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Methanex Stock Price, Forecast & Analysis (NASDAQ:MEOH)

$40.38
-0.01 (-0.02 %)
(As of 11/14/2019 12:39 PM ET)
Today's Range
$40.18
Now: $40.38
$40.99
50-Day Range
$33.06
MA: $36.72
$41.62
52-Week Range
$30.25
Now: $40.38
$62.97
Volume22,470 shs
Average Volume408,982 shs
Market Capitalization$3.08 billion
P/E Ratio5.89
Dividend Yield3.49%
Beta1.81
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases 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

Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNASDAQ:MEOH
CUSIPN/A
Phone604-661-2600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.93 billion
Cash Flow$10.17 per share
Book Value$21.94 per share

Profitability

Net Income$568.98 million

Miscellaneous

Employees1,426
Market Cap$3.08 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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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 Thursday, July 18th. Investors of record on Monday, September 16th will be paid a dividend of $0.36 per share on Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 3.57%. The ex-dividend date is Friday, September 13th. View Methanex's Dividend History.

How will Methanex's stock buyback program work?

Methanex declared that its board has authorized a share buyback program on Tuesday, March 6th 2018, which permits the company to buyback 6,590,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) announced its earnings results on Wednesday, October, 30th. The specialty chemicals company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.31. The specialty chemicals company earned $650 million during the quarter, compared to analysts' expectations of $634.75 million. Methanex had a net margin of 7.73% and a return on equity of 8.64%. Methanex's revenue was down 37.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 earnings per share. View Methanex's Earnings History.

When is Methanex's next earnings date?

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Methanex.

What price target have analysts set for MEOH?

14 brokers have issued 1-year price objectives for Methanex's shares. Their forecasts range from $26.00 to $71.00. On average, they expect Methanex's share price to reach $48.92 in the next twelve months. This suggests a possible upside of 21.2% 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 1 sell rating, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

Has Methanex been receiving favorable news coverage?

Media headlines about MEOH stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Methanex earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave headlines about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Methanex.

Are investors shorting Methanex?

Methanex saw a drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,450,000 shares, a drop of 5.2% from the September 30th total of 1,530,000 shares. Based on an average trading volume of 407,900 shares, the short-interest ratio is presently 3.6 days. Currently, 1.9% of the shares of the stock are short sold. View Methanex's Current Options Chain.

Who are some of Methanex's key competitors?

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), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Allergan (AGN).

Who are Methanex's key executives?

Methanex's management team includes the folowing people:
  • Mr. John N. Floren, Pres, CEO & Director (Age 60)
  • 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
  • Mr. Kevin L. Henderson, Sr. VP of Manufacturing

Who are Methanex's major shareholders?

Methanex's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Alberta Investment Management Corp (1.04%), Great West Life Assurance Co. Can (0.71%), Russell Investments Group Ltd. (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Ingalls & Snyder LLC (0.25%) and Systematic Financial Management LP (0.21%).

Which institutional investors are selling Methanex stock?

MEOH stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Massachusetts Financial Services Co. MA, Russell Investments Group Ltd., Alberta Investment Management Corp, Great West Life Assurance Co. Can, Systematic Financial Management LP, Zurcher Kantonalbank Zurich Cantonalbank and Sumitomo Mitsui Trust Holdings Inc..

Which institutional investors are buying Methanex stock?

MEOH stock was purchased by a variety of institutional investors in the last quarter, including Winmill & CO. Inc., Westbourne Investment Advisors Inc. and FNY Investment Advisers 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, Robinhood, Fidelity and Charles Schwab.

What is Methanex's stock price today?

One share of MEOH stock can currently be purchased for approximately $40.38.

How big of a company is Methanex?

Methanex has a market capitalization of $3.08 billion and generates $3.93 billion in revenue each year. The specialty chemicals company earns $568.98 million in net income (profit) each year or $6.86 on an earnings per share basis. Methanex employs 1,426 workers across the globe.View Additional Information About Methanex.

What is Methanex's official website?

The official website for Methanex is http://www.methanex.com/.

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)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  647 (Vote Outperform)
Underperform Votes:  581 (Vote Underperform)
Total Votes:  1,228
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.
This page was last updated on 11/14/2019 by MarketBeat.com Staff

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