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NASDAQ:MEOHMethanex Stock Price, Forecast & News

$17.64
+1.53 (+9.50 %)
(As of 06/1/2020 04:00 PM ET)
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Compare
Today's Range
$16.00
Now: $17.64
$18.15
50-Day Range
$12.36
MA: $15.02
$17.55
52-Week Range
$9.00
Now: $17.64
$47.55
Volume709,697 shs
Average Volume764,536 shs
Market Capitalization$1.34 billion
P/E Ratio28.00
Dividend Yield8.94%
Beta2.22
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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Methanex logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars


Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNASDAQ:MEOH
CUSIPN/A
Phone604-661-2600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$5.96 per share
Book Value$21.40 per share

Profitability

Net Income$87.77 million

Miscellaneous

Employees1,544
Market Cap$1.34 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Methanex (NASDAQ:MEOH) Frequently Asked Questions

How has Methanex's stock been impacted by COVID-19 (Coronavirus)?

Methanex's stock was trading at $17.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEOH shares have increased by 1.3% and is now trading at $17.64. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Methanex?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 sell rating, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Methanex.

When is Methanex's next earnings date?

Methanex is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Methanex.

How were Methanex's earnings last quarter?

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

How often does Methanex pay dividends? What is the dividend yield for Methanex?

Methanex declared a quarterly dividend on Friday, May 1st. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.0375 per share on Tuesday, June 30th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, June 15th. View Methanex's dividend history.

What price target have analysts set for MEOH?

16 Wall Street analysts have issued 12 month price targets for Methanex's shares. Their forecasts range from $8.00 to $69.00. On average, they expect Methanex's stock price to reach $28.23 in the next year. This suggests a possible upside of 60.1% from the stock's current price. View analysts' price targets for Methanex.

Has Methanex been receiving favorable news coverage?

Headlines about MEOH stock have trended extremely positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of 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 5.0 on InfoTrie's scale. They also gave media coverage about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMethanex.

Are investors shorting Methanex?

Methanex saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,520,000 shares, an increase of 10.7% from the April 30th total of 3,180,000 shares. Based on an average daily volume of 852,000 shares, the short-interest ratio is presently 4.1 days. Approximately 4.7% of the shares of the stock are short sold. View Methanex's Current Options Chain.

Who are some of Methanex's key competitors?

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), NIC (EGOV), Altria Group (MO), Verizon Communications (VZ), AbbVie (ABBV) and Allergan (AGN).

Who are Methanex's key executives?

Methanex's management team includes the following people:
  • Mr. John N. Floren, Pres, CEO & Director (Age 60)
  • Mr. Ian P. Cameron, Sr. VP of Fin. & CFO
  • Mr. Michael J. Herz, Sr. VP of Corp. Devel.
  • Ms. Vanessa L. James, Sr. VP of Global Marketing & Logistics
  • Mr. Kevin L. Henderson, Sr. VP of Manufacturing

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 many different institutional and retail investors. Top institutional investors include M&G Investment Management Ltd. (18.78%), Wellington Management Group LLP (4.61%), Scheer Rowlett & Associates Investment Management Ltd. (1.19%), Connor Clark & Lunn Investment Management Ltd. (1.06%), Invesco Ltd. (0.98%) and Morgan Stanley (0.97%).

Which institutional investors are selling Methanex stock?

MEOH stock was sold by a variety of institutional investors in the last quarter, including Guardian Capital LP, Connor Clark & Lunn Investment Management Ltd., Mackenzie Financial Corp, Alberta Investment Management Corp, Invesco Ltd., Wellington Management Group LLP, Fiera Capital Corp, and CIBC World Markets Inc..

Which institutional investors are buying Methanex stock?

MEOH stock was purchased by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Morgan Stanley, Intact Investment Management Inc., APG Asset Management N.V., APG Asset Management N.V., Morgan Stanley, Squarepoint Ops LLC, and Forsta AP Fonden.

How do I buy shares of Methanex?

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.

What is Methanex's stock price today?

One share of MEOH stock can currently be purchased for approximately $17.64.

How big of a company is Methanex?

Methanex has a market capitalization of $1.34 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 1,544 workers across the globe.

What is Methanex's official website?

The official website for Methanex is www.methanex.com.

How can I contact Methanex?

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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