Methanex Corporation Company Profile (NASDAQ:MEOH)

About Methanex Corporation (NASDAQ:MEOH)

Methanex Corporation logoMethanex 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
Capitalization:
  • Market Cap: $4.46123 billion
  • Outstanding Shares: 86,124,000
Average Prices:
  • 50 Day Moving Avg: $47.37
  • 200 Day Moving Avg: $45.19
  • 52 Week Range: $29.03 - $53.35
P/E:
  • Trailing P/E Ratio: 20.16
  • Foreward P/E Ratio: 14.80
  • P/E Growth: 1.02
Sales & Book Value:
  • Annual Revenue: $2.58 billion
  • Price / Sales: 1.73
  • Book Value: $18.51 per share
  • Price / Book: 2.80
Dividend:
  • Annual Dividend: $1.20
  • Dividend Yield: 2.3%
Profitability:
  • EBIDTA: $572.88 million
  • Net Margins: 8.92%
  • Return on Equity: 12.43%
  • Return on Assets: 4.96%
Debt:
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 1.73%
  • Quick Ratio: 1.31%
Misc:
  • 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 declared a quarterly dividend on Friday, July 21st. Shareholders 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 annualized dividend and a yield of 2.32%. 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 declared that its board has approved a stock buyback plan on Thursday, July 27th 2017, which permits the company to buyback 1,660,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Methanex Corporation's earnings last quarter?

Methanex Corporation (NASDAQ:MEOH) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by $0.23. The business had revenue of $669 million for the quarter, compared to analyst estimates 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 prior year, the firm posted ($0.34) earnings per share. View Methanex Corporation's Earnings History.

When will Methanex Corporation make its next earnings announcement?

Methanex Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Methanex Corporation.

Where is Methanex Corporation's stock going? Where will Methanex Corporation's stock price be in 2017?

13 brokers have issued 12-month target prices for Methanex Corporation's stock. Their predictions range from $36.00 to $95.00. On average, they expect Methanex Corporation's stock price to reach $59.62 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?

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 a number of of institutional and retail investors. Top institutional shareholders 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 bought 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?

One share of Methanex Corporation stock can currently be purchased for approximately $51.80.


MarketBeat Community Rating for Methanex Corporation (NASDAQ MEOH)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  387 (Vote Outperform)
Underperform Votes:  336 (Vote Underperform)
Total Votes:  723
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.

Analyst Ratings

Consensus Ratings for Methanex Corporation (NASDAQ:MEOH) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.54)
Consensus Price Target: $59.62 (15.09% upside)

Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/18/2017TD SecuritiesBoost Price TargetBuy$71.00MediumView Rating Details
9/12/2017Jefferies Group LLCBoost Price TargetBuy$60.00MediumView Rating Details
9/1/2017Cowen and CompanyReiterated RatingBuy$55.00MediumView Rating Details
8/25/2017Royal Bank Of CanadaReiterated RatingHoldLowView Rating Details
7/28/2017Tudor PickeringDowngradeBuy -> Hold$52.00 -> $46.00LowView Rating Details
7/28/2017Monness Crespi & HardtLower Price TargetBuy$62.00 -> $59.00LowView Rating Details
7/27/2017ScotiabankBoost Price TargetSector Perform$53.00 -> $95.00LowView Rating Details
7/27/2017Alembic Global AdvisorsSet Price TargetBuy$65.00MediumView Rating Details
6/30/2017BMO Capital MarketsReiterated RatingBuyLowView Rating Details
6/1/2017Citigroup Inc.Reiterated RatingNeutral$50.00 -> $45.00LowView Rating Details
5/10/2017Sanford C. BernsteinInitiated CoverageUnderperform$36.00MediumView Rating Details
4/10/2017Raymond James Financial, Inc.Reiterated RatingOutperform$80.00LowView Rating Details
3/29/2017CIBCUpgradeSector Perform -> Sector Outperform$45.00 -> $56.00HighView Rating Details
(Data available from 9/25/2015 forward)

