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 - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:MEOH
- CUSIP: N/A
- Web: www.methanex.com
- Market Cap: $3.99337 billion
- Outstanding Shares: 86,624,000
- 50 Day Moving Avg: $43.00
- 200 Day Moving Avg: $45.69
- 52 Week Range: $26.83 - $53.35
Sales & Book Value:
- Trailing P/E Ratio: 29.46
- Foreward P/E Ratio: 10.13
- P/E Growth: 0.84
- Annual Revenue: $2.37 billion
- Price / Sales: 1.71
- Book Value: $18.60 per share
- Price / Book: 2.51
- Annual Dividend: $1.20
- Dividend Yield: 2.6%
- EBIDTA: $443.93 million
- Net Margins: 6.01%
- Return on Equity: 7.04%
- Return on Assets: 2.85%
- Debt-to-Equity Ratio: 0.79%
- Current Ratio: 1.81%
- Quick Ratio: 1.28%
- Average Volume: 884,995 shs.
- Beta: 1.78
- Short Ratio: 7.78
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 announced a quarterly dividend on Friday, July 21st. Investors 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 yield of 2.57%. 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 approved a stock buyback program on Thursday, April 6th 2017, which allows the company to repurchase 4,490,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Methanex Corporation's earnings last quarter?
Methanex Corporation (NASDAQ:MEOH) released its quarterly earnings data on Wednesday, October, 26th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.20. The business had revenue of $2.48 million for the quarter, compared to the consensus estimate of $2.09 million. Methanex Corporation had a net margin of 6.01% and a return on equity of 7.04%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. View Methanex Corporation's Earnings History.
Where is Methanex Corporation's stock going? Where will Methanex Corporation's stock price be in 2017?
11 analysts have issued 12-month price objectives for Methanex Corporation's shares. Their forecasts range from $36.00 to $80.00. On average, they expect Methanex Corporation's stock price to reach $56.36 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 is still exposed to a volatile methanol pricing environment. Moreover, it continues to face headwinds due to curtailment of gas supply. Short-term natural gas supply issues are expected to continue across the company’s Trinidad and Egypt operations. Production outages are also affecting its operations." (7/17/2017)
- 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 NewMarket Corporation (NEU), Olin Corporation (OLN), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Innophos Holdings (IPHS), Calgon Carbon Corporation (CCC), Koppers Holdings (KOP), A. Schulman (SHLM), Westlake Chemical Partners LP (WLKP), CSW Industrials (CSWI), Trecora Resources (TREC), UFP Technologies (UFPT), Enzymotec (ENZY), 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 Floren, President, Chief Executive Officer, Director
- Ian P. Cameron, Chief Financial Officer, Senior Vice President - Finance
- Kevin L. Henderson, Senior Vice President of Marketing
- Vanessa L. James, Senior Vice President - Global Marketing and Logistics
- Wendy L. Bach, Senior Vice President - Corporate Resources
- Michael J. Herz, Senior Vice President - Corporate Development
- Douglas James Arnell, Director
- Bruce M. Aitken, Independent Director
- Howard Robert Balloch, Independent Director
Who owns Methanex Corporation stock?
Methanex Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (1.17%), Bank of Montreal Can (1.06%), APG Asset Management N.V. (0.16%), Aperio Group LLC (0.10%), US Bancorp DE (0.03%) and BB&T Corp (0.03%). View Institutional Ownership Trends for Methanex Corporation.
Who sold Methanex Corporation stock? Who is selling Methanex Corporation stock?
Who bought Methanex Corporation stock? Who is buying Methanex Corporation stock?
Methanex Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Russell Investments Group Ltd., Mn Services Vermogensbeheer B.V., Westbourne Investment Advisors Inc., BB&T Corp and US Bancorp DE. View Insider Buying and Selling for Methanex Corporation.
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 $46.70.
