About Methanex Corporation (NASDAQ:MEOH)
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Commodity Chemicals
- Sub-Industry: N/A
- Symbol: NASDAQ:MEOH
- CUSIP: N/A
- Web: www.methanex.com
- Market Cap: $4.32 billion
- Outstanding Shares: 86,124,000
- 50 Day Moving Avg: $50.72
- 200 Day Moving Avg: $45.77
- 52 Week Range: $34.45 - $53.35
Sales & Book Value:
- Trailing P/E Ratio: 19.22
- Foreward P/E Ratio: 14.90
- P/E Growth: 0.98
- Annual Revenue: $2.58 billion
- Price / Sales: 1.68
- Book Value: $18.51 per share
- Price / Book: 2.71
- Annual Dividend: $1.20
- Dividend Yield: 2.3%
- EBITDA: $572.88 million
- Net Margins: 8.92%
- Return on Equity: 12.43%
- Return on Assets: 4.96%
- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 1.73%
- Quick Ratio: 1.31%
- Average Volume: 769,098 shs.
- Beta: 1.76
- Short Ratio: 6.37
Frequently Asked Questions for Methanex Corporation (NASDAQ:MEOH)
What is Methanex Corporation's stock symbol?
Methanex Corporation trades on the NASDAQ under the ticker symbol "MEOH."
How often does Methanex Corporation pay dividends? What is the dividend yield for Methanex Corporation?
Methanex Corporation declared a quarterly dividend on Friday, July 21st. Stockholders of record on Saturday, September 16th will be paid a dividend of $0.30 per share on Saturday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 14th. View Methanex Corporation's Dividend History.
How will Methanex Corporation's stock buyback program work?
Methanex Corporation announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th 2017, which authorizes the company to repurchase 1,660,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.
How were Methanex Corporation's earnings last quarter?
Methanex Corporation (NASDAQ:MEOH) issued its earnings results on Wednesday, July, 26th. The company reported $0.85 EPS for the quarter, missing the Zacks' consensus estimate of $1.08 by $0.23. The company earned $669 million during the quarter, compared to the consensus estimate of $772.41 million. Methanex Corporation had a net margin of 8.92% and a return on equity of 12.43%. The business's revenue was up 42.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) earnings per share. View Methanex Corporation's Earnings History.
When will Methanex Corporation make its next earnings announcement?
Where is Methanex Corporation's stock going? Where will Methanex Corporation's stock price be in 2017?
13 equities research analysts have issued 12 month price targets for Methanex Corporation's shares. Their forecasts range from $36.00 to $80.00. On average, they anticipate Methanex Corporation's stock price to reach $56.65 in the next twelve months. View Analyst Ratings for Methanex Corporation.
What are analysts saying about Methanex Corporation stock?
Here are some recent quotes from research analysts about Methanex Corporation stock:
- 1. According to Zacks Investment Research, "Methanex has outperformed the industry it belongs to over a year. Methanex should gain from healthy demand fundamentals for methanol. We are also optimistic about its Louisiana project, which is expected to create significant value for shareholders and meaningfully contribute to cash generation. " (10/3/2017)
- 2. Cowen and Company analysts commented, "We see a significant increase in MEOH share value over the next two years should the company choose to execute, on the suggestion of its largest shareholder, a more aggressive approach toward share repurchase. This would push repurchase to the limits of its FCF until its value per share better reflects methanol replacement costs of about $1,100/mt." (3/28/2017)
- 3. Jefferies Group LLC analysts commented, "Methanol prices settled sharply higher again, in sharp contrast to relatively cautious investor sentiment. Given an expected average FCF yield before dividends of 10% over the next several years, we continue to expect the next fundamental catalysts for Methanex shares to be decisions this summer on the cadence of buybacks and appetite for investing in new capacity... North America methanol prices have settled at $499/t and Asia prices at $500/t. Pricing continues to settle higher than we expected, and supports the argument that Asia demand is coming in stronger than we had initially expected for this year, rather than pricing simply being distorted by inventory dynamics. At current levels, we believe demand destruction is a more significant risk, particularly for 2H17. Prices should retreat into 2018 as new supply enters the market." (2/27/2017)
Who are some of Methanex Corporation's key competitors?
Some companies that are related to Methanex Corporation include Olin Corporation (OLN), NewMarket Corporation (NEU), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Calgon Carbon Corporation (CCC), A. Schulman (SHLM), Koppers Holdings (KOP), Innophos Holdings (IPHS), CSW Industrials (CSWI), Westlake Chemical Partners LP (WLKP), Trecora Resources (TREC), Enzymotec (ENZY), UFP Technologies (UFPT), Zotefoams plc (ZTF), Applied Graphene Materials PLC (AGM), Airgas (ARG), Axiall Corp (AXLL) and Axiall Corp (GGC).
Who are Methanex Corporation's key executives?