Earnings

Earnings History for Methanex Corporation (NASDAQ:MEOH)
Earnings by Quarter for Methanex Corporation (NASDAQ:MEOH)
Earnings History by Quarter for Methanex Corporation (NASDAQ MEOH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017        
7/26/2017Q2$1.08$0.85$772.41 million$669.00 millionViewN/AView Earnings Details
4/26/2017Q1$1.38$1.56$833.32 million$810.00 millionViewN/AView Earnings Details
1/25/2017Q416$0.20$0.46$544.94 million$585.00 millionViewN/AView Earnings Details
10/26/2016Q316($0.21)($0.01)$2.09 million$2.48 millionViewN/AView Earnings Details
7/27/2016Q216($0.27)($0.34)$422.82 million$468.00 millionViewN/AView Earnings Details
10/28/2015Q315$0.28$0.54$641.40 million$527.00 millionViewListenView Earnings Details
7/29/2015Q215$0.75$0.52$639.19 million$637.80 millionViewListenView Earnings Details
4/29/2015Q115$0.50$0.09$612.54 million$576.74 millionViewN/AView Earnings Details
1/28/2015Q414$0.93$1.11$740.77 million$733.50 millionViewN/AView Earnings Details
10/29/2014Q314$0.65$0.54$685.80 million$730.00 millionViewN/AView Earnings Details
7/30/2014Q2 2014$1.02$1.01$822.40 million$791.31 millionViewN/AView Earnings Details
4/29/2014Q1 2014$1.84$1.50$1.00 billion$968.48 millionViewN/AView Earnings Details
1/29/2014Q4$1.51$1.72ViewN/AView Earnings Details
1/31/2013Q412$0.55$0.64$713.48 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Methanex Corporation (NASDAQ:MEOH)
2017 EPS Consensus Estimate: $2.71
2018 EPS Consensus Estimate: $4.70
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$0.43$1.56$0.90
Q2 20175$0.14$1.05$0.70
Q3 20175$0.23$0.92$0.59
Q4 20173$0.18$0.72$0.52
Q1 20181$0.91$0.91$0.91
Q2 20181$1.15$1.15$1.15
Q3 20181$0.93$0.93$0.93
Q4 20181$1.71$1.71$1.71
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Methanex Corporation (NASDAQ:MEOH)
Next Dividend:9/30/2017
Annual Dividend:$1.20
Dividend Yield:2.32%
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 Payments by Quarter for Methanex Corporation (NASDAQ:MEOH)