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, 3 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.55)|
|Consensus Price Target: ||$56.36 (20.69% upside)|
Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
(Data available from 7/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/18/2017||Royal Bank Of Canada||Lower Price Target||Sector Perform -> Sector Perform||$54.00 -> $50.00||High|
|7/4/2017||Scotiabank||Set Price Target||Sector Perform||$53.00||High|
|6/30/2017||BMO Capital Markets||Reiterated Rating||Buy||Low|
|6/1/2017||Citigroup Inc.||Reiterated Rating||Neutral||$50.00 -> $45.00||Low|
|5/15/2017||Jefferies Group LLC||Reiterated Rating||Buy||$60.00||Medium|
|5/10/2017||Sanford C. Bernstein||Initiated Coverage||Underperform||$36.00||Medium|
|4/28/2017||TD Securities||Upgrade||Hold -> Buy||$53.00 -> $56.00||High|
|4/17/2017||Monness Crespi & Hardt||Upgrade||Neutral -> Buy||$67.00||High|
|4/10/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform||$80.00||Low|
|4/4/2017||Cowen and Company||Reiterated Rating||Outperform||$60.00||Medium|
|3/29/2017||CIBC||Upgrade||Sector Perform -> Sector Outperform||$45.00 -> $56.00||High|
|9/21/2015||Howard Weil||Initiated Coverage||Outperform||N/A|
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|
|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: $2.93
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)
|Payout Ratio:||75.47% (Trailing 12 Months of Earnings) |
26.97% (Based on This Year's Estimates)
26.03% (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 Plans Quarterly Dividend of $0.30 (MEOH)|
www.americanbankingnews.com - July 21 at 4:29 PM
|Global Bio-Based Chemicals Market Forecast 2017-2025|
www.bizjournals.com - July 21 at 2:14 AM
|Methanex Corporation – Notice of Cash Dividend|
www.nasdaq.com - July 21 at 2:14 AM
|Methanex Corporation (MEOH) Cut to Sell at Zacks Investment Research|
www.americanbankingnews.com - July 17 at 2:52 PM
|Methanex Corporation (MEOH) Lifted to "Hold" at BidaskClub|
www.americanbankingnews.com - July 16 at 12:58 PM
|Methanex Corporation to Post Q2 2017 Earnings of $1.05 Per Share, Jefferies Group Forecasts (NASDAQ:MEOH)|
www.americanbankingnews.com - July 14 at 8:38 AM
|Methanex Corporation (MEOH) Given a $53.00 Price Target by Scotiabank Analysts|
www.americanbankingnews.com - July 4 at 2:21 PM
|Methanex Corporation (NASDAQ:MEOH) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - July 4 at 8:51 AM
|BMO Capital Markets Reaffirms "Buy" Rating for Methanex Corporation (MEOH)|
www.americanbankingnews.com - July 1 at 8:04 AM
|Methanex Corp. – Value Analysis (NASDAQ:MEOH) : June 30, 2017|
finance.yahoo.com - July 1 at 1:05 AM
|Methanex Corp. breached its 50 day moving average in a Bullish Manner : MEOH-US : June 29, 2017|
finance.yahoo.com - June 30 at 1:29 AM
|$1.21 EPS Expected for Methanex Corporation (MEOH) This Quarter|
www.americanbankingnews.com - June 27 at 12:14 PM
|Methanex Corporation (MEOH) to Post Q2 2017 Earnings of $1.09 Per Share, Jefferies Group Forecasts|
www.americanbankingnews.com - June 22 at 7:34 AM
|Jefferies Group Weighs in on Methanex Corporation's FY2017 Earnings (MEOH)|
www.americanbankingnews.com - June 21 at 9:20 AM
|Methanex Corporation (MEOH) & Axiall Corp (AXLL) Head-To-Head Review|
www.americanbankingnews.com - June 18 at 7:24 AM
|Methanex Corporation (MEOH) Upgraded to Buy at ValuEngine|
www.americanbankingnews.com - June 17 at 8:34 AM
|Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for June 14, 2017 - Nasdaq|
www.nasdaq.com - June 14 at 9:57 PM
|Methanex Corporation (MEOH) Stock Rating Upgraded by BidaskClub|
