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NASDAQ:MEOHMethanex Stock Price, Forecast & News

$19.57
+0.10 (+0.51 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$18.95
Now: $19.57
$19.59
50-Day Range
$17.95
MA: $19.22
$20.65
52-Week Range
$9.00
Now: $19.57
$42.19
Volume165,501 shs
Average Volume424,403 shs
Market Capitalization$1.49 billion
P/E RatioN/A
Dividend Yield0.77%
Beta2.23
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$5.47 per share
Book Value$20.72 per share

Profitability

Net Income$87.77 million

Miscellaneous

Employees1,544
Market Cap$1.49 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$19.57
+0.10 (+0.51 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Methanex (NASDAQ:MEOH) Frequently Asked Questions

How has Methanex's stock been impacted by COVID-19 (Coronavirus)?

Methanex's stock was trading at $17.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEOH stock has increased by 12.4% and is now trading at $19.57.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Methanex?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 3 sell ratings, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Methanex
.

When is Methanex's next earnings date?

Methanex is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Methanex
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) issued its earnings results on Wednesday, July, 29th. The specialty chemicals company reported ($0.84) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.04) by $0.20. The specialty chemicals company earned $512 million during the quarter, compared to analyst estimates of $482.39 million. Methanex had a negative net margin of 1.66% and a negative return on equity of 4.07%. The firm's quarterly revenue was down 39.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share.
View Methanex's earnings history
.

How often does Methanex pay dividends? What is the dividend yield for Methanex?

Methanex announced a quarterly dividend on Thursday, July 16th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.038 per share on Wednesday, September 30th. This represents a $0.15 annualized dividend and a yield of 0.78%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Methanex's previous quarterly dividend of $0.04.
View Methanex's dividend history
.

What price target have analysts set for MEOH?

16 brokerages have issued 12 month target prices for Methanex's shares. Their forecasts range from $8.00 to $55.00. On average, they expect Methanex's stock price to reach $25.93 in the next year. This suggests a possible upside of 32.5% from the stock's current price.
View analysts' price targets for Methanex
.

Has Methanex been receiving favorable news coverage?

News articles about MEOH stock have trended very positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news 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 coverage optimism score of 4.0 on InfoTrie's scale. They also assigned news stories about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Methanex
.

Are investors shorting Methanex?

Methanex saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,470,000 shares, a decrease of 7.8% from the July 15th total of 2,680,000 shares. Based on an average daily volume of 766,100 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.3% 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), AT&T (T), NIC (EGOV), Altria Group (MO), Verizon Communications (VZ), AbbVie (ABBV) and Allergan (AGN).

Who are Methanex's key executives?

Methanex's management team includes the following 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

What is Methanex's stock symbol?

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

Who are Methanex's major shareholders?

Methanex's stock is owned by many different retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (19.20%), Intact Investment Management Inc. (0.59%), Granite Investment Partners LLC (0.58%), Swiss National Bank (0.19%), CIBC Asset Management Inc (0.07%) and Trexquant Investment LP (0.06%).

Which institutional investors are selling Methanex stock?

MEOH stock was sold by a variety of institutional investors in the last quarter, including Swiss National Bank, and Zurcher Kantonalbank Zurich Cantonalbank .

Which institutional investors are buying Methanex stock?

MEOH stock was purchased by a variety of institutional investors in the last quarter, including Granite Investment Partners LLC, M&G Investment Management Ltd., Intact Investment Management Inc., New York State Common Retirement Fund, JustInvest LLC, UBS Group AG, Trexquant Investment LP, and Trinity Legacy Partners 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 $19.57.

How big of a company is Methanex?

Methanex has a market capitalization of $1.49 billion and generates $2.78 billion in revenue each year. The specialty chemicals company earns $87.77 million in net income (profit) each year or $0.93 on an earnings per share basis. Methanex employs 1,544 workers across the globe.

What is Methanex's official website?

The official website for Methanex is 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]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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