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: $4.46123 billion
- Outstanding Shares: 86,124,000
- 50 Day Moving Avg: $47.37
- 200 Day Moving Avg: $45.19
- 52 Week Range: $30.43 - $53.35
Sales & Book Value:
- Trailing P/E Ratio: 20.16
- Foreward P/E Ratio: 14.60
- P/E Growth: 1.02
- Annual Revenue: $2.58 billion
- Price / Sales: 1.71
- Book Value: $18.51 per share
- Price / Book: 2.76
- Annual Dividend: $1.20
- Dividend Yield: 2.3%
- EBIDTA: $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: 776,661 shs.
- Beta: 1.74
- 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 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 2.35%. The ex-dividend date 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 has initiated a share buyback program on Thursday, July 27th 2017, which allows the company to buyback 1,660,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
How were Methanex Corporation's earnings last quarter?
Methanex Corporation (NASDAQ:MEOH) announced its quarterly earnings results on Wednesday, July, 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.08 by $0.23. The business 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 firm's quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($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 brokers have issued 12-month price targets for Methanex Corporation's shares. Their forecasts range from $36.00 to $95.00. On average, they expect Methanex Corporation's share price to reach $59.62 in the next year. 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. However, the company 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." (9/26/2017)
- 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), Innophos Holdings (IPHS), Koppers Holdings (KOP), 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
Who owns Methanex Corporation stock?
Methanex Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Prudential PLC (20.33%), Boston Partners (4.47%), Bank of New York Mellon Corp (4.17%), Guardian Capital LP (3.92%), FMR LLC (3.48%) and Vanguard Group Inc. (2.40%). View Institutional Ownership Trends for Methanex Corporation.
Who sold Methanex Corporation stock? Who is selling Methanex Corporation stock?
Methanex Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Boston Partners, FIL Ltd, Carmignac Gestion, Addenda Capital Inc., Dimensional Fund Advisors LP, Fiera Capital Corp and Guardian Capital LP. View Insider Buying and Selling for Methanex Corporation.
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 New York Mellon Corp, Gotham Asset Management LLC, Neuberger Berman Group LLC, Bank of Montreal Can, AGF Investments Inc., Renaissance Technologies LLC, Russell Investments Group Ltd. and State of Tennessee Treasury Department. 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 $51.10.
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: ||$59.62 (16.66% upside)|
Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
(Data available from 9/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|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|
|9/1/2017||Cowen and Company||Reiterated Rating||Buy||$55.00||Medium|
|8/25/2017||Royal Bank Of Canada||Reiterated Rating||Hold||Low|
|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||Scotiabank||Boost Price Target||Sector Perform||$53.00 -> $95.00||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|
|10/25/2017|| || || || || || || || |
|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)
|Payout Ratio:||47.81% (Trailing 12 Months of Earnings) |
36.25% (Based on This Year's Estimates)
34.29% (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) PT Raised to $71.00 at TD Securities|
www.americanbankingnews.com - September 18 at 3:18 PM
|Methanex Corporation (MEOH) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - September 17 at 6:38 AM
|Zacks: Analysts Anticipate Methanex Co. (MEOH) to Post $0.54 Earnings Per Share|
www.americanbankingnews.com - September 16 at 8:24 PM
|LyondellBasell Industries NV (LYB) vs. Methanex Corporation (MEOH) Head-To-Head Survey|
www.americanbankingnews.com - September 14 at 8:08 AM
|Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for September 14, 2017 - Nasdaq|
www.nasdaq.com - September 14 at 7:39 AM
|Q3 2017 EPS Estimates for Methanex Corporation Increased by Jefferies Group (MEOH)|
www.americanbankingnews.com - September 14 at 6:36 AM
