NASDAQ:MEOH - Methanex Stock Price, Forecast & News

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

Methanex announced a quarterly dividend on Thursday, January 30th. Investors 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 4.69%. The ex-dividend date is Monday, March 16th. View Methanex's Dividend History.

Methanex announced that its board has initiated a stock buyback program on Tuesday, March 6th 2018, which authorizes the company to repurchase 6,590,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

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

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

12 equities research analysts have issued twelve-month price targets for Methanex's stock. Their forecasts range from $26.00 to $69.00. On average, they expect Methanex's stock price to reach $45.25 in the next twelve months. This suggests a possible upside of 47.3% from the stock's current price. View Analyst Price Targets 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.

News stories about MEOH stock have trended very negative on Tuesday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Methanex earned a news impact score of -3.0 on InfoTrie's scale. They also gave press coverage about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Methanex.

Methanex saw a increase in short interest in January. As of January 15th, there was short interest totalling 1,870,000 shares, an increase of 10.0% from the December 31st total of 1,700,000 shares. Based on an average daily trading volume, of 359,800 shares, the short-interest ratio is currently 5.2 days. Approximately 2.5% of the shares of the stock are sold short. View Methanex's Current Options Chain.

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

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).

Methanex's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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%).

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.

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..

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 $30.71.

Methanex has a market capitalization of $2.34 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.

The official website for Methanex is http://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]