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NASDAQ:MEOHMethanex Stock Price, Forecast & News

$19.27
-0.95 (-4.70 %)
(As of 07/7/2020 12:06 PM ET)
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Compare
Today's Range
$19.16
Now: $19.27
$20.04
50-Day Range
$13.98
MA: $19.04
$24.26
52-Week Range
$9.00
Now: $19.27
$45.45
Volume210,905 shs
Average Volume695,400 shs
Market Capitalization$1.47 billion
P/E Ratio30.59
Dividend Yield0.80%
Beta2.25
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: 4.0Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.78 billion
Cash Flow$5.60 per share
Book Value$21.40 per share

Profitability

Net Income$87.77 million

Miscellaneous

Employees1,544
Market Cap$1.47 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 Coronavirus reached pandemic status according to the World Health Organization. Since then, MEOH shares have increased by 11.6% and is now trading at $19.43. 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 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.

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 earnings results on Tuesday, May, 5th. The specialty chemicals company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The specialty chemicals company earned $696 million during 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 firm's revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. View Methanex's earnings history.

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

Methanex announced a quarterly dividend on Friday, May 1st. Investors 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 annualized dividend and a dividend yield of 0.77%. 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 $55.00. On average, they expect Methanex's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View analysts' price targets for Methanex.

Has Methanex been receiving favorable news coverage?

News articles about MEOH stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Methanex earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave news stories about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Methanex.

Are investors shorting Methanex?

Methanex saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,970,000 shares, a decrease of 38.4% from the June 15th total of 4,820,000 shares. Based on an average daily trading volume, of 940,700 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.9% of the shares of the company are sold short. 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."

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 $19.43.

How big of a company is Methanex?

Methanex has a market capitalization of $1.48 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 7/7/2020 by MarketBeat.com Staff

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