NASDAQ:MEOH - Methanex Stock Price, News & Analysis

Methanex trades on the NASDAQ under the ticker symbol "MEOH."

Methanex announced a quarterly dividend on Thursday, July 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, September 13th. View Methanex's Dividend History.

Methanex declared that its board has initiated a share buyback plan on Tuesday, March 6th 2018, which authorizes the company to repurchase 6,590,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Methanex Co. (NASDAQ:MEOH) issued its quarterly earnings data on Wednesday, July, 31st. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.16. The specialty chemicals company earned $734 million during the quarter, compared to analysts' expectations of $719.86 million. Methanex had a net margin of 10.81% and a return on equity of 18.33%. The business's quarterly revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the company earned $1.75 EPS. View Methanex's Earnings History.

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Methanex.

14 brokers have issued 12 month target prices for Methanex's stock. Their predictions range from $26.00 to $84.00. On average, they anticipate Methanex's stock price to reach $52.7143 in the next year. This suggests a possible upside of 44.5% from the stock's current price. View Analyst Price Targets 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, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

Press coverage about MEOH stock has trended negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methanex earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news headlines about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Methanex.

Methanex saw a increase in short interest in August. As of August 31st, there was short interest totalling 1,553,400 shares, an increase of 20.5% from the July 31st total of 1,289,100 shares. Based on an average trading volume of 445,800 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.1% of the shares of the company are short sold. View Methanex's Current Options Chain.

Some companies that are related to Methanex include Westlake Chemical (WLK), Braskem (BRKMY), NewMarket (NEU), Sensient Technologies (SXT), Codexis (CDXS), Westlake Chemical Partners (WLKP), Renewable Energy Group (REGI), FutureFuel (FF), REX American Resources (REX), Green Plains (GPRE), Amyris (AMRS), Green Plains Partners (GPP), Sino United Worldwide Consolidated (SUIC), Solarwindow Technologies (WNDW) and Tantech (TANH).

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).

Methanex's stock is owned by many different of institutional and retail investors. Top institutional investors include Prudential PLC (16.72%), Royal Bank of Canada (2.96%), Vanguard Group Inc. (2.95%), Connor Clark & Lunn Investment Management Ltd. (2.94%), Mackenzie Financial Corp (1.61%) and Invesco Ltd. (1.49%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Connor Clark & Lunn Investment Management Ltd., Balyasny Asset Management LLC, Allianz Asset Management GmbH, Bank of New York Mellon Corp, TD Asset Management Inc., APG Asset Management N.V. and Morgan Stanley.

MEOH stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Mackenzie Financial Corp, Scheer Rowlett & Associates Investment Management Ltd., Becker Capital Management Inc., Capital Fund Management S.A., Russell Investments Group Ltd. and D. E. Shaw & Co. Inc..

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.

One share of MEOH stock can currently be purchased for approximately $36.48.

Methanex has a market capitalization of $2.78 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.

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

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]