NASDAQ:MEOH Methanex - MEOH Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Methanex Co. Please log in to your account or sign up in order to add this asset to your watchlist. $44.15 -0.81 (-1.80%) (As of 03/24/2023 08:51 PM ET) Add Compare Share Share Today's Range$43.37▼$44.3350-Day Range$44.15▼$54.7052-Week Range$28.73▼$56.79Volume328,900 shsAverage Volume351,049 shsMarket Capitalization$3.04 billionP/E Ratio9.88Dividend Yield1.59%Price Target$54.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Methanex MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside23.4% Upside$54.50 Price TargetShort InterestHealthy1.40% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.03Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth12.04%From $3.82 to $4.28 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.75 out of 5 starsBasic Materials Sector27th out of 160 stocksIndustrial Organic Chemicals Industry3rd out of 20 stocks 3.3 Analyst's Opinion Consensus RatingMethanex has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $54.50, Methanex has a forecasted upside of 23.4% from its current price of $44.15.Amount of Analyst CoverageMethanex has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.40% of the float of Methanex has been sold short.Short Interest Ratio / Days to CoverMethanex has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Methanex has recently increased by 11.97%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMethanex pays a meaningful dividend of 1.56%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMethanex has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Methanex is 15.66%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Methanex will have a dividend payout ratio of 16.36% next year. This indicates that Methanex will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEOH. Previous Next 2.8 News and Social Media Coverage News SentimentMethanex has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Methanex this week, compared to 3 articles on an average week.Search InterestOnly 3 people have searched for MEOH on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.MarketBeat Follows8 people have added Methanex to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Methanex insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Methanex is held by insiders.Percentage Held by Institutions69.38% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Methanex are expected to grow by 12.04% in the coming year, from $3.82 to $4.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Methanex is 9.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Methanex is 9.88, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 81.99.Price to Book Value per Share RatioMethanex has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Methanex (NASDAQ:MEOH) StockMethanex Corp. engages in the production and supply of methanol. The firm supplies in the international market such as North America, Asia Pacific, Europe, and South America. It also operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.Read More Receive MEOH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter. Email Address MEOH Stock News HeadlinesMarch 14, 2023 | markets.businessinsider.comPositive Report for Methanex (MEOH) from Alembic GlobalFebruary 27, 2023 | marketwatch.comGreen Methanol Market 2023 ACCURATE PREDICTIONS with Fastest-Growing Segment till 2028March 27, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastFebruary 13, 2023 | marketwatch.comGreen Methanol Market 2023 SWOT Analysis and Forecast to 2029 Top Players - OCI N.V., Methanex, Enerkem, SodraFebruary 10, 2023 | finance.yahoo.comWhat Makes Methanex (MEOH) a Strong Momentum Stock: Buy Now?February 10, 2023 | finance.yahoo.comCan Methanex (MEOH) Run Higher on Rising Earnings Estimates?February 6, 2023 | finance.yahoo.comMethanex Corporation (NASDAQ:MEOH) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | finance.yahoo.comMethanex (MEOH) Q4 Earnings and Revenues Beat EstimatesMarch 27, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastFebruary 2, 2023 | marketwatch.comGlobal Renewable Methanol Market [2023-2030] | Stay Ahead of the Competition with our Latest Statistical Report | Top Countries DataJanuary 23, 2023 | finance.yahoo.comTop News: Methanol Market to Hit $39.18 Billion by 2028 | Fortune Business Insights™January 18, 2023 | marketwatch.comMethanol Feedstock Market 2023 In-Depth Analysis by Focusing on Leading Key Players: Celanese, BASF, Methanex, SABICJanuary 13, 2023 | marketwatch.comMarket Size and Analysis of Methanol on a Global Scale, Featuring Key Players and Forecast to 2028January 4, 2023 | marketwatch.comRenewable Methanol Market 2023 : Trend Analysis, Competitive Outlook of Top Industry Players and Future Expansion by 2028December 13, 2022 | finance.yahoo.comMethanex Announces Changes to Executive Leadership TeamNovember 25, 2022 | finance.yahoo.comWhy Is Methanex (MEOH) Up 14.4% Since Last Earnings Report?November 3, 2022 | finance.yahoo.comMethanex's (MEOH) Earnings Lag Estimates in Q3, Sales BeatOctober 26, 2022 | finance.yahoo.comMethanex (MEOH) Misses Q3 Earnings EstimatesOctober 26, 2022 | benzinga.comMethanex Recognized as Canada's Safest Chemistry EmployerOctober 25, 2022 | marketwatch.comBio Methanol Market To Show Incredible Growth And Forecast By 2028 Segment, Privacy Tools And Key Companies Information | 87 Pages ReportOctober 22, 2022 | benzinga.comGlobal Green Methanol Market to Reach $3.15 Billion by 2031 - Exclusive DeepTech M-A-PTM Analysis by BIS ResearchOctober 13, 2022 | nasdaq.comCanadian Stocks Rebound After Early Setback; TSX Gains 2.2% - NasdaqOctober 13, 2022 | finance.yahoo.comMethanol Market Size to Reach USD 34.05 Billion by 2028 | Rising Methanol Demand for Chemicals Industry in Asia Pacific According to Brandessence Market Research - Yahoo FinanceSeptember 30, 2022 | benzinga.comOverview Of Value Stocks In The Basic Materials Sector - ICL Group (NYSE:ICL), Methanex (NASDAQ:MEOH), Ea - BenzingaSeptember 29, 2022 | nasdaq.comEnergy Sector Update for 09/27/2022: AMPS,MEOH,MX.TO,KMI,EMR - NasdaqSeptember 28, 2022 | marketwatch.comMethanol Market Research Report 