||Q2 2014||$1.02||$1.01||$822.40 million||$791.31 million||View||N/A|
|4/29/2014||Q1 2014||$1.84||$1.50||$1.00 billion||$968.48 million||View||N/A|
Earnings Estimates for Methanex Corporation (NASDAQ:MEOH)
2017 EPS Consensus Estimate: $2.89
2018 EPS Consensus Estimate: $4.70
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Methanex Corporation (NASDAQ:MEOH)
|Payout Ratio:||75.47% (Trailing 12 Months of Earnings) |
26.49% (Based on This Year's Estimates)
29.56% (Based on Next Year's Estimates)
Dividend History by Quarter for Methanex Corporation (NASDAQ MEOH)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Methanex Corporation (NASDAQ:MEOH)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Methanex Corporation (NASDAQ:MEOH)
Latest Headlines for Methanex Corporation (NASDAQ:MEOH)
|$1.21 EPS Expected for Methanex Corporation (MEOH) This Quarter|
www.americanbankingnews.com - June 27 at 12:14 PM
|Methanex Corporation (MEOH) to Post Q2 2017 Earnings of $1.09 Per Share, Jefferies Group Forecasts|
www.americanbankingnews.com - June 22 at 7:34 AM
|Jefferies Group Weighs in on Methanex Corporation's FY2017 Earnings (MEOH)|
www.americanbankingnews.com - June 21 at 9:20 AM
|Methanex Corporation (MEOH) & Axiall Corp (AXLL) Head-To-Head Review|
www.americanbankingnews.com - June 18 at 7:24 AM
|Methanex Corporation (MEOH) Upgraded to Buy at ValuEngine|
www.americanbankingnews.com - June 17 at 8:34 AM
|Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for June 14, 2017 - Nasdaq|
www.nasdaq.com - June 14 at 9:57 PM
|Methanex Corporation (MEOH) Stock Rating Upgraded by BidaskClub|
www.americanbankingnews.com - June 14 at 7:20 PM
|Short Interest in Methanex Co. (MEOH) Grows By 13.5%|
www.americanbankingnews.com - June 14 at 7:10 AM
|Ex-Dividend Reminders Include AVX Corporation (AVX) and Methanex Corporation (USA) (MEOH)|
investorplace.com - June 12 at 5:34 PM
|Methanex Co. (MEOH) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - June 9 at 7:46 AM
|Methanex's (MEOH) Neutral Rating Reaffirmed at Citigroup Inc|
www.americanbankingnews.com - June 1 at 6:40 PM
|Zacks: Brokerages Anticipate Methanex Co. (MEOH) Will Post Earnings of $1.08 Per Share|
www.americanbankingnews.com - June 1 at 10:28 AM
|FY2017 EPS Estimates for Methanex Co. (MEOH) Reduced by Jefferies Group|
www.americanbankingnews.com - June 1 at 10:08 AM
|Q2 2017 EPS Estimates for Methanex Co. Decreased by Jefferies Group (MEOH)|
www.americanbankingnews.com - May 31 at 7:24 AM
|Methanex Co. (MEOH) Lowered to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - May 23 at 12:36 PM
|Zacks.com featured highlights: Methanex, POSCO, Mobile TeleSystems OJSC and Western Digital|
finance.yahoo.com - May 17 at 6:28 PM
|Methanex Co. (MEOH) Given "Buy" Rating at Jefferies Group LLC|
www.americanbankingnews.com - May 15 at 9:34 PM
|Methanex Co. (MEOH) Given Average Rating of "Buy" by Brokerages|
www.americanbankingnews.com - May 15 at 9:42 AM
|Methanex to Present at BMO Capital Markets 12th Annual Farm to Market Conference|
finance.yahoo.com - May 10 at 6:33 PM
|Sanford C. Bernstein Initiates Coverage on Methanex Co. (MEOH)|
www.americanbankingnews.com - May 10 at 5:20 PM
|Kronos Worldwide (KRO) Q1 Earnings, Sales Trump Estimates|
