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NASDAQ:MEOH - Methanex Stock Price, Forecast & News

$27.70
-1.77 (-6.01 %)
(As of 02/28/2020 07:29 AM ET)
Today's Range
$27.43
Now: $27.70
$28.76
50-Day Range
$27.70
MA: $35.43
$40.43
52-Week Range
$27.43
Now: $27.70
$62.97
Volume557,917 shs
Average Volume469,010 shs
Market Capitalization$2.11 billion
P/E Ratio30.11
Dividend Yield4.89%
Beta1.85
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.

Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNASDAQ:MEOH
CUSIPN/A
Phone604-661-2600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$5.12 per share
Book Value$21.40 per share

Profitability

Net Income$87.77 million

Miscellaneous

Employees1,426
Market Cap$2.11 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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Methanex (NASDAQ:MEOH) Frequently Asked Questions

What is Methanex's stock symbol?

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

How often does Methanex pay dividends? What is the dividend yield for Methanex?

Methanex announced a quarterly dividend on Thursday, January 30th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.36 per share on Tuesday, March 31st. This represents a $1.44 annualized dividend and a yield of 5.20%. The ex-dividend date is Monday, March 16th. View Methanex's Dividend History.

How will Methanex's stock buyback program work?

Methanex declared that its board has initiated a stock repurchase plan on Tuesday, March 6th 2018, which allows the company to buyback 6,590,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) posted its earnings results on Wednesday, January, 29th. The specialty chemicals company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.03. The specialty chemicals company had revenue of $659 million for the quarter, compared to the consensus estimate of $666.88 million. Methanex had a net margin of 3.15% and a return on equity of 4.18%. Methanex's quarterly revenue was down 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 EPS. View Methanex's Earnings History.

When is Methanex's next earnings date?

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Methanex.

What price target have analysts set for MEOH?

12 brokers have issued 1-year price targets for Methanex's shares. Their forecasts range from $26.00 to $69.00. On average, they anticipate Methanex's share price to reach $45.25 in the next year. This suggests a possible upside of 63.4% from the stock's current price. View Analyst Price Targets for Methanex.

What is the consensus analysts' recommendation for Methanex?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

Has Methanex been receiving favorable news coverage?

Headlines about MEOH stock have been trending extremely negative on Friday, according to InfoTrie. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -4.2 on InfoTrie's scale. They also assigned news headlines about the specialty chemicals company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Methanex.

Are investors shorting Methanex?

Methanex saw a decrease in short interest in February. As of February 14th, there was short interest totalling 1,500,000 shares, a decrease of 15.7% from the January 30th total of 1,780,000 shares. Based on an average daily volume of 402,700 shares, the short-interest ratio is presently 3.7 days. Currently, 2.0% of the company's stock are short sold. View Methanex's Current Options Chain.

Who are some of Methanex's key competitors?

What other stocks do shareholders of Methanex own?

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), NIC (EGOV), Allergan (AGN), Athabasca Oil (ATH), Micron Technology (MU), Workday (WDAY) and Transocean (RIG).

Who are Methanex's key executives?

Methanex's management team includes the folowing people:
  • Mr. John N. Floren, Pres, CEO & Director (Age 60)
  • Mr. Ian P. Cameron, Sr. VP of Fin. & CFO
  • Mr. Michael J. Herz, Sr. VP of Corp. Devel.
  • Ms. Vanessa L. James, Sr. VP of Global Marketing & Logistics
  • Mr. Kevin L. Henderson, Sr. VP of Manufacturing

Who are Methanex's major shareholders?

Methanex's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (16.46%), FIL Ltd (4.23%), Connor Clark & Lunn Investment Management Ltd. (2.48%), Guardian Capital LP (2.33%), Renaissance Technologies LLC (1.85%) and Alberta Investment Management Corp (1.32%).

Which major investors are selling Methanex stock?

MEOH stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Russell Investments Group Ltd., Becker Capital Management Inc., UBS Group AG, Massachusetts Financial Services Co. MA, Bank of America Corp DE, Fiera Capital Corp and Guardian Capital LP.

Which major investors are buying Methanex stock?

MEOH stock was purchased by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., FIL Ltd, Connor Clark & Lunn Investment Management Ltd., Renaissance Technologies LLC, Alberta Investment Management Corp, Credit Suisse AG, Cidel Asset Management Inc. and Franklin Resources Inc..

How do I buy shares of Methanex?

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.

What is Methanex's stock price today?

One share of MEOH stock can currently be purchased for approximately $27.70.

How big of a company is Methanex?

Methanex has a market capitalization of $2.11 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 1,426 workers across the globe.View Additional Information About Methanex.

What is Methanex's official website?

The official website for Methanex is http://www.methanex.com/.

How can I contact Methanex?

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]


MarketBeat Community Rating for Methanex (NASDAQ MEOH)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  668 (Vote Outperform)
Underperform Votes:  608 (Vote Underperform)
Total Votes:  1,276
MarketBeat's community ratings are surveys of what our community members think about Methanex and other stocks. Vote "Outperform" if you believe MEOH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEOH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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