2022, Market Overview, Market Share, Product Dynamics, and Consumer Demographics Trends from 2022 to 2028September 28, 2022 | markets.businessinsider.comWhat 6 Analyst Ratings Have To Say About MethanexSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MEOH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter. Email Address MEOH Company Calendar Ex-Dividend for 12/31 Dividend12/15/2022Dividend Payable12/31/2022Last Earnings2/03/2023Ex-Dividend for 3/31 Dividend3/16/2023Today3/26/2023Dividend Payable3/31/2023Next Earnings (Confirmed)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Industrial organic chemicals Sub-IndustryN/A SectorBasic Materials Current SymbolNASDAQ:MEOH CUSIPN/A CIK886977 Webwww.methanex.com Phone(604) 661-2600Fax604-661-2676Employees1,300Year Founded1968Price Target and Rating Average Stock Price Forecast$54.50 High Stock Price Forecast$69.00 Low Stock Price Forecast$34.00 Forecasted Upside/Downside+23.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.47 Trailing P/E Ratio9.88 Forward P/E Ratio11.56 P/E GrowthN/ANet Income$353.83 million Net Margins8.21% Pretax Margin13.50% Return on Equity14.30% Return on Assets5.24% Debt Debt-to-Equity Ratio0.88 Current Ratio1.99 Quick Ratio1.52 Sales & Book Value Annual Sales$4.31 billion Price / Sales0.70 Cash Flow$10.15 per share Price / Cash Flow4.35 Book Value$35.06 per share Price / Book1.26Miscellaneous Outstanding Shares68,760,000Free Float68,068,000Market Cap$3.04 billion OptionableOptionable Beta1.62 Social Links Key ExecutivesRich SumnerPresident, Chief Executive Officer & DirectorDean RichardsonChief Financial Officer & Senior VP-FinanceKevin PriceSecretary, General Counsel & Senior Vice PresidentKevin MaloneySenior Vice President-Corporate DevelopmentJason CheskoDirector-Global Market DevelopmentKey CompetitorsSensient TechnologiesNYSE:SXTNewMarketNYSE:NEUGreen PlainsNASDAQ:GPRELithium AmericasNYSE:LACQuaker ChemicalNYSE:KWRView All CompetitorsInstitutional OwnershipTruist Financial CorpSold 409 shares on 2/17/2023Ownership: 0.010%State of WyomingBought 2,438 shares on 2/16/2023Ownership: 0.004%SIG North Trading ULCBought 10,900 shares on 2/15/2023Ownership: 0.000%Cerity Partners LLCSold 905 shares on 2/15/2023Ownership: 0.021%Angeles Investment Advisors LLCBought 8,715 shares on 2/15/2023Ownership: 0.013%View All Institutional Transactions MEOH Stock - Frequently Asked Questions Should I buy or sell Methanex stock right now? 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MEOH shares. View MEOH analyst ratings or view top-rated stocks. What is Methanex's stock price forecast for 2023? 12 brokers have issued 1-year price objectives for Methanex's stock. Their MEOH share price forecasts range from $34.00 to $69.00. On average, they anticipate the company's share price to reach $54.50 in the next twelve months. This suggests a possible upside of 23.4% from the stock's current price. View analysts price targets for MEOH or view top-rated stocks among Wall Street analysts. How have MEOH shares performed in 2023? Methanex's stock was trading at $37.86 on January 1st, 2023. Since then, MEOH shares have increased by 16.6% and is now trading at $44.15. View the best growth stocks for 2023 here. When is Methanex's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our MEOH earnings forecast. How can I listen to Methanex's earnings call? Methanex will be holding an earnings conference call on Wednesday, April 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Methanex's earnings last quarter? Methanex Co. (NASDAQ:MEOH) announced its earnings results on Friday, February, 3rd. The specialty chemicals company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.27. The specialty chemicals company earned $986 million during the quarter, compared to analysts' expectations of $878.55 million. Methanex had a trailing twelve-month return on equity of 14.30% and a net margin of 8.21%. The business's revenue for the quarter was down 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 earnings per share. How often does Methanex pay dividends? What is the dividend yield for Methanex? Methanex declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Friday, March 17th will be given a dividend of $0.175 per share on Friday, March 31st. This represents a $0.70 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, March 16th. Read our dividend analysis for MEOH. Is Methanex a good dividend stock? Methanex (NASDAQ:MEOH) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 16.36% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MEOH. 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), AT&T (T), Micron Technology (MU), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD) and NIC (EGOV). What is Methanex's stock symbol? Methanex trades on the NASDAQ under the ticker symbol "MEOH." Who are Methanex's major shareholders? Methanex's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (20.13%), Standard Investments LLC (3.72%), Bank of Montreal Can (1.26%), Dimensional Fund Advisors LP (1.06%), Scheer Rowlett & Associates Investment Management Ltd. (1.04%) and Mackenzie Financial Corp (0.92%). How do I buy shares of Methanex? Shares of MEOH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Methanex's stock price today? One share of MEOH stock can currently be purchased for approximately $44.15. How much money does Methanex make? Methanex (NASDAQ:MEOH) has a market capitalization of $3.04 billion and generates $4.31 billion in revenue each year. The specialty chemicals company earns $353.83 million in net income (profit) each year or $4.47 on an earnings per share basis. How many employees does Methanex have? The company employs 1,300 workers across the globe. How can I contact Methanex? Methanex's mailing address is 1800 WATERFRONT CENTER 200 BURRARD STREET, VANCOUVER A1, V6C 3M1. The official website for the company is www.methanex.com. The specialty chemicals company can be reached via phone at (604) 661-2600, via email at invest@methanex.com, or via fax at 604-661-2676. This page (NASDAQ:MEOH) was last updated on 3/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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