|Reviewing Methanex Corporation (MEOH) and The Competition|
www.americanbankingnews.com - September 9 at 6:22 PM
|Methanex to Webcast Investor Conference on September 15, 2017|
finance.yahoo.com - September 9 at 6:10 AM
|Methanex Corporation (MEOH) Given "Buy" Rating at Cowen and Company|
www.americanbankingnews.com - September 4 at 9:26 PM
|Methanex Corp. – Value Analysis (NASDAQ:MEOH) : August 30, 2017|
finance.yahoo.com - August 30 at 6:30 AM
|$0.50 EPS Expected for Methanex Corporation (MEOH) This Quarter|
www.americanbankingnews.com - August 29 at 8:18 AM
|Methanex Corporation (MEOH) and Eastman Chemical (EMN) Head-To-Head Comparison|
www.americanbankingnews.com - August 27 at 6:08 PM
|Methanex Corporation (MEOH) Upgraded to Sell at BidaskClub|
www.americanbankingnews.com - August 25 at 7:10 PM
|Methanex Corporation (MEOH) Earns Hold Rating from Royal Bank Of Canada|
www.americanbankingnews.com - August 25 at 5:20 PM
|Global Methanol Market Business Report 2017-2024: MTO/MTP - The Fastest Growing End-use Segment for Methanol|
www.finanznachrichten.de - August 24 at 9:07 AM
|Global Methanol Industry|
www.marketwatch.com - August 24 at 9:07 AM
|Methanex Co. (MEOH) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 23 at 6:32 AM
|Methanex Corp. breached its 50 day moving average in a Bearish Manner : MEOH-US : August 22, 2017|
finance.yahoo.com - August 22 at 3:51 PM
|Methanex Corporation (MEOH) and NewMarket (NEU) Critical Review|
www.americanbankingnews.com - August 21 at 10:22 PM
|BidaskClub Lowers Methanex Corporation (MEOH) to Strong Sell|
www.americanbankingnews.com - August 18 at 9:32 PM
|Contrasting Westlake Chemical Corporation (WLK) & Methanex Corporation (MEOH)|
www.americanbankingnews.com - August 17 at 6:28 AM
|Reviewing Methanex Corporation (MEOH) and CSW Industrials (CSWI)|
www.americanbankingnews.com - August 15 at 12:46 PM
|Methanex Corp. breached its 50 day moving average in a Bearish Manner : MEOH-US : August 11, 2017|
finance.yahoo.com - August 12 at 5:01 AM
|ETFs with exposure to Methanex Corp. : August 11, 2017|
finance.yahoo.com - August 12 at 5:01 AM
|See what the IHS Markit Score report has to say about Methanex Corp.|
finance.yahoo.com - August 11 at 6:27 AM
|Methanex Corporation (NASDAQ:MEOH) Given a $60.00 Price Target by Cowen and Company Analysts|
www.americanbankingnews.com - July 30 at 11:34 PM
|Methanex Corporation's (MEOH) CEO John Floren on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - July 30 at 7:06 PM
|Methanex Corporation (MEOH) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - July 29 at 7:46 AM
|Methanex Corporation (MEOH) Announces Earnings Results, Misses Expectations By $0.23 EPS|
www.americanbankingnews.com - July 28 at 6:58 PM
|Methanex downgraded to Hold from Buy at Tudor Pickering - Seeking Alpha|
seekingalpha.com - July 28 at 4:03 PM
|Methanex Corp. :MEOH-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017|
finance.yahoo.com - July 28 at 4:03 PM
|Methanex Corporation (NASDAQ:MEOH) PT Lowered to $54.00|
www.americanbankingnews.com - July 28 at 3:36 PM
|Methanex Corporation (MEOH) Stock Rating Lowered by Tudor Pickering|
www.americanbankingnews.com - July 28 at 9:07 AM
|Methanex Corporation (NASDAQ:MEOH) PT Lowered to $59.00 at Monness Crespi & Hardt|
www.americanbankingnews.com - July 28 at 8:30 AM
|Methanex Corporation (NASDAQ:MEOH) Price Target Cut to $55.00 by Analysts at Cowen and Company|
www.americanbankingnews.com - July 28 at 7:53 AM
|BRIEF-Methanex increases share repurchase program to 10 pct of public float|
www.reuters.com - July 28 at 4:02 AM
|Methanex posts 2Q profit|
finance.yahoo.com - July 28 at 4:02 AM
|Methanex Corporation (NASDAQ:MEOH) Price Target Increased to $95.00 by Analysts at Scotiabank|
www.americanbankingnews.com - July 27 at 4:04 PM
|Methanex Corporation (MEOH) Authorizes Stock Buyback Program|
www.americanbankingnews.com - July 27 at 11:08 AM
|What Could Spoil the Chemical Industry's Upturn? - Nasdaq|
www.nasdaq.com - July 27 at 4:15 AM
|Methanex (MEOH) Increases its Existing Buyback Program to 10 ... - StreetInsider.com|
www.streetinsider.com - July 27 at 4:15 AM
|Methanex Increases its Existing Share Repurchase Program to 10% of Public Float|
finance.yahoo.com - July 27 at 4:15 AM
|Methanex Reports Second Quarter 2017 Earnings|
finance.yahoo.com - July 27 at 4:15 AM
|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 (MEOH) Chart for Tuesday, September, 26, 2017