finance.yahoo.com - May 10 at 12:31 PM
|Zacks: Brokerages Expect Methanex Co. (MEOH) Will Post Earnings of $0.90 Per Share|
www.americanbankingnews.com - May 8 at 9:50 AM
|Methanex Co. (MEOH) Upgraded at TheStreet|
www.americanbankingnews.com - May 6 at 11:14 PM
|Top Ranked Value Stocks to Buy for May 4th|
finance.yahoo.com - May 4 at 11:41 AM
|ETFs with exposure to Methanex Corp. : May 1, 2017|
finance.yahoo.com - May 1 at 5:31 PM
|Q1 2018 EPS Estimates for Methanex Co. Cut by Analyst (MEOH)|
www.americanbankingnews.com - May 1 at 12:31 PM
|Methanex Co. (MEOH) Receives "Buy" Rating from BMO Capital Markets|
www.americanbankingnews.com - April 30 at 9:11 PM
|Methanex (MEOH) Receiving Favorable Press Coverage, Analysis Shows|
www.americanbankingnews.com - April 29 at 9:56 PM
|Methanex Co. (MEOH) PT Lowered to $54.00 at Royal Bank of Canada|
www.americanbankingnews.com - April 29 at 10:06 AM
|Methanex Co. (MEOH) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - April 29 at 1:21 AM
|Methanex Co. (MEOH) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - April 29 at 12:34 AM
|Methanex Co. (MEOH) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - April 29 at 12:10 AM
|Methanex Co. (MEOH) Increases Dividend to $0.30 Per Share|
www.americanbankingnews.com - April 28 at 11:54 PM
|Methanex Co. (MEOH) Announces Earnings Results|
www.americanbankingnews.com - April 28 at 11:14 PM
|Methanex Corp. :MEOH-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017|
finance.yahoo.com - April 28 at 7:25 PM
|Methanex Reports on Annual and Special Meeting of Shareholders|
finance.yahoo.com - April 28 at 7:25 PM
|Methanex Co. (MEOH) Rating Increased to Buy at TD Securities|
www.americanbankingnews.com - April 28 at 9:24 AM
|Investor Network: Methanex Corporation to Host Earnings Call|
finance.yahoo.com - April 27 at 7:03 PM
|Methanex Corporation-Notice of Cash Dividend|
finance.yahoo.com - April 27 at 7:03 PM
|Methanex Co. (MEOH) PT Set at $53.00 by Scotiabank|
www.americanbankingnews.com - April 27 at 3:14 PM
|LyondellBasell (LYB) Q1 Earnings: What's in the Cards?|
finance.yahoo.com - April 26 at 6:51 PM
|Methanex Reports Higher First Quarter 2017 Earnings and Increases Dividend by 9%|
finance.yahoo.com - April 26 at 6:51 PM
|Methanex (MEOH) Getting Favorable News Coverage, Analysis Shows|
www.americanbankingnews.com - April 26 at 4:04 PM
|Chemical Stock Q1 Earnings Slated on Apr 26: AXTA, HUN, MEOH|
finance.yahoo.com - April 25 at 10:14 AM
|Methanex (MEOH) Getting Somewhat Favorable Media Coverage, Study Shows|
www.americanbankingnews.com - April 23 at 8:08 PM
|Methanex Co. (MEOH) Given a $53.00 Price Target by Scotiabank Analysts|
www.americanbankingnews.com - April 21 at 6:38 PM
|Methanex to Webcast Annual and Special Meeting - April 27, 2017|
finance.yahoo.com - April 20 at 6:33 PM
|Methanex Co. (MEOH) Forecasted to Earn Q1 2018 Earnings of $0.83 Per Share|
www.americanbankingnews.com - April 19 at 3:13 PM
|Methanex - Long-Term Opportunity, Or Musical Chairs? - Seeking Alpha|
seekingalpha.com - April 19 at 10:38 AM
|Methanex Co. (MEOH) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - April 19 at 9:35 AM
Methanex Corporation (MEOH) Chart for Wednesday, June, 28, 2017