Methanex Corporation Company Profile (NASDAQ:MEOH)

About Methanex Corporation (NASDAQ:MEOH)

Methanex Corporation logoMethanex 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
Capitalization:
  • Market Cap: $3.88 billion
  • Outstanding Shares: 88,297,000
Average Prices:
  • 50 Day Moving Avg: $42.41
  • 200 Day Moving Avg: $45.88
  • 52 Week Range: $26.83 - $53.35
P/E:
  • Trailing P/E Ratio: 27.73
  • Foreward P/E Ratio: 10.83
  • P/E Growth: 0.72
Sales & Book Value:
  • Annual Revenue: $2.37 billion
  • Price / Sales: 1.64
  • Book Value: $18.60 per share
  • Price / Book: 2.36
Dividend:
  • Annual Dividend: $1.20
  • Dividend Yield: 2.4%
Profitability:
  • EBIDTA: $443.93 million
  • Net Margins: 6.01%
  • Return on Equity: 7.04%
  • Return on Assets: 2.85%
Debt:
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 1.81%
  • Quick Ratio: 1.28%
Misc:
  • 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?

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?

One share of Methanex Corporation stock can currently be purchased for approximately $43.95.


MarketBeat Community Rating for Methanex Corporation (NASDAQ MEOH)
Community Ranking:  2.7 out of 5 ( )
Outperform Votes:  337 (Vote Outperform)
Underperform Votes:  282 (Vote Underperform)
Total Votes:  619
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.

Analyst Ratings

Consensus Ratings for Methanex Corporation (NASDAQ:MEOH) (How are Consensus Ratings Calculated?)
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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/1/2017Citigroup Inc.Reiterated RatingNeutral$50.00 -> $45.00LowView Rating Details
5/15/2017Jefferies Group LLCReiterated RatingBuy$60.00MediumView Rating Details
5/10/2017Sanford C. BernsteinInitiated CoverageUnderperform$36.00MediumView Rating Details
5/3/2017ScotiabankReiterated RatingSector Perform$72.00MediumView Rating Details
4/28/2017Royal Bank Of CanadaLower Price TargetSector Perform$57.00 -> $54.00LowView Rating Details
4/28/2017TD SecuritiesUpgradeHold -> Buy$53.00 -> $56.00HighView Rating Details
4/27/2017BMO Capital MarketsReiterated RatingBuy$57.00HighView Rating Details
4/17/2017Monness Crespi & HardtUpgradeNeutral -> Buy$67.00HighView Rating Details
4/10/2017Raymond James Financial, Inc.Reiterated RatingOutperform$80.00LowView Rating Details
4/4/2017Cowen and CompanyReiterated RatingOutperform$60.00MediumView Rating Details
3/29/2017CIBCUpgradeSector Perform -> Sector Outperform$45.00 -> $56.00HighView Rating Details
9/21/2015Howard WeilInitiated CoverageOutperformN/AView Rating Details
(Data available from 6/28/2015 forward)

Earnings

Earnings History for Methanex Corporation (NASDAQ:MEOH)
Earnings by Quarter for Methanex Corporation (NASDAQ:MEOH)
Earnings History by Quarter for Methanex Corporation (NASDAQ MEOH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017Q1$1.38$1.56$833.32 million$810.00 millionViewN/AView Earnings Details
1/25/2017Q416$0.20$0.46$544.94 million$585.00 millionViewN/AView Earnings Details
10/26/2016Q316($0.21)($0.01)$2.09 million$2.48 millionViewN/AView Earnings Details
7/27/2016Q216($0.27)($0.34)$422.82 million$468.00 millionViewN/AView Earnings Details
10/28/2015Q315$0.28$0.54$641.40 million$527.00 millionViewListenView Earnings Details
7/29/2015Q215$0.75$0.52$639.19 million$637.80 millionViewListenView Earnings Details
4/29/2015Q115$0.50$0.09$612.54 million$576.74 millionViewN/AView Earnings Details
1/28/2015Q414$0.93$1.11$740.77 million$733.50 millionViewN/AView Earnings Details
10/29/2014Q314$0.65$0.54$685.80 million$730.00 millionViewN/AView Earnings Details
7/30/2014Q2 2014$1.02$1.01$822.40 million$791.31 millionViewN/AView Earnings Details
4/29/2014Q1 2014$1.84$1.50$1.00 billion$968.48 millionViewN/AView Earnings Details
1/29/2014Q4$1.51$1.72ViewN/AView Earnings Details
1/31/2013Q412$0.55$0.64$713.48 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Methanex Corporation (NASDAQ:MEOH)
2017 EPS Consensus Estimate: $2.89
2018 EPS Consensus Estimate: $4.70
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$0.43$1.56$0.90
Q2 20175$0.14$1.09$0.70
Q3 20175$0.23$0.92$0.60
Q4 20173$0.66$0.72$0.68
Q1 20181$0.91$0.91$0.91
Q2 20181$1.15$1.15$1.15
Q3 20181$0.93$0.93$0.93
Q4 20181$1.71$1.71$1.71
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Methanex Corporation (NASDAQ:MEOH)
Next Dividend:6/30/2017
Annual Dividend:$1.20
Dividend Yield:2.73%
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 Payments by Quarter for Methanex Corporation (NASDAQ:MEOH)

