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 (WHO). Since then, MEOH shares have increased by 7.7% and is now trading at $18.75. View which stocks have been most impacted by Coronavirus.

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, July 29th 2020. View our earnings forecast for Methanex.

Methanex Co. (NASDAQ:MEOH) released its quarterly earnings data on Tuesday, May, 5th. The specialty chemicals company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The specialty chemicals company had revenue of $696 million for the quarter, compared to analysts' expectations of $703.23 million. Methanex had a net margin of 2.59% and a return on equity of 1.39%. The company's revenue for the quarter was down 22.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. View Methanex's earnings history.

Methanex declared a quarterly dividend on Friday, May 1st. Investors of record on Tuesday, June 16th will be given a dividend of $0.0375 per share on Tuesday, June 30th. This represents a $0.15 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, June 15th. View Methanex's dividend history.

16 Wall Street analysts have issued 1-year price objectives for Methanex's shares. Their forecasts range from $8.00 to $55.00. On average, they anticipate Methanex's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets for Methanex.

News articles about MEOH stock have been trending negative on Sunday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Methanex earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Methanex.

Methanex saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,970,000 shares, a drop of 38.4% from the June 15th total of 4,820,000 shares. Based on an average trading volume of 940,700 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.9% of the shares of the company are sold short. View Methanex's Current Options Chain.

Some companies that are related to Methanex include NewMarket (NEU), Braskem (BRKMY), Braskem (BAK), Sensient Technologies (SXT), Renewable Energy Group (REGI), Amyris (AMRS), Codexis (CDXS), Westlake Chemical Partners (WLKP), FutureFuel (FF), REX American Resources (REX), Landstar (LDSR), Green Plains (GPRE), Solarwindow Technologies (WNDW), Green Plains Partners (GPP) and Pacific Ethanol (PEIX). View all competitors.

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."

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 $18.75.

Methanex has a market capitalization of $1.43 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]