NASDAQ:MEOHMethanex Stock Price, Forecast & News

Methanex's stock was trading at $17.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEOH stock has increased by 12.4% and is now trading at $19.57.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 3 sell ratings, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Methanex.

Methanex is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Methanex.

Methanex Co. (NASDAQ:MEOH) issued its earnings results on Wednesday, July, 29th. The specialty chemicals company reported ($0.84) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.04) by $0.20. The specialty chemicals company earned $512 million during the quarter, compared to analyst estimates of $482.39 million. Methanex had a negative net margin of 1.66% and a negative return on equity of 4.07%. The firm's quarterly revenue was down 39.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share.
View Methanex's earnings history.

Methanex announced a quarterly dividend on Thursday, July 16th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.038 per share on Wednesday, September 30th. This represents a $0.15 annualized dividend and a yield of 0.78%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Methanex's previous quarterly dividend of $0.04.
View Methanex's dividend history.

16 brokerages have issued 12 month target prices for Methanex's shares. Their forecasts range from $8.00 to $55.00. On average, they expect Methanex's stock price to reach $25.93 in the next year. This suggests a possible upside of 32.5% from the stock's current price.
View analysts' price targets for Methanex.

News articles about MEOH stock have trended very positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methanex earned a coverage optimism score of 4.0 on InfoTrie's scale. They also assigned news stories about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Methanex.

Methanex saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,470,000 shares, a decrease of 7.8% from the July 15th total of 2,680,000 shares. Based on an average daily volume of 766,100 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.3% of the shares of the stock are short sold.
View Methanex's Current Options Chain.

Some companies that are related to Methanex include NewMarket (NEU), Braskem (BAK), Braskem (BRKMY), Sensient Technologies (SXT), Renewable Energy Group (REGI), Codexis (CDXS), Westlake Chemical Partners (WLKP), Amyris (AMRS), FutureFuel (FF), Green Plains (GPRE), REX American Resources (REX), Solarwindow Technologies (WNDW), Green Plains Partners (GPP), Pacific Ethanol (PEIX) and Landstar (LDSR).
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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), AT&T (T), NIC (EGOV), Altria Group (MO), Verizon Communications (VZ), AbbVie (ABBV) and Allergan (AGN).

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

Methanex's stock is owned by many different retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (19.20%), Intact Investment Management Inc. (0.59%), Granite Investment Partners LLC (0.58%), Swiss National Bank (0.19%), CIBC Asset Management Inc (0.07%) and Trexquant Investment LP (0.06%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Swiss National Bank, and Zurcher Kantonalbank Zurich Cantonalbank .

MEOH stock was purchased by a variety of institutional investors in the last quarter, including Granite Investment Partners LLC, M&G Investment Management Ltd., Intact Investment Management Inc., New York State Common Retirement Fund, JustInvest LLC, UBS Group AG, Trexquant Investment LP, and Trinity Legacy Partners LLC.

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 $19.57.

Methanex has a market capitalization of $1.49 billion and generates $2.78 billion in revenue each year. The specialty chemicals company earns $87.77 million in net income (profit) each year or $0.93 on an earnings per share basis. Methanex employs 1,544 workers across the globe.

The official website for Methanex is 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]