Methanex Corporation's management team includes the folowing people:
- Thomas M. Hamilton Ph.D., Independent Chairman of the Board
- John N. Floren, President, Chief Executive Officer, Director
- Ian P. Cameron, Chief Financial Officer, Senior Vice President - Finance
- Vanessa L. James, Senior Vice President - Global Marketing and Logistics
- Wendy L. Bach, Senior Vice President - Corporate Resources
- Kevin L. Henderson, Senior Vice President - Manufacturing
- Michael J. Herz, Senior Vice President - Corporate Development
- Kevin Price, General Counsel & Corporate Secretary
- Bruce M. Aitken, Independent Director
- Douglas James Arnell, Independent Director
How do I buy Methanex Corporation stock?
Shares of Methanex Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Methanex Corporation's stock price today?
MarketBeat Community Rating for Methanex Corporation (NASDAQ MEOH)MarketBeat's community ratings are surveys of what our community members think about Methanex Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Methanex Corporation stock can currently be purchased for approximately $50.20.
Consensus Ratings for Methanex Corporation (NASDAQ:MEOH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.54)|
|Consensus Price Target: ||$56.65 (12.86% upside)|Consensus Price Target History for Methanex Corporation (NASDAQ:MEOH)
Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
(Data available from 10/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Scotiabank||Set Price Target||Sector Perform||$53.50||N/A|
|10/9/2017||Cowen and Company||Reiterated Rating||Outperform -> Outperform||$55.00 -> $58.00||N/A|
|9/27/2017||Royal Bank Of Canada||Reiterated Rating||Hold||Low|
|9/18/2017||TD Securities||Boost Price Target||Buy||$71.00||Medium|
|9/12/2017||Jefferies Group LLC||Boost Price Target||Buy||$60.00||Medium|
|7/28/2017||Tudor Pickering||Downgrade||Buy -> Hold||$52.00 -> $46.00||Low|
|7/28/2017||Monness Crespi & Hardt||Lower Price Target||Buy||$62.00 -> $59.00||Low|
|7/27/2017||Alembic Global Advisors||Set Price Target||Buy||$65.00||Medium|
|6/30/2017||BMO Capital Markets||Reiterated Rating||Buy||Low|
|6/1/2017||Citigroup Inc.||Reiterated Rating||Neutral||$50.00 -> $45.00||Low|
|5/10/2017||Sanford C. Bernstein||Initiated Coverage||Underperform||$36.00||Medium|
|4/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform||$80.00||Low|
|3/29/2017||CIBC||Upgrade||Sector Perform -> Sector Outperform||$45.00 -> $56.00||High|
Earnings History for Methanex Corporation (NASDAQ:MEOH)Earnings History by Quarter for Methanex Corporation (NASDAQ MEOH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2||$1.08||$0.85||$772.41 million||$669.00 million||View||N/A|
|4/26/2017||Q1||$1.38||$1.56||$833.32 million||$810.00 million||View||N/A|
|1/25/2017||Q416||$0.20||$0.46||$544.94 million||$585.00 million||View||N/A|
|10/26/2016||Q316||($0.21)||($0.01)||$2.09 million||$2.48 million||View||N/A|
|7/27/2016||Q216||($0.27)||($0.34)||$422.82 million||$468.00 million||View||N/A|
|10/28/2015||Q315||$0.28||$0.54||$641.40 million||$527.00 million||View||Listen|
|7/29/2015||Q215||$0.75||$0.52||$639.19 million||$637.80 million||View||Listen|
|4/29/2015||Q115||$0.50||$0.09||$612.54 million||$576.74 million||View||N/A|
|1/28/2015||Q414||$0.93||$1.11||$740.77 million||$733.50 million||View||N/A|
|10/29/2014||Q314||$0.65||$0.54||$685.80 million||$730.00 million||View||N/A|
|7/30/2014||Q2 2014||$1.02||$1.01||$822.40 million||$791.31 million||View||N/A|
|4/29/2014||Q1 2014||$1.84||$1.50||$1.00 billion||$968.48 million||View||N/A|
Earnings Estimates for Methanex Corporation (NASDAQ:MEOH)
2017 EPS Consensus Estimate: $2.71
2018 EPS Consensus Estimate: $4.70
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Methanex Corporation (NASDAQ:MEOH)
|Most Recent Dividend:||9/30/2017|
|Payout Ratio:||47.81% (Trailing 12 Months of Earnings) |
30.46% (Based on This Year's Estimates)
35.61% (Based on Next Year's Estimates)
Dividend History by Quarter for Methanex Corporation (NASDAQ MEOH)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Methanex Corporation (NASDAQ:MEOH)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Methanex Corporation (NASDAQ:MEOH)
Latest Headlines for Methanex Corporation (NASDAQ:MEOH)
Methanex Corporation (MEOH) Chart for Wednesday, October, 18, 2017