Dividend History by Quarter for Methanex Corporation (NASDAQ MEOH)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/21/2017quarterly$0.302.62%9/14/20179/16/20179/30/2017
4/28/2017quarterly$0.302.61%6/14/20176/16/20176/30/2017
1/27/2017quarterly$0.282.19%3/15/20173/17/20173/31/2017
11/18/2016quarterly$0.282.9%12/14/201612/17/201612/31/2016
7/15/2016quarterly$0.283.74%9/14/20169/16/20169/30/2016
4/29/2016quarterly$0.283.15%6/14/20166/16/20166/30/2016
1/29/2016quarterly$0.284.15%3/15/20163/17/20163/31/2016
11/20/2015quarterly$0.282.98%12/15/201512/17/201512/31/2015
7/17/2015quarterly$0.282.28%9/14/20159/16/20159/30/2015
5/1/2015quarterly$0.281.81%6/12/20156/16/20156/30/2015
1/30/2015quarterly$0.252.27%3/13/20153/17/20153/31/2015
12/1/2014quarterly$0.251.97%12/15/201412/17/201412/31/2014
7/18/2014quarterly$0.251.51%9/12/20149/16/20149/30/2014
4/29/2014quarterly$0.251.61%6/12/20146/16/20146/30/2014
1/30/2014quarterly$0.201.34%3/13/20143/17/20143/31/2014
11/29/2013quarterly$0.201.3%12/13/201312/17/201312/31/2013
7/19/2013quarterly$0.201.76%9/12/20139/16/20139/30/2013
4/25/2013quarterly$0.201.9%6/12/20136/16/20136/30/2013
1/31/2013quarterly$0.192.11%3/13/20133/17/20133/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Methanex Corporation (NASDAQ:MEOH)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Methanex Corporation (NASDAQ:MEOH)
Latest Headlines for Methanex Corporation (NASDAQ:MEOH)
Source:
DateHeadline
americanbankingnews.com logoMethanex Corporation (MEOH) PT Raised to $71.00 at TD Securities
www.americanbankingnews.com - September 18 at 3:18 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - September 17 at 6:38 AM
americanbankingnews.com logoZacks: Analysts Anticipate Methanex Co. (MEOH) to Post $0.54 Earnings Per Share
www.americanbankingnews.com - September 16 at 8:24 PM
americanbankingnews.com logoLyondellBasell Industries NV (LYB) vs. Methanex Corporation (MEOH) Head-To-Head Survey
www.americanbankingnews.com - September 14 at 8:08 AM
nasdaq.com logoMethanex Corporation (MEOH) Ex-Dividend Date Scheduled for September 14, 2017 - Nasdaq
www.nasdaq.com - September 14 at 7:39 AM
americanbankingnews.com logoQ3 2017 EPS Estimates for Methanex Corporation Increased by Jefferies Group (MEOH)
www.americanbankingnews.com - September 14 at 6:36 AM
americanbankingnews.com logoReviewing Methanex Corporation (MEOH) and The Competition
www.americanbankingnews.com - September 9 at 6:22 PM
finance.yahoo.com logoMethanex to Webcast Investor Conference on September 15, 2017
finance.yahoo.com - September 9 at 6:10 AM
americanbankingnews.com logoMethanex Corporation (MEOH) Given "Buy" Rating at Cowen and Company
www.americanbankingnews.com - September 4 at 9:26 PM
finance.yahoo.com logoMethanex Corp. – Value Analysis (NASDAQ:MEOH) : August 30, 2017
finance.yahoo.com - August 30 at 6:30 AM
americanbankingnews.com logo$0.50 EPS Expected for Methanex Corporation (MEOH) This Quarter
www.americanbankingnews.com - August 29 at 8:18 AM
americanbankingnews.com logoMethanex Corporation (MEOH) and Eastman Chemical (EMN) Head-To-Head Comparison
www.americanbankingnews.com - August 27 at 6:08 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Upgraded to Sell at BidaskClub
www.americanbankingnews.com - August 25 at 7:10 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Earns Hold Rating from Royal Bank Of Canada
www.americanbankingnews.com - August 25 at 5:20 PM
finanznachrichten.de logoGlobal 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
marketwatch.com logoGlobal Methanol Industry
www.marketwatch.com - August 24 at 9:07 AM
americanbankingnews.com logoMethanex Co. (MEOH) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - August 23 at 6:32 AM
finance.yahoo.com logoMethanex 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
americanbankingnews.com logoMethanex Corporation (MEOH) and NewMarket (NEU) Critical Review
www.americanbankingnews.com - August 21 at 10:22 PM
americanbankingnews.com logoBidaskClub Lowers Methanex Corporation (MEOH) to Strong Sell
www.americanbankingnews.com - August 18 at 9:32 PM