Dividend History by Quarter for Methanex Corporation (NASDAQ MEOH)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/28/2017quarterly$0.302.61%6/14/20176/16/20176/30/2017
1/27/2017quarterly$0.282.19%3/15/20173/17/20173/31/2017
11/18/2016quarterly$0.282.9%12/14/201612/17/201612/31/2016
7/15/2016quarterly$0.283.74%9/14/20169/16/20169/30/2016
4/29/2016quarterly$0.283.15%6/14/20166/16/20166/30/2016
1/29/2016quarterly$0.284.15%3/15/20163/17/20163/31/2016
11/20/2015quarterly$0.282.98%12/15/201512/17/201512/31/2015
7/17/2015quarterly$0.282.28%9/14/20159/16/20159/30/2015
5/1/2015quarterly$0.281.81%6/12/20156/16/20156/30/2015
1/30/2015quarterly$0.252.27%3/13/20153/17/20153/31/2015
12/1/2014quarterly$0.251.97%12/15/201412/17/201412/31/2014
7/18/2014quarterly$0.251.51%9/12/20149/16/20149/30/2014
4/29/2014quarterly$0.251.61%6/12/20146/16/20146/30/2014
1/30/2014quarterly$0.201.34%3/13/20143/17/20143/31/2014
11/29/2013quarterly$0.201.3%12/13/201312/17/201312/31/2013
7/19/2013quarterly$0.201.76%9/12/20139/16/20139/30/2013
4/25/2013quarterly$0.201.9%6/12/20136/16/20136/30/2013
1/31/2013quarterly$0.192.11%3/13/20133/17/20133/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Methanex Corporation (NASDAQ:MEOH)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Methanex Corporation (NASDAQ:MEOH)
Latest Headlines for Methanex Corporation (NASDAQ:MEOH)
Source:
DateHeadline
americanbankingnews.com logo$1.21 EPS Expected for Methanex Corporation (MEOH) This Quarter
www.americanbankingnews.com - June 27 at 12:14 PM
americanbankingnews.com logoMethanex Corporation (MEOH) to Post Q2 2017 Earnings of $1.09 Per Share, Jefferies Group Forecasts
www.americanbankingnews.com - June 22 at 7:34 AM
americanbankingnews.com logoJefferies Group Weighs in on Methanex Corporation's FY2017 Earnings (MEOH)
www.americanbankingnews.com - June 21 at 9:20 AM
americanbankingnews.com logoMethanex Corporation (MEOH) & Axiall Corp (AXLL) Head-To-Head Review
www.americanbankingnews.com - June 18 at 7:24 AM
americanbankingnews.com logoMethanex Corporation (MEOH) Upgraded to Buy at ValuEngine
www.americanbankingnews.com - June 17 at 8:34 AM
nasdaq.com logoMethanex Corporation (MEOH) Ex-Dividend Date Scheduled for June 14, 2017 - Nasdaq
www.nasdaq.com - June 14 at 9:57 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - June 14 at 7:20 PM
americanbankingnews.com logoShort Interest in Methanex Co. (MEOH) Grows By 13.5%
www.americanbankingnews.com - June 14 at 7:10 AM
investorplace.com logoEx-Dividend Reminders Include AVX Corporation (AVX) and Methanex Corporation (USA) (MEOH)
investorplace.com - June 12 at 5:34 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 9 at 7:46 AM
americanbankingnews.com logoMethanex's (MEOH) Neutral Rating Reaffirmed at Citigroup Inc
www.americanbankingnews.com - June 1 at 6:40 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Methanex Co. (MEOH) Will Post Earnings of $1.08 Per Share
www.americanbankingnews.com - June 1 at 10:28 AM
americanbankingnews.com logoFY2017 EPS Estimates for Methanex Co. (MEOH) Reduced by Jefferies Group
www.americanbankingnews.com - June 1 at 10:08 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Methanex Co. Decreased by Jefferies Group (MEOH)
www.americanbankingnews.com - May 31 at 7:24 AM
americanbankingnews.com logoMethanex Co. (MEOH) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 23 at 12:36 PM
finance.yahoo.com logoZacks.com featured highlights: Methanex, POSCO, Mobile TeleSystems OJSC and Western Digital
finance.yahoo.com - May 17 at 6:28 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given "Buy" Rating at Jefferies Group LLC
www.americanbankingnews.com - May 15 at 9:34 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 15 at 9:42 AM
finance.yahoo.com logoMethanex to Present at BMO Capital Markets 12th Annual Farm to Market Conference
finance.yahoo.com - May 10 at 6:33 PM
americanbankingnews.com logoSanford C. Bernstein Initiates Coverage on Methanex Co. (MEOH)
www.americanbankingnews.com - May 10 at 5:20 PM
finance.yahoo.com logoKronos Worldwide (KRO) Q1 Earnings, Sales Trump Estimates
