NASDAQ:MEOHMethanex Stock Price, Forecast & News

Methanex's stock was trading at $17.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEOH shares have decreased by 2.2% and is now trading at $17.03. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 sell rating, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Methanex.

Methanex is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Methanex.

Methanex Co. (NASDAQ:MEOH) issued its earnings results on Tuesday, May, 5th. The specialty chemicals company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The specialty chemicals company earned $696 million during the quarter, compared to analysts' expectations of $703.23 million. Methanex had a return on equity of 1.39% and a net margin of 2.59%. Methanex's quarterly revenue was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. View Methanex's earnings history.

Methanex announced a quarterly dividend on Friday, May 1st. Investors of record on Tuesday, June 16th will be paid a dividend of $0.0375 per share on Tuesday, June 30th. This represents a $0.15 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, June 15th. View Methanex's dividend history.

16 Wall Street analysts have issued 12-month price targets for Methanex's shares. Their forecasts range from $8.00 to $69.00. On average, they expect Methanex's share price to reach $28.23 in the next twelve months. This suggests a possible upside of 65.8% from the stock's current price. View analysts' price targets for Methanex.

Headlines about MEOH stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Methanex earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned media coverage about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutMethanex.

Methanex saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,520,000 shares, an increase of 10.7% from the April 30th total of 3,180,000 shares. Based on an average daily trading volume, of 852,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.7% of the shares of the company are sold short. View Methanex's Current Options Chain.

Some companies that are related to Methanex include NewMarket (NEU), Banco Bradesco (BAK), Braskem (BRKMY), Sensient Technologies (SXT), Renewable Energy Group (REGI), Codexis (CDXS), Westlake Chemical Partners (WLKP), Amyris (AMRS), FutureFuel (FF), REX American Resources (REX), Landstar (LDSR), Green Plains (GPRE), Green Plains Partners (GPP), Solarwindow Technologies (WNDW) and Pacific Ethanol (PEIX). View all competitors.

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).

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

Methanex's stock is owned by a number of retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (18.78%), Wellington Management Group LLP (4.61%), Scheer Rowlett & Associates Investment Management Ltd. (1.19%), Connor Clark & Lunn Investment Management Ltd. (1.06%), Invesco Ltd. (0.98%) and Morgan Stanley (0.97%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Guardian Capital LP, Connor Clark & Lunn Investment Management Ltd., Mackenzie Financial Corp, Alberta Investment Management Corp, Invesco Ltd., Wellington Management Group LLP, Fiera Capital Corp, and CIBC World Markets Inc..

MEOH stock was bought by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Morgan Stanley, Intact Investment Management Inc., APG Asset Management N.V., APG Asset Management N.V., Morgan Stanley, Squarepoint Ops LLC, and Forsta AP Fonden.

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 $17.03.

Methanex has a market capitalization of $1.30 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.

The official website for Methanex is 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]