Methanex Stock Price, News & Analysis (NASDAQ:MEOH)

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

Methanex announced a quarterly dividend on Thursday, July 18th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.36 per share on Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, September 13th. View Methanex's Dividend History.

Methanex declared that its board has approved 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. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Methanex Co. (NASDAQ:MEOH) posted its earnings results on Wednesday, July, 31st. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.16. The specialty chemicals company had revenue of $734 million for the quarter, compared to the consensus estimate of $719.86 million. Methanex had a net margin of 10.81% and a return on equity of 18.33%. The firm's quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 EPS. View Methanex's Earnings History.

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Methanex.

14 brokerages have issued 1 year target prices for Methanex's shares. Their predictions range from $26.00 to $84.00. On average, they anticipate Methanex's share price to reach $52.7143 in the next year. This suggests a possible upside of 45.4% from the stock's current price. View Analyst Price Targets for Methanex.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

News headlines about MEOH stock have trended negative on Friday, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Methanex earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news stories 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 impact on the company's share price in the immediate future. View News Stories for Methanex.

Methanex saw a increase in short interest in August. As of August 31st, there was short interest totalling 1,553,400 shares, an increase of 20.5% from the July 31st total of 1,289,100 shares. Based on an average trading volume of 445,800 shares, the short-interest ratio is currently 3.5 days. Approximately 2.1% of the company's shares are short sold. View Methanex's Current Options Chain.

Some companies that are related to Methanex include Westlake Chemical (WLK), Braskem (BRKMY), NewMarket (NEU), Sensient Technologies (SXT), Codexis (CDXS), Westlake Chemical Partners (WLKP), Renewable Energy Group (REGI), FutureFuel (FF), REX American Resources (REX), Green Plains (GPRE), Amyris (AMRS), Green Plains Partners (GPP), Sino United Worldwide Consolidated (SUIC), Solarwindow Technologies (WNDW) and Gevo (GEVO).

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), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Allergan (AGN).

Methanex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Prudential PLC (16.72%), Royal Bank of Canada (2.96%), Vanguard Group Inc. (2.95%), Connor Clark & Lunn Investment Management Ltd. (2.94%), Mackenzie Financial Corp (1.61%) and Invesco Ltd. (1.49%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Connor Clark & Lunn Investment Management Ltd., Balyasny Asset Management LLC, Allianz Asset Management GmbH, Bank of New York Mellon Corp, TD Asset Management Inc., APG Asset Management N.V. and Morgan Stanley.

MEOH stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Mackenzie Financial Corp, Scheer Rowlett & Associates Investment Management Ltd., Becker Capital Management Inc., Capital Fund Management S.A., Russell Investments Group Ltd. and D. E. Shaw & Co. 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 $36.25.

Methanex has a market capitalization of $2.76 billion and generates $3.93 billion in revenue each year. The specialty chemicals company earns $568.98 million in net income (profit) each year or $6.86 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]