NASDAQ:MEOHMethanex Stock Price, Forecast & News

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 7.7% and is now trading at $18.75. 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 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.

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) posted its quarterly earnings data on Tuesday, May, 5th. The specialty chemicals company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The specialty chemicals company had revenue of $696 million for the quarter, compared to the consensus estimate of $703.23 million. Methanex had a return on equity of 1.39% and a net margin of 2.59%. The company's revenue was down 22.8% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. View Methanex's earnings history.

Methanex announced a quarterly dividend on Friday, May 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Monday, June 15th. View Methanex's dividend history.

16 Wall Street analysts have issued twelve-month target prices for Methanex's stock. Their forecasts range from $8.00 to $55.00. On average, they anticipate Methanex's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets for Methanex.

Media stories about MEOH stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media 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 negative five to five, with scores closest to five being the most favorable. Methanex earned a news impact score of -1.3 on InfoTrie's scale. They also gave media headlines about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Methanex.

Methanex saw a increase in short interest in June. As of June 15th, there was short interest totaling 4,820,000 shares, an increase of 22.6% from the May 31st total of 3,930,000 shares. Based on an average trading volume of 999,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 6.4% of the company's shares are sold short. View Methanex's Current Options Chain.

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

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 $18.75.

Methanex has a market capitalization of $1.43 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]