www.americanbankingnews.com - June 14 at 7:20 PM
|Short Interest in Methanex Co. (MEOH) Grows By 13.5%|
www.americanbankingnews.com - June 14 at 7:10 AM
|Ex-Dividend Reminders Include AVX Corporation (AVX) and Methanex Corporation (USA) (MEOH)|
investorplace.com - June 12 at 5:34 PM
|Methanex Co. (MEOH) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - June 9 at 7:46 AM
|Methanex's (MEOH) Neutral Rating Reaffirmed at Citigroup Inc|
www.americanbankingnews.com - June 1 at 6:40 PM
|Zacks: Brokerages Anticipate Methanex Co. (MEOH) Will Post Earnings of $1.08 Per Share|
www.americanbankingnews.com - June 1 at 10:28 AM
|FY2017 EPS Estimates for Methanex Co. (MEOH) Reduced by Jefferies Group|
www.americanbankingnews.com - June 1 at 10:08 AM
|Q2 2017 EPS Estimates for Methanex Co. Decreased by Jefferies Group (MEOH)|
www.americanbankingnews.com - May 31 at 7:24 AM
|Methanex Co. (MEOH) Lowered to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - May 23 at 12:36 PM
|Zacks.com featured highlights: Methanex, POSCO, Mobile TeleSystems OJSC and Western Digital|
finance.yahoo.com - May 17 at 6:28 PM
|Methanex Co. (MEOH) Given "Buy" Rating at Jefferies Group LLC|
www.americanbankingnews.com - May 15 at 9:34 PM
|Methanex Co. (MEOH) Given Average Rating of "Buy" by Brokerages|
www.americanbankingnews.com - May 15 at 9:42 AM
|Methanex to Present at BMO Capital Markets 12th Annual Farm to Market Conference|
finance.yahoo.com - May 10 at 6:33 PM
|Sanford C. Bernstein Initiates Coverage on Methanex Co. (MEOH)|
www.americanbankingnews.com - May 10 at 5:20 PM
|Kronos Worldwide (KRO) Q1 Earnings, Sales Trump Estimates|
finance.yahoo.com - May 10 at 12:31 PM
|Zacks: Brokerages Expect Methanex Co. (MEOH) Will Post Earnings of $0.90 Per Share|
www.americanbankingnews.com - May 8 at 9:50 AM
|Methanex Co. (MEOH) Upgraded at TheStreet|
www.americanbankingnews.com - May 6 at 11:14 PM
|Top Ranked Value Stocks to Buy for May 4th|
finance.yahoo.com - May 4 at 11:41 AM
|ETFs with exposure to Methanex Corp. : May 1, 2017|
finance.yahoo.com - May 1 at 5:31 PM
|Q1 2018 EPS Estimates for Methanex Co. Cut by Analyst (MEOH)|
www.americanbankingnews.com - May 1 at 12:31 PM
|Methanex Co. (MEOH) Receives "Buy" Rating from BMO Capital Markets|
www.americanbankingnews.com - April 30 at 9:11 PM
|Methanex (MEOH) Receiving Favorable Press Coverage, Analysis Shows|
www.americanbankingnews.com - April 29 at 9:56 PM
|Methanex Co. (MEOH) PT Lowered to $54.00 at Royal Bank of Canada|
www.americanbankingnews.com - April 29 at 10:06 AM
|Methanex Co. (MEOH) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - April 29 at 1:21 AM
|Methanex Co. (MEOH) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - April 29 at 12:34 AM
|Methanex Co. (MEOH) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS|
www.americanbankingnews.com - April 29 at 12:10 AM
|Methanex Co. (MEOH) Increases Dividend to $0.30 Per Share|
www.americanbankingnews.com - April 28 at 11:54 PM
|Methanex Co. (MEOH) Announces Earnings Results|
www.americanbankingnews.com - April 28 at 11:14 PM
|Methanex Corp. :MEOH-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017|
finance.yahoo.com - April 28 at 7:25 PM
|Methanex Reports on Annual and Special Meeting of Shareholders|
finance.yahoo.com - April 28 at 7:25 PM
|Methanex Co. (MEOH) Rating Increased to Buy at TD Securities|
www.americanbankingnews.com - April 28 at 9:24 AM
|Investor Network: Methanex Corporation to Host Earnings Call|
finance.yahoo.com - April 27 at 7:03 PM
|Methanex Corporation-Notice of Cash Dividend|
finance.yahoo.com - April 27 at 7:03 PM
Methanex Corporation (MEOH) Chart for Wednesday, July, 26, 2017