NASDAQ:MEOHMethanex Stock Price, Forecast & News

Methanex's stock was trading at $17.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MEOH stock has increased by 24.1% and is now trading at $21.61.
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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) released its quarterly earnings results on Wednesday, July, 29th. The specialty chemicals company reported ($0.84) earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 4.07% and a negative net margin of 1.66%. Methanex's revenue for the quarter was down 39.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS.
View Methanex's earnings history.

Methanex announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.038 per share on Wednesday, September 30th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from Methanex's previous quarterly dividend of $0.04.
View Methanex's dividend history.

16 Wall Street analysts have issued 12-month price targets 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 twelve months. This suggests a possible upside of 20.0% from the stock's current price.
View analysts' price targets for Methanex.

Media headlines about MEOH stock have been trending somewhat negative on Friday, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methanex earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave media coverage 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 effect on the stock's share price in the near term.
View the latest news about Methanex.

Methanex saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,970,000 shares, a decline of 38.4% from the May 31st total of 4,820,000 shares. Based on an average daily trading volume, of 940,700 shares, the short-interest ratio is presently 3.2 days. Approximately 3.9% of the shares of the company are short sold.
View Methanex's Short Interest.

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), Enterprise Products Partners (EPD), Verizon Communications (VZ), AbbVie (ABBV), NIC (EGOV) and Altria Group (MO).

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

Methanex's stock is owned by a variety of institutional and retail investors. Top institutional investors include M&G Investment Management Ltd. (19.20%), FIL Ltd (5.96%), Vanguard Group Inc. (2.50%), Intact Investment Management Inc. (0.59%), Granite Investment Partners LLC (0.58%) and TD Asset Management Inc. (0.56%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Point72 Asset Management L.P., Bank of America Corp DE, Nicola Wealth Management LTD., Swiss National Bank, FIL Ltd, Bank of New York Mellon Corp, and Pinnacle Associates Ltd..

MEOH stock was purchased by a variety of institutional investors in the last quarter, including Granite Investment Partners LLC, M&G Investment Management Ltd., Balyasny Asset Management LLC, Marshall Wace North America L.P., TD Asset Management Inc., Goldman Sachs Group Inc., Intact Investment Management Inc., and Marshall Wace LLP.

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 $21.61.

Methanex has a market capitalization of $1.65 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]