Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNASDAQ:MEOH
Previous Symbol
CUSIPN/A
Phone604-661-2600
Debt
Debt-to-Equity Ratio0.82
Current Ratio1.70
Quick Ratio1.27
Price-To-Earnings
Trailing P/E Ratio10.90
Forward P/E Ratio7.99
P/E Growth0.53
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales1.31
Cash Flow$7.6414 per share
Price / Cash Flow6.72
Book Value$20.79 per share
Price / Book2.47
Profitability
EPS (Most Recent Fiscal Year)$4.71
Net Income$316.13 million
Net Margins12.48%
Return on Equity34.25%
Return on Assets13.00%
Miscellaneous
Employees1,357
Outstanding Shares77,950,000
Market Cap$4.00 billion
OptionableOptionable
Methanex (NASDAQ:MEOH) Frequently Asked Questions
What is Methanex's stock symbol?
Methanex trades on the NASDAQ under the ticker symbol "MEOH."
How often does Methanex pay dividends? What is the dividend yield for Methanex?
Methanex declared a quarterly dividend on Wednesday, November 14th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.33 per share on Monday, December 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, December 14th. View Methanex's Dividend History.
How will Methanex's stock buyback program work?
Methanex declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 6th 2018, which allows the company to buyback 6,590,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Methanex's earnings last quarter?
Methanex Co. (NASDAQ:MEOH) announced its earnings results on Wednesday, October, 24th. The specialty chemicals company reported $1.92 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.99 by $0.07. The specialty chemicals company had revenue of $1.04 billion for the quarter. Methanex had a return on equity of 34.25% and a net margin of 12.48%. View Methanex's Earnings History.
When is Methanex's next earnings date?
What price target have analysts set for MEOH?
13 brokerages have issued twelve-month price targets for Methanex's stock. Their forecasts range from $71.00 to $90.00. On average, they expect Methanex's share price to reach $80.25 in the next year. This suggests a possible upside of 56.3% from the stock's current price. View Analyst Price Targets for Methanex.
What is the consensus analysts' recommendation for Methanex?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Methanex.
Has Methanex been receiving favorable news coverage?
News headlines about MEOH stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Methanex earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned headlines about the specialty chemicals company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are some of Methanex's key competitors?
Some companies that are related to Methanex include International Flavors & Fragrances (IFF), Braskem (BAK), Westlake Chemical (WLK), NewMarket (NEU), Sensient Technologies (SXT), Codexis (CDXS), Renewable Energy Group (REGI), Westlake Chemical Partners (WLKP), FutureFuel (FF), Green Plains (GPRE), Green Plains Partners (GPP), REX American Resources (REX), Sino United Worldwide Consolidated (SUIC), Amyris (AMRS) and Solarwindow Technologies (WNDW).
Who are Methanex's key executives?
Methanex's management team includes the folowing people:
- Mr. John N. Floren, Pres, CEO & Director (Age 59)
- 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
- Kim Campbell, Mang. of Investor Relations
Who are Methanex's major shareholders?
Methanex's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Connor Clark & Lunn Investment Management Ltd. (4.08%), FIL Ltd (4.00%), AQR Capital Management LLC (3.13%), Vanguard Group Inc. (2.82%), Vanguard Group Inc (2.82%) and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp (1.38%).
Which major investors are selling Methanex stock?
MEOH stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Connor Clark & Lunn Investment Management Ltd., Scheer Rowlett & Associates Investment Management Ltd., Great West Life Assurance Co. Can, Addenda Capital Inc., JPMorgan Chase & Co., JPMorgan Chase & Co. and Allianz Asset Management GmbH.
Which major investors are buying Methanex stock?
MEOH stock was bought by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, AQR Capital Management LLC, Renaissance Technologies LLC, Deutsche Bank AG, Mackenzie Financial Corp, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Hexavest Inc. and Morgan Stanley.
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, Scottrade, Fidelity and Charles Schwab.
What is Methanex's stock price today?
One share of MEOH stock can currently be purchased for approximately $51.35.
How big of a company is Methanex?
Methanex has a market capitalization of $4.00 billion and generates $3.06 billion in revenue each year. The specialty chemicals company earns $316.13 million in net income (profit) each year or $4.71 on an earnings per share basis. Methanex employs 1,357 workers across the globe.
What is Methanex's official website?
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]
MarketBeat Community Rating for Methanex (NASDAQ MEOH)
MarketBeat's community ratings are surveys of what our community members think about Methanex and other stocks. Vote "Outperform" if you believe MEOH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEOH will underperform the S&P 500 over the long term. You may vote once every thirty days.