finance.yahoo.com - May 10 at 12:31 PM
americanbankingnews.com logoZacks: Brokerages Expect Methanex Co. (MEOH) Will Post Earnings of $0.90 Per Share
www.americanbankingnews.com - May 8 at 9:50 AM
americanbankingnews.com logoMethanex Co. (MEOH) Upgraded at TheStreet
www.americanbankingnews.com - May 6 at 11:14 PM
finance.yahoo.com logoTop Ranked Value Stocks to Buy for May 4th
finance.yahoo.com - May 4 at 11:41 AM
finance.yahoo.com logoETFs with exposure to Methanex Corp. : May 1, 2017
finance.yahoo.com - May 1 at 5:31 PM
americanbankingnews.com logoQ1 2018 EPS Estimates for Methanex Co. Cut by Analyst (MEOH)
www.americanbankingnews.com - May 1 at 12:31 PM
americanbankingnews.com logoMethanex Co. (MEOH) Receives "Buy" Rating from BMO Capital Markets
www.americanbankingnews.com - April 30 at 9:11 PM
americanbankingnews.com logoMethanex (MEOH) Receiving Favorable Press Coverage, Analysis Shows
www.americanbankingnews.com - April 29 at 9:56 PM
americanbankingnews.com logoMethanex Co. (MEOH) PT Lowered to $54.00 at Royal Bank of Canada
www.americanbankingnews.com - April 29 at 10:06 AM
americanbankingnews.com logoMethanex Co. (MEOH) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS
www.americanbankingnews.com - April 29 at 1:21 AM
americanbankingnews.com logoMethanex Co. (MEOH) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS
www.americanbankingnews.com - April 29 at 12:34 AM
americanbankingnews.com logoMethanex Co. (MEOH) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS
www.americanbankingnews.com - April 29 at 12:10 AM
americanbankingnews.com logoMethanex Co. (MEOH) Increases Dividend to $0.30 Per Share
www.americanbankingnews.com - April 28 at 11:54 PM
americanbankingnews.com logoMethanex Co. (MEOH) Announces Earnings Results
www.americanbankingnews.com - April 28 at 11:14 PM
finance.yahoo.com logoMethanex Corp. :MEOH-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017
finance.yahoo.com - April 28 at 7:25 PM
finance.yahoo.com logoMethanex Reports on Annual and Special Meeting of Shareholders
finance.yahoo.com - April 28 at 7:25 PM
americanbankingnews.com logoMethanex Co. (MEOH) Rating Increased to Buy at TD Securities
www.americanbankingnews.com - April 28 at 9:24 AM
finance.yahoo.com logoInvestor Network: Methanex Corporation to Host Earnings Call
finance.yahoo.com - April 27 at 7:03 PM
finance.yahoo.com logoMethanex Corporation-Notice of Cash Dividend
finance.yahoo.com - April 27 at 7:03 PM
americanbankingnews.com logoMethanex Co. (MEOH) PT Set at $53.00 by Scotiabank
www.americanbankingnews.com - April 27 at 3:14 PM
finance.yahoo.com logoLyondellBasell (LYB) Q1 Earnings: What's in the Cards?
finance.yahoo.com - April 26 at 6:51 PM
finance.yahoo.com logoMethanex Reports Higher First Quarter 2017 Earnings and Increases Dividend by 9%
finance.yahoo.com - April 26 at 6:51 PM
americanbankingnews.com logoMethanex (MEOH) Getting Favorable News Coverage, Analysis Shows
www.americanbankingnews.com - April 26 at 4:04 PM
finance.yahoo.com logoChemical Stock Q1 Earnings Slated on Apr 26: AXTA, HUN, MEOH
finance.yahoo.com - April 25 at 10:14 AM
americanbankingnews.com logoMethanex (MEOH) Getting Somewhat Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 23 at 8:08 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given a $53.00 Price Target by Scotiabank Analysts
www.americanbankingnews.com - April 21 at 6:38 PM
finance.yahoo.com logoMethanex to Webcast Annual and Special Meeting - April 27, 2017
finance.yahoo.com - April 20 at 6:33 PM
americanbankingnews.com logoMethanex Co. (MEOH) Forecasted to Earn Q1 2018 Earnings of $0.83 Per Share
www.americanbankingnews.com - April 19 at 3:13 PM
seekingalpha.com logoMethanex - Long-Term Opportunity, Or Musical Chairs? - Seeking Alpha
seekingalpha.com - April 19 at 10:38 AM
americanbankingnews.com logoMethanex Co. (MEOH) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 19 at 9:35 AM

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Chart

Methanex Corporation (MEOH) Chart for Wednesday, June, 28, 2017

This page was last updated on 6/28/2017 by MarketBeat.com Staff