About Methanex Corporation (NASDAQ:MEOH)
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.
Industry, Sector and Symbol
Industry Commodity Chemicals
Trailing P/E Ratio15.88
Forward P/E Ratio14.55
Sales & Book Value
Annual Sales$2.00 billion
Price / Sales2.19
Cash Flow$2.17 per share
Price / Cash24.13
Book Value$20.86 per share
Price / Book2.50
Return on Equity16.02%
Return on Assets6.31%
Frequently Asked Questions for Methanex Corporation (NASDAQ:MEOH)
What is Methanex Corporation's stock symbol?
Methanex Corporation trades on the NASDAQ under the ticker symbol "MEOH."
How often does Methanex Corporation pay dividends? What is the dividend yield for Methanex Corporation?
Methanex Corporation announced a quarterly dividend on Thursday, November 16th. Investors of record on Sunday, December 17th will be paid a dividend of $0.30 per share on Sunday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, December 14th. View Methanex Corporation's Dividend History.
How will Methanex Corporation's stock buyback program work?
Methanex Corporation declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 27th 2017, which permits the company to buyback 1,660,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.
How were Methanex Corporation's earnings last quarter?
Methanex Corporation (NASDAQ:MEOH) posted its earnings results on Wednesday, October, 25th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The specialty chemicals company had revenue of $720 million for the quarter, compared to analysts' expectations of $614.19 million. Methanex Corporation had a net margin of 9.81% and a return on equity of 16.02%. The business's revenue was up 41.2% compared to the same quarter last year. During the same period last year, the company posted ($0.01) EPS. View Methanex Corporation's Earnings History.
When will Methanex Corporation make its next earnings announcement?
Where is Methanex Corporation's stock going? Where will Methanex Corporation's stock price be in 2017?
13 Wall Street analysts have issued twelve-month target prices for Methanex Corporation's shares. Their forecasts range from $36.00 to $65.00. On average, they expect Methanex Corporation's share price to reach $54.73 in the next twelve months. View Analyst Ratings for Methanex Corporation.
What are Wall Street analysts saying about Methanex Corporation stock?
Here are some recent quotes from research analysts about Methanex Corporation stock:
- 1. According to Zacks Investment Research, "Methanex has outperformed the industry it belongs to over a year. Methanex should gain from healthy demand fundamentals for methanol. We are also optimistic about its Louisiana project, which is expected to create significant value for shareholders and meaningfully contribute to cash generation. " (10/3/2017)
- 2. Cowen Inc analysts commented, "We see a significant increase in MEOH share value over the next two years should the company choose to execute, on the suggestion of its largest shareholder, a more aggressive approach toward share repurchase. This would push repurchase to the limits of its FCF until its value per share better reflects methanol replacement costs of about $1,100/mt." (3/28/2017)
- 3. Jefferies Group LLC analysts commented, "Methanol prices settled sharply higher again, in sharp contrast to relatively cautious investor sentiment. Given an expected average FCF yield before dividends of 10% over the next several years, we continue to expect the next fundamental catalysts for Methanex shares to be decisions this summer on the cadence of buybacks and appetite for investing in new capacity... North America methanol prices have settled at $499/t and Asia prices at $500/t. Pricing continues to settle higher than we expected, and supports the argument that Asia demand is coming in stronger than we had initially expected for this year, rather than pricing simply being distorted by inventory dynamics. At current levels, we believe demand destruction is a more significant risk, particularly for 2H17. Prices should retreat into 2018 as new supply enters the market." (2/27/2017)
Who are some of Methanex Corporation's key competitors?
Some companies that are related to Methanex Corporation include Olin Corporation (OLN), NewMarket Corporation (NEU), Ingevity Corporation (NGVT), Quaker Chemical Corporation (KWR), PQ Group Holdings (PQG), A. Schulman (SHLM), Calgon Carbon Corporation (CCC), Koppers Holdings (KOP), Innophos Holdings (IPHS), CSW Industrials (CSWI), Westlake Chemical Partners LP (WLKP), Trecora Resources (TREC), Enzymotec (ENZY), UFP Technologies (UFPT), Zotefoams plc (ZTF), Verenium Corp (VRNM), Applied Graphene Materials plc (AGM) and Axiall Corp (AXLL).
Who are Methanex Corporation's key executives?