americanbankingnews.com logoContrasting Westlake Chemical Corporation (WLK) & Methanex Corporation (MEOH)
www.americanbankingnews.com - August 17 at 6:28 AM
americanbankingnews.com logoReviewing Methanex Corporation (MEOH) and CSW Industrials (CSWI)
www.americanbankingnews.com - August 15 at 12:46 PM
finance.yahoo.com logoMethanex 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
finance.yahoo.com logoETFs with exposure to Methanex Corp. : August 11, 2017
finance.yahoo.com - August 12 at 5:01 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Methanex Corp.
finance.yahoo.com - August 11 at 6:27 AM
americanbankingnews.com logoMethanex Corporation (NASDAQ:MEOH) Given a $60.00 Price Target by Cowen and Company Analysts
www.americanbankingnews.com - July 30 at 11:34 PM
seekingalpha.com logoMethanex Corporation's (MEOH) CEO John Floren on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 30 at 7:06 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 29 at 7:46 AM
americanbankingnews.com logoMethanex Corporation (MEOH) Announces Earnings Results, Misses Expectations By $0.23 EPS
www.americanbankingnews.com - July 28 at 6:58 PM
seekingalpha.com logoMethanex downgraded to Hold from Buy at Tudor Pickering - Seeking Alpha
seekingalpha.com - July 28 at 4:03 PM
finance.yahoo.com logoMethanex Corp. :MEOH-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 28 at 4:03 PM
americanbankingnews.com logoMethanex Corporation (NASDAQ:MEOH) PT Lowered to $54.00
www.americanbankingnews.com - July 28 at 3:36 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Stock Rating Lowered by Tudor Pickering
www.americanbankingnews.com - July 28 at 9:07 AM
americanbankingnews.com logoMethanex Corporation (NASDAQ:MEOH) PT Lowered to $59.00 at Monness Crespi & Hardt
www.americanbankingnews.com - July 28 at 8:30 AM
americanbankingnews.com logoMethanex Corporation (NASDAQ:MEOH) Price Target Cut to $55.00 by Analysts at Cowen and Company
www.americanbankingnews.com - July 28 at 7:53 AM
reuters.com logoBRIEF-Methanex increases share repurchase program to 10 pct of public float
www.reuters.com - July 28 at 4:02 AM
finance.yahoo.com logoMethanex posts 2Q profit
finance.yahoo.com - July 28 at 4:02 AM
americanbankingnews.com logoMethanex Corporation (NASDAQ:MEOH) Price Target Increased to $95.00 by Analysts at Scotiabank
www.americanbankingnews.com - July 27 at 4:04 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Authorizes Stock Buyback Program
www.americanbankingnews.com - July 27 at 11:08 AM
nasdaq.com logoWhat Could Spoil the Chemical Industry's Upturn? - Nasdaq
www.nasdaq.com - July 27 at 4:15 AM
streetinsider.com logoMethanex (MEOH) Increases its Existing Buyback Program to 10 ... - StreetInsider.com
www.streetinsider.com - July 27 at 4:15 AM
finance.yahoo.com logoMethanex Increases its Existing Share Repurchase Program to 10% of Public Float
finance.yahoo.com - July 27 at 4:15 AM
finance.yahoo.com logoMethanex Reports Second Quarter 2017 Earnings
finance.yahoo.com - July 27 at 4:15 AM
americanbankingnews.com logoMethanex Corporation Plans Quarterly Dividend of $0.30 (MEOH)
www.americanbankingnews.com - July 21 at 4:29 PM
bizjournals.com logoGlobal Bio-Based Chemicals Market Forecast 2017-2025
www.bizjournals.com - July 21 at 2:14 AM
nasdaq.com logoMethanex Corporation – Notice of Cash Dividend
www.nasdaq.com - July 21 at 2:14 AM
americanbankingnews.com logoMethanex Corporation (MEOH) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - July 17 at 2:52 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Lifted to "Hold" at BidaskClub
www.americanbankingnews.com - July 16 at 12:58 PM
americanbankingnews.com logoMethanex 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
americanbankingnews.com logoMethanex Corporation (MEOH) Given a $53.00 Price Target by Scotiabank Analysts
www.americanbankingnews.com - July 4 at 2:21 PM

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Chart

Methanex Corporation (MEOH) Chart for Monday, September, 25, 2017

This page was last updated on 9/25/2017 by MarketBeat.com Staff