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NASDAQ:MEOH

Methanex - MEOH Stock Forecast, Price & News

$37.54
-0.14 (-0.37%)
(As of 12/7/2022 10:29 AM ET)
Add
Compare
Today's Range
$37.32
$37.74
50-Day Range
$30.93
$40.38
52-Week Range
$28.73
$56.79
Volume
8,125 shs
Average Volume
287,169 shs
Market Capitalization
$2.62 billion
P/E Ratio
5.87
Dividend Yield
1.85%
Price Target
$48.27

Methanex MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
28.1% Upside
$48.27 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Methanex in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.30%
From $3.28 to $3.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Basic Materials Sector

24th out of 163 stocks

Industrial Organic Chemicals Industry

3rd out of 20 stocks

MEOH stock logo

About Methanex (NASDAQ:MEOH) Stock

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

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MEOH Stock News Headlines

Short Interest in Methanex Co. (NASDAQ:MEOH) Decreases By 23.8%
Methanex (NASDAQ:MEOH) Cut to Hold at StockNews.com
Methanex (NASDAQ:MEOH) Downgraded by StockNews.com
Methanex (MEOH) Misses Q3 Earnings Estimates
What 6 Analyst Ratings Have To Say About Methanex
Methanex Becomes Oversold
See More Headlines
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MEOH Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 9/30 Dividend
9/15/2022
Dividend Payable
9/30/2022
Today
12/07/2022
Ex-Dividend for 12/31 Dividend
12/15/2022
Dividend Payable
12/31/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Current Symbol
NASDAQ:MEOH
Employees
1,300
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$48.27
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+28.6%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$482.36 million
Pretax Margin
16.59%

Debt

Sales & Book Value

Annual Sales
$4.41 billion
Cash Flow
$11.01 per share
Book Value
$26.27 per share

Miscellaneous

Free Float
69,211,000
Market Cap
$2.62 billion
Optionable
Optionable
Beta
1.63

Social Links


Key Executives

  • Mr. John N. Floren (Age 63)
    Pres, CEO & Director
    Comp: $3.53M
  • Mr. Ian P. Cameron
    Sr. VP of Fin. & CFO
  • Ms. Vanessa L. James
    Sr. VP of Corp. Devel. & Sustainability
  • Mr. Kevin L. Henderson
    Sr. VP of Manufacturing
  • Mr. Bradley W. Boyd
    Sr. VP of Corp. Resources
  • Sarah Herriott
    Director of Investor Relations
  • Mr. Kevin Price
    Gen. Counsel & Corp. Sec.
  • Mr. Richard W. Sumner
    Sr. VP of Global Marketing & Logistics













MEOH Stock - Frequently Asked Questions

Should I buy or sell Methanex stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MEOH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEOH, but not buy additional shares or sell existing shares.
View MEOH analyst ratings
or view top-rated stocks.

What is Methanex's stock price forecast for 2023?

10 equities research analysts have issued 1-year price objectives for Methanex's stock. Their MEOH share price forecasts range from $34.00 to $73.00. On average, they predict the company's stock price to reach $48.27 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
View analysts price targets for MEOH
or view top-rated stocks among Wall Street analysts.

How have MEOH shares performed in 2022?

Methanex's stock was trading at $39.55 at the start of the year. Since then, MEOH stock has decreased by 4.7% and is now trading at $37.68.
View the best growth stocks for 2022 here
.

Are investors shorting Methanex?

Methanex saw a decline in short interest in November. As of November 15th, there was short interest totaling 468,600 shares, a decline of 23.8% from the October 31st total of 615,300 shares. Based on an average daily trading volume, of 430,800 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company's stock are short sold.
View Methanex's Short Interest
.

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our MEOH earnings forecast
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) issued its earnings results on Tuesday, October, 26th. The specialty chemicals company reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by $0.03. The specialty chemicals company earned $1.08 billion during the quarter, compared to analyst estimates of $984.45 million. Methanex had a trailing twelve-month return on equity of 20.91% and a net margin of 11.22%. The company's revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.03) earnings per share.

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

Methanex announced a quarterly dividend on Thursday, November 17th. Investors of record on Saturday, December 17th will be paid a dividend of $0.175 per share on Saturday, December 31st. This represents a $0.70 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for MEOH
.

Is Methanex a good dividend stock?

Methanex (NASDAQ:MEOH) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.85%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 21.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEOH.

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), Micron Technology (MU), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD) and NIC (EGOV).

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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.79%), Balyasny Asset Management LLC (1.23%), Dimensional Fund Advisors LP (0.81%), Mackenzie Financial Corp (0.80%), Granite Investment Partners LLC (0.74%) and Renaissance Technologies LLC (0.37%).

How do I buy shares of Methanex?

Shares of MEOH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Methanex's stock price today?

One share of MEOH stock can currently be purchased for approximately $37.68.

How much money does Methanex make?

Methanex (NASDAQ:MEOH) has a market capitalization of $2.63 billion and generates $4.41 billion in revenue each year. The specialty chemicals company earns $482.36 million in net income (profit) each year or $6.39 on an earnings per share basis.

How many employees does Methanex have?

The company employs 1,300 workers across the globe.

How can I contact Methanex?

Methanex's mailing address is 1800 WATERFRONT CENTER 200 BURRARD STREET, VANCOUVER A1, V6C 3M1. The official website for the company is www.methanex.com. The specialty chemicals company can be reached via phone at (604) 661-2600, via email at invest@methanex.com, or via fax at 604-661-2676.

This page (NASDAQ:MEOH) was last updated on 12/7/2022 by MarketBeat.com Staff