Methanex Corporation's management team includes the folowing people:
- Thomas M. Hamilton Ph.D., Independent Chairman of the Board (Age 73)
- John N. Floren, President, Chief Executive Officer, Director (Age 58)
- Ian P. Cameron, Chief Financial Officer, Senior Vice President - Finance
- Vanessa L. James, Senior Vice President - Global Marketing and Logistics
- Wendy L. Bach, Senior Vice President - Corporate Resources
- Kevin L. Henderson, Senior Vice President - Manufacturing
- Michael J. Herz, Senior Vice President - Corporate Development
- Kevin Price, General Counsel & Corporate Secretary
- Bruce M. Aitken, Independent Director (Age 62)
- Douglas James Arnell, Independent Director (Age 50)
Who owns Methanex Corporation stock?
Methanex Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Boston Partners (4.44%), Bank of New York Mellon Corp (4.18%), Guardian Capital LP (3.89%), Neuberger Berman Group LLC (1.88%), Russell Investments Group Ltd. (1.07%) and TD Asset Management Inc. (0.73%). View Institutional Ownership Trends for Methanex Corporation.
Who sold Methanex Corporation stock? Who is selling Methanex Corporation stock?
Methanex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Guardian Capital LP, Russell Investments Group Ltd., Bank of New York Mellon Corp, Carmignac Gestion, Highbridge Capital Management LLC, State of Tennessee Treasury Department and JPMorgan Chase & Co.. View Insider Buying and Selling for Methanex Corporation.
Who bought Methanex Corporation stock? Who is buying Methanex Corporation stock?
Methanex Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, AGF Investments Inc., AMP Capital Investors Ltd, Intact Investment Management Inc., Stevens Capital Management LP, Aperio Group LLC, Dynamic Technology Lab Private Ltd and Zurcher Kantonalbank Zurich Cantonalbank. View Insider Buying and Selling for Methanex Corporation.
How do I buy Methanex Corporation stock?
Shares of Methanex Corporation 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 Corporation's stock price today?
One share of Methanex Corporation stock can currently be purchased for approximately $52.25.
How big of a company is Methanex Corporation?
Methanex Corporation has a market capitalization of $4.39 billion and generates $2.00 billion in revenue each year. The specialty chemicals company earns $-12,540,000.00 in net income (profit) each year or $3.01 on an earnings per share basis. Methanex Corporation employs 1,275 workers across the globe.
How can I contact Methanex Corporation?
Methanex Corporation'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 Corporation (MEOH)MarketBeat's community ratings are surveys of what our community members think about Methanex Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Methanex Corporation (NASDAQ:MEOH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 5 Hold Ratings, 7 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.46)|
|Consensus Price Target: ||$54.73 (4.75% upside)|
Consensus Price Target History for Methanex Corporation (NASDAQ:MEOH)
Analysts' Ratings History for Methanex Corporation (NASDAQ:MEOH)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/31/2017||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||$60.00||N/A|
|10/27/2017||Royal Bank Of Canada||Boost Price Target||Sector Perform||$50.00 -> $57.00||N/A|
|10/27/2017||TD Securities||Boost Price Target||Buy||$58.00 -> $59.00||N/A|
|10/26/2017||Scotiabank||Set Price Target||Sector Perform||$53.50||N/A|
|10/19/2017||Jefferies Group LLC||Reiterated Rating||Buy||$60.00||N/A|
|10/9/2017||Cowen Inc||Reiterated Rating||Outperform -> Outperform||$55.00 -> $58.00||N/A|
|7/28/2017||Tudor Pickering||Downgrade||Buy -> Hold||$52.00 -> $46.00||Low|
|7/28/2017||Monness Crespi & Hardt||Lower Price Target||Buy||$62.00 -> $59.00||Low|
|7/27/2017||Alembic Global Advisors||Set Price Target||Buy||$65.00||Medium|
|6/30/2017||BMO Capital Markets||Reiterated Rating||Buy||Low|
|6/1/2017||Citigroup Inc.||Reiterated Rating||Neutral||$50.00 -> $45.00||Low|
