NASDAQ:MEOH - Methanex Stock Price, Forecast & News

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

Methanex announced a quarterly dividend on Thursday, January 30th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.36 per share on Tuesday, March 31st. This represents a $1.44 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Monday, March 16th. View Methanex's Dividend History.

Methanex declared that its Board of Directors has authorized a stock repurchase program on Tuesday, March 6th 2018, which allows the company to repurchase 6,590,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Methanex Co. (NASDAQ:MEOH) announced its quarterly earnings data on Wednesday, January, 29th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.03. The specialty chemicals company earned $659 million during the quarter, compared to analyst estimates of $666.88 million. Methanex had a return on equity of 4.18% and a net margin of 3.15%. The company's revenue was down 32.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. View Methanex's Earnings History.

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Methanex.

12 brokerages have issued 12 month target prices for Methanex's shares. Their forecasts range from $26.00 to $69.00. On average, they expect Methanex's stock price to reach $45.25 in the next year. This suggests a possible upside of 34.3% from the stock's current price. View Analyst Price Targets for Methanex.

12 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

News articles about MEOH stock have trended somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methanex earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned press coverage about the specialty chemicals company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Methanex.

Methanex saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,870,000 shares, an increase of 10.0% from the December 31st total of 1,700,000 shares. Based on an average daily volume of 359,800 shares, the days-to-cover ratio is presently 5.2 days. Currently, 2.5% of the company's stock are short sold. View Methanex's Current Options Chain.

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

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), NIC (EGOV), Allergan (AGN), Athabasca Oil (ATH), Micron Technology (MU), Workday (WDAY) and Transocean (RIG).

Methanex's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (16.46%), FIL Ltd (4.23%), Connor Clark & Lunn Investment Management Ltd. (2.48%), Guardian Capital LP (2.33%), Renaissance Technologies LLC (1.85%) and Alberta Investment Management Corp (1.32%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Russell Investments Group Ltd., Becker Capital Management Inc., UBS Group AG, Massachusetts Financial Services Co. MA, Bank of America Corp DE, Fiera Capital Corp and Guardian Capital LP.

MEOH stock was bought by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., FIL Ltd, Connor Clark & Lunn Investment Management Ltd., Renaissance Technologies LLC, Alberta Investment Management Corp, Credit Suisse AG, Cidel Asset Management Inc. and Franklin Resources 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 $33.69.

Methanex has a market capitalization of $2.57 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 1,426 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]