Methanex Stock Price, News & Analysis (NASDAQ:MEOH)

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

Methanex declared a quarterly dividend on Thursday, July 18th. Shareholders of record on Monday, September 16th will be given a dividend of $0.36 per share on Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Friday, September 13th. View Methanex's Dividend History.

Methanex announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 6th 2018, which permits the company to repurchase 6,590,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its shares are undervalued.

Methanex Co. (NASDAQ:MEOH) announced its quarterly earnings data on Wednesday, July, 31st. The specialty chemicals company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.16. The specialty chemicals company earned $734 million during the quarter, compared to the consensus estimate of $719.86 million. Methanex had a net margin of 10.81% and a return on equity of 18.33%. The firm's revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the company posted $1.75 EPS. View Methanex's Earnings History.

Methanex is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Methanex.

14 analysts have issued twelve-month target prices for Methanex's stock. Their predictions range from $26.00 to $84.00. On average, they anticipate Methanex's share price to reach $52.7143 in the next twelve months. This suggests a possible upside of 45.4% from the stock's current price. View Analyst Price Targets for Methanex.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Methanex.

News coverage about MEOH stock has been trending somewhat negative on Sunday, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Methanex earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned news stories about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Methanex.

Methanex saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,553,400 shares, an increase of 20.5% from the July 31st total of 1,289,100 shares. Based on an average daily volume of 445,800 shares, the short-interest ratio is presently 3.5 days. Currently, 2.1% of the shares of the stock are short sold. View Methanex's Current Options Chain.

Some companies that are related to Methanex include Westlake Chemical (WLK), Braskem (BRKMY), NewMarket (NEU), Sensient Technologies (SXT), Codexis (CDXS), Westlake Chemical Partners (WLKP), Renewable Energy Group (REGI), FutureFuel (FF), REX American Resources (REX), Green Plains (GPRE), Amyris (AMRS), Green Plains Partners (GPP), Sino United Worldwide Consolidated (SUIC), Solarwindow Technologies (WNDW) and Gevo (GEVO).

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), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Allergan (AGN).

Methanex's stock is owned by a number of of institutional and retail investors. Top institutional investors include Prudential PLC (16.72%), Royal Bank of Canada (2.96%), Vanguard Group Inc. (2.95%), Connor Clark & Lunn Investment Management Ltd. (2.94%), Mackenzie Financial Corp (1.61%) and Invesco Ltd. (1.49%).

MEOH stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Connor Clark & Lunn Investment Management Ltd., Balyasny Asset Management LLC, Allianz Asset Management GmbH, Bank of New York Mellon Corp, TD Asset Management Inc., APG Asset Management N.V. and Morgan Stanley.

MEOH stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Mackenzie Financial Corp, Scheer Rowlett & Associates Investment Management Ltd., Becker Capital Management Inc., Capital Fund Management S.A., Russell Investments Group Ltd. and D. E. Shaw & Co. 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 $36.25.

Methanex has a market capitalization of $2.76 billion and generates $3.93 billion in revenue each year. The specialty chemicals company earns $568.98 million in net income (profit) each year or $6.86 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]