|5/10/2017||Sanford C. Bernstein||Initiated Coverage||Underperform||$36.00||Medium|
|3/29/2017||CIBC||Upgrade||Sector Perform -> Sector Outperform||$45.00 -> $56.00||High|
Earnings History and Estimates Chart for Methanex Corporation (NASDAQ:MEOH)
Earnings History by Quarter for Methanex Corporation (NASDAQ MEOH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/24/2018|| || || || || || || || |
|10/25/2017||Q3||$0.55||$0.60||$614.19 million||$720.00 million||View||N/A|
|7/26/2017||Q2||$1.08||$0.85||$772.41 million||$669.00 million||View||N/A|
|4/26/2017||Q1||$1.38||$1.56||$833.32 million||$810.00 million||View||N/A|
|1/25/2017||Q416||$0.20||$0.46||$544.94 million||$585.00 million||View||N/A|
|10/26/2016||Q316||($0.21)||($0.01)||$2.09 million||$2.48 million||View||N/A|
|7/27/2016||Q216||($0.27)||($0.34)||$422.82 million||$468.00 million||View||N/A|
|10/28/2015||Q315||$0.28||$0.54||$641.40 million||$527.00 million||View||Listen|
|7/29/2015||Q215||$0.75||$0.52||$639.19 million||$637.80 million||View||Listen|
|4/29/2015||Q115||$0.50||$0.09||$612.54 million||$576.74 million||View||N/A|
|1/28/2015||Q414||$0.93||$1.11||$740.77 million||$733.50 million||View||N/A|
|10/29/2014||Q314||$0.65||$0.54||$685.80 million||$730.00 million||View||N/A|
|7/30/2014||Q2 2014||$1.02||$1.01||$822.40 million||$791.31 million||View||N/A|
|4/29/2014||Q1 2014||$1.84||$1.50||$1.00 billion||$968.48 million||View||N/A|
Earnings Estimates for Methanex Corporation (NASDAQ:MEOH)
2017 EPS Consensus Estimate: $2.71
2018 EPS Consensus Estimate: $4.70
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Methanex Corporation (NASDAQ:MEOH)
|Payout Ratio:||39.87% (Trailing 12 Months of Earnings) |
33.43% (Based on This Year's Estimates)
37.85% (Based on Next Year's Estimates)
Dividend History by Quarter for Methanex Corporation (NASDAQ MEOH)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Methanex Corporation (NASDAQ MEOH)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for Methanex Corporation (NASDAQ MEOH)
|Contrasting Trecora Resources (TREC) & Methanex Corporation (MEOH)|
www.americanbankingnews.com - November 19 at 5:06 PM
|Should You Buy Methanex Corporation (TSX:MX) Now?|
finance.yahoo.com - November 18 at 7:45 PM
|Methanex Corp. breached its 50 day moving average in a Bearish Manner : MEOH-US : November 15, 2017|
finance.yahoo.com - November 17 at 3:58 PM
|Methanex Corporation (MEOH) Declares $0.30 Quarterly Dividend|
www.americanbankingnews.com - November 16 at 6:50 PM
|$0.89 Earnings Per Share Expected for Methanex Corporation (MEOH) This Quarter|
www.americanbankingnews.com - November 13 at 11:20 PM
|Behind Methanex’s Long-Term Agreement with Painted Pony Energy|
finance.yahoo.com - November 13 at 3:52 PM
|Stocks With Rising Relative Price Strength: Methanex|
finance.yahoo.com - November 12 at 6:20 AM
|Methanex Signs a Long-Term Natural Gas Supply Agreement With Painted Pony Energy Ltd. for Its Existing Methanol ... - Nasdaq|
www.nasdaq.com - November 8 at 10:55 PM
|Methanex Corporation (MEOH) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - November 6 at 8:04 AM
|Stocks With Rising Relative Strength: Methanex|
finance.yahoo.com - November 3 at 5:20 PM
|Methanex Shows Rising Relative Strength; Still Shy Of Key Threshold|
finance.yahoo.com - November 1 at 6:13 AM
|Methanex Corp. breached its 50 day moving average in a Bearish Manner : MEOH-US : October 30, 2017|
finance.yahoo.com - October 31 at 5:18 AM
|ETFs with exposure to Methanex Corp. : October 30, 2017|
finance.yahoo.com - October 31 at 5:17 AM
|Methanex Corporation's (MEOH) CEO John Floren on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - October 28 at 8:06 AM
|Methanex Corp. :MEOH-US: Earnings Analysis: Q3, 2017 By the Numbers : October 27, 2017|
finance.yahoo.com - October 28 at 8:06 AM
|TD Securities Boosts Methanex Corporation (MEOH) Price Target to $59.00|
www.americanbankingnews.com - October 27 at 7:36 PM
|Methanex Corporation (MEOH) PT Raised to $57.00 at Royal Bank Of Canada|
www.americanbankingnews.com - October 27 at 7:36 PM
|Methanex Reports Third Quarter 2017 Earnings|
finance.yahoo.com - October 27 at 6:46 AM
|Methanex posts 3Q profit|
finance.yahoo.com - October 27 at 6:46 AM
|Methanex Corporation (MEOH) Given a $53.50 Price Target at Scotiabank|
www.americanbankingnews.com - October 26 at 2:20 PM
|Methanex Corporation (MEOH) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS|
www.americanbankingnews.com - October 25 at 10:50 PM
|Albemarle Corporation (ALB) and Methanex Corporation (MEOH) Head to Head Survey|
www.americanbankingnews.com - October 23 at 8:32 PM
|Methanex Corporation (MEOH) Earns Buy Rating from Jefferies Group LLC|
www.americanbankingnews.com - October 22 at 9:06 PM
|Methanex Corporation (MEOH) PT Set at $53.50 by Scotiabank|
www.americanbankingnews.com - October 18 at 2:30 PM
|Methanex Corporation (MEOH) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - October 18 at 6:46 AM
|UBS AG Raises Methanex Corporation (MEOH) Price Target to $44.00|
www.americanbankingnews.com - October 13 at 8:48 AM
|Methanex Corporation (MEOH) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - October 12 at 6:14 AM
|Methanex Corporation (MEOH) Price Target Raised to $58.00|
www.americanbankingnews.com - October 9 at 8:16 AM
|$0.55 Earnings Per Share Expected for Methanex Corporation (MEOH) This Quarter|
www.americanbankingnews.com - October 5 at 12:14 PM
|Methanex Corporation (MEOH) Rating Reiterated by Scotiabank|
www.americanbankingnews.com - October 4 at 10:32 PM
|Why You Shouldn't Bet Against Methanex (MEOH) Stock|
finance.yahoo.com - October 2 at 11:58 AM
|Why You Shouldn't Bet Against Methanex (MEOH) Stock|
finance.yahoo.com - October 2 at 11:57 AM
|Methanex Corporation (MEOH) versus Its Competitors Head to Head Contrast|
www.americanbankingnews.com - September 30 at 12:30 AM
|Methanex Corporation (MEOH) Rating Reiterated by Royal Bank Of Canada|
www.americanbankingnews.com - September 27 at 4:16 PM
|Methanex Corporation (MEOH) PT Raised to $71.00 at TD Securities|
www.americanbankingnews.com - September 18 at 3:18 PM
|Methanex Corporation (MEOH) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - September 17 at 6:38 AM
|LyondellBasell Industries NV (LYB) vs. Methanex Corporation (MEOH) Head-To-Head Survey|
www.americanbankingnews.com - September 14 at 8:08 AM
|Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for September 14, 2017 - Nasdaq|
www.nasdaq.com - September 14 at 7:39 AM
|Q3 2017 EPS Estimates for Methanex Corporation Increased by Jefferies Group (MEOH)|
www.americanbankingnews.com - September 14 at 6:36 AM
|Reviewing Methanex Corporation (MEOH) and The Competition|
www.americanbankingnews.com - September 9 at 6:22 PM
|Methanex to Webcast Investor Conference on September 15, 2017|
finance.yahoo.com - September 9 at 6:10 AM
|Methanex Corporation (MEOH) Given "Buy" Rating at Cowen and Company|
www.americanbankingnews.com - September 4 at 9:26 PM
|Methanex Corp. – Value Analysis (NASDAQ:MEOH) : August 30, 2017|
finance.yahoo.com - August 30 at 6:30 AM
|$0.50 EPS Expected for Methanex Corporation (MEOH) This Quarter|
www.americanbankingnews.com - August 29 at 8:18 AM
|Methanex Corporation (MEOH) and Eastman Chemical (EMN) Head-To-Head Comparison|
www.americanbankingnews.com - August 27 at 6:08 PM
|Methanex Corporation (MEOH) Earns Hold Rating from Royal Bank Of Canada|
www.americanbankingnews.com - August 25 at 5:20 PM
|Global Methanol Market Business Report 2017-2024: MTO/MTP - The Fastest Growing End-use Segment for Methanol|
www.finanznachrichten.de - August 24 at 9:07 AM
|Global Methanol Industry|
www.marketwatch.com - August 24 at 9:07 AM
|Methanex Co. (MEOH) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 23 at 6:32 AM
|Methanex Corp. breached its 50 day moving average in a Bearish Manner : MEOH-US : August 22, 2017|
finance.yahoo.com - August 22 at 3:51 PM
Methanex Corporation (NASDAQ MEOH) Chart for Friday, November, 24, 2017