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 - NEC
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MEOH
  • CUSIP: N/A
  • Web: www.methanex.com
Capitalization:
  • Market Cap: $3.99337 billion
  • Outstanding Shares: 86,624,000
Average Prices:
  • 50 Day Moving Avg: $43.00
  • 200 Day Moving Avg: $45.69
  • 52 Week Range: $26.83 - $53.35
P/E:
  • Trailing P/E Ratio: 29.46
  • Foreward P/E Ratio: 10.13
  • P/E Growth: 0.84
Sales & Book Value:
  • Annual Revenue: $2.37 billion
  • Price / Sales: 1.71
  • Book Value: $18.60 per share
  • Price / Book: 2.51
Dividend:
  • Annual Dividend: $1.20
  • Dividend Yield: 2.6%
Profitability:
  • EBIDTA: $443.93 million
  • Net Margins: 6.01%
  • Return on Equity: 7.04%
  • Return on Assets: 2.85%
Debt:
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 1.81%
  • Quick Ratio: 1.28%
Misc:
  • Average Volume: 884,995 shs.
  • Beta: 1.78
  • Short Ratio: 7.78
 
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 2.57%. 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 announced that its Board of Directors has approved a stock buyback program on Thursday, April 6th 2017, which allows the company to repurchase 4,490,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

How were Methanex Corporation's earnings last quarter?

Methanex Corporation (NASDAQ:MEOH) released its quarterly earnings data on Wednesday, October, 26th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.20. The business had revenue of $2.48 million for the quarter, compared to the consensus estimate of $2.09 million. Methanex Corporation had a net margin of 6.01% and a return on equity of 7.04%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. View Methanex Corporation's Earnings History.

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

11 analysts have issued 12-month price objectives for Methanex Corporation's shares. Their forecasts range from $36.00 to $80.00. On average, they expect Methanex Corporation's stock price to reach $56.36 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 Floren, President, Chief Executive Officer, Director
  • Ian P. Cameron, Chief Financial Officer, Senior Vice President - Finance
  • Kevin L. Henderson, Senior Vice President of Marketing
  • Vanessa L. James, Senior Vice President - Global Marketing and Logistics
  • Wendy L. Bach, Senior Vice President - Corporate Resources
  • Michael J. Herz, Senior Vice President - Corporate Development
  • Douglas James Arnell, Director
  • Bruce M. Aitken, Independent Director
  • Howard Robert Balloch, Independent Director

Who owns Methanex Corporation stock?

Methanex Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (1.17%), Bank of Montreal Can (1.06%), APG Asset Management N.V. (0.16%), Aperio Group LLC (0.10%), US Bancorp DE (0.03%) and BB&T Corp (0.03%). 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 Cottage Street Advisors LLC, Aperio Group LLC and OLD National Bancorp IN. 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 Montreal Can, Russell Investments Group Ltd., Mn Services Vermogensbeheer B.V., Westbourne Investment Advisors Inc., BB&T Corp and US Bancorp DE. 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 $46.70.


MarketBeat Community Rating for Methanex Corporation (NASDAQ MEOH)
Community Ranking:  2.7 out of 5 ( )
Outperform Votes:  350 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  651
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, 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.55)
Consensus Price Target: $56.36 (20.69% upside)

Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/18/2017Royal Bank Of CanadaLower Price TargetSector Perform -> Sector Perform$54.00 -> $50.00HighView Rating Details
7/4/2017ScotiabankSet Price TargetSector Perform$53.00HighView Rating Details
6/30/2017BMO Capital MarketsReiterated RatingBuyLowView Rating Details
6/1/2017Citigroup Inc.Reiterated RatingNeutral$50.00 -> $45.00LowView Rating Details
5/15/2017Jefferies Group LLCReiterated RatingBuy$60.00MediumView Rating Details
5/10/2017Sanford C. BernsteinInitiated CoverageUnderperform$36.00MediumView Rating Details
4/28/2017TD SecuritiesUpgradeHold -> Buy$53.00 -> $56.00HighView Rating Details
4/17/2017Monness Crespi & HardtUpgradeNeutral -> Buy$67.00HighView Rating Details
4/10/2017Raymond James Financial, Inc.Reiterated RatingOutperform$80.00LowView Rating Details
4/4/2017Cowen and CompanyReiterated RatingOutperform$60.00MediumView Rating Details
3/29/2017CIBCUpgradeSector Perform -> Sector Outperform$45.00 -> $56.00HighView Rating Details
9/21/2015Howard WeilInitiated CoverageOutperformN/AView Rating Details
(Data available from 7/26/2015 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
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: $2.93
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$0.64
Q4 20173$0.67$0.72$0.69
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:2.57%
Payout Ratio:75.47% (Trailing 12 Months of Earnings)
26.97% (Based on This Year's Estimates)
26.03% (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 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
americanbankingnews.com logoMethanex Corporation (NASDAQ:MEOH) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 4 at 8:51 AM
americanbankingnews.com logoBMO Capital Markets Reaffirms "Buy" Rating for Methanex Corporation (MEOH)
www.americanbankingnews.com - July 1 at 8:04 AM
finance.yahoo.com logoMethanex Corp. – Value Analysis (NASDAQ:MEOH) : June 30, 2017
finance.yahoo.com - July 1 at 1:05 AM
finance.yahoo.com logoMethanex Corp. breached its 50 day moving average in a Bullish Manner : MEOH-US : June 29, 2017
finance.yahoo.com - June 30 at 1:29 AM
americanbankingnews.com logo$1.21 EPS Expected for Methanex Corporation (MEOH) This Quarter
www.americanbankingnews.com - June 27 at 12:14 PM
americanbankingnews.com logoMethanex Corporation (MEOH) to Post Q2 2017 Earnings of $1.09 Per Share, Jefferies Group Forecasts
www.americanbankingnews.com - June 22 at 7:34 AM
americanbankingnews.com logoJefferies Group Weighs in on Methanex Corporation's FY2017 Earnings (MEOH)
www.americanbankingnews.com - June 21 at 9:20 AM
americanbankingnews.com logoMethanex Corporation (MEOH) & Axiall Corp (AXLL) Head-To-Head Review
www.americanbankingnews.com - June 18 at 7:24 AM
americanbankingnews.com logoMethanex Corporation (MEOH) Upgraded to Buy at ValuEngine
www.americanbankingnews.com - June 17 at 8:34 AM
nasdaq.com logoMethanex Corporation (MEOH) Ex-Dividend Date Scheduled for June 14, 2017 - Nasdaq
www.nasdaq.com - June 14 at 9:57 PM
americanbankingnews.com logoMethanex Corporation (MEOH) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - June 14 at 7:20 PM
americanbankingnews.com logoShort Interest in Methanex Co. (MEOH) Grows By 13.5%
www.americanbankingnews.com - June 14 at 7:10 AM
investorplace.com logoEx-Dividend Reminders Include AVX Corporation (AVX) and Methanex Corporation (USA) (MEOH)
investorplace.com - June 12 at 5:34 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 9 at 7:46 AM
americanbankingnews.com logoMethanex's (MEOH) Neutral Rating Reaffirmed at Citigroup Inc
www.americanbankingnews.com - June 1 at 6:40 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Methanex Co. (MEOH) Will Post Earnings of $1.08 Per Share
www.americanbankingnews.com - June 1 at 10:28 AM
americanbankingnews.com logoFY2017 EPS Estimates for Methanex Co. (MEOH) Reduced by Jefferies Group
www.americanbankingnews.com - June 1 at 10:08 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Methanex Co. Decreased by Jefferies Group (MEOH)
www.americanbankingnews.com - May 31 at 7:24 AM
americanbankingnews.com logoMethanex Co. (MEOH) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 23 at 12:36 PM
finance.yahoo.com logoZacks.com featured highlights: Methanex, POSCO, Mobile TeleSystems OJSC and Western Digital
finance.yahoo.com - May 17 at 6:28 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given "Buy" Rating at Jefferies Group LLC
www.americanbankingnews.com - May 15 at 9:34 PM
americanbankingnews.com logoMethanex Co. (MEOH) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 15 at 9:42 AM
finance.yahoo.com logoMethanex to Present at BMO Capital Markets 12th Annual Farm to Market Conference
finance.yahoo.com - May 10 at 6:33 PM
americanbankingnews.com logoSanford C. Bernstein Initiates Coverage on Methanex Co. (MEOH)
www.americanbankingnews.com - May 10 at 5:20 PM
finance.yahoo.com logoKronos Worldwide (KRO) Q1 Earnings, Sales Trump Estimates
finance.yahoo.com - May 10 at 12:31 PM
americanbankingnews.com logoZacks: Brokerages Expect Methanex Co. (MEOH) Will Post Earnings of $0.90 Per Share
www.americanbankingnews.com - May 8 at 9:50 AM
americanbankingnews.com logoMethanex Co. (MEOH) Upgraded at TheStreet
www.americanbankingnews.com - May 6 at 11:14 PM
finance.yahoo.com logoTop Ranked Value Stocks to Buy for May 4th
finance.yahoo.com - May 4 at 11:41 AM
finance.yahoo.com logoETFs with exposure to Methanex Corp. : May 1, 2017
finance.yahoo.com - May 1 at 5:31 PM
americanbankingnews.com logoQ1 2018 EPS Estimates for Methanex Co. Cut by Analyst (MEOH)
www.americanbankingnews.com - May 1 at 12:31 PM
americanbankingnews.com logoMethanex Co. (MEOH) Receives "Buy" Rating from BMO Capital Markets
www.americanbankingnews.com - April 30 at 9:11 PM
americanbankingnews.com logoMethanex (MEOH) Receiving Favorable Press Coverage, Analysis Shows
www.americanbankingnews.com - April 29 at 9:56 PM
americanbankingnews.com logoMethanex Co. (MEOH) PT Lowered to $54.00 at Royal Bank of Canada
www.americanbankingnews.com - April 29 at 10:06 AM
americanbankingnews.com logoMethanex Co. (MEOH) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS
www.americanbankingnews.com - April 29 at 1:21 AM
americanbankingnews.com logoMethanex Co. (MEOH) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS
www.americanbankingnews.com - April 29 at 12:34 AM
americanbankingnews.com logoMethanex Co. (MEOH) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS
www.americanbankingnews.com - April 29 at 12:10 AM
americanbankingnews.com logoMethanex Co. (MEOH) Increases Dividend to $0.30 Per Share
www.americanbankingnews.com - April 28 at 11:54 PM
americanbankingnews.com logoMethanex Co. (MEOH) Announces Earnings Results
www.americanbankingnews.com - April 28 at 11:14 PM
finance.yahoo.com logoMethanex Corp. :MEOH-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017
finance.yahoo.com - April 28 at 7:25 PM
finance.yahoo.com logoMethanex Reports on Annual and Special Meeting of Shareholders
finance.yahoo.com - April 28 at 7:25 PM
americanbankingnews.com logoMethanex Co. (MEOH) Rating Increased to Buy at TD Securities
www.americanbankingnews.com - April 28 at 9:24 AM
finance.yahoo.com logoInvestor Network: Methanex Corporation to Host Earnings Call
finance.yahoo.com - April 27 at 7:03 PM
finance.yahoo.com logoMethanex Corporation-Notice of Cash Dividend
finance.yahoo.com - April 27 at 7:03 PM

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Chart

Methanex Corporation (MEOH) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff