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Methanex Corp. (MEOH)
NASDAQ:MEOH
Methanex (MEOH) Stock Price & Analysis
216 Followers
MEOH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.68 - $56.43
Previous Close$53.68
Volume208.60K
Average Volume (3M)302.75K
Market Cap
$3.61B
Enterprise Value$6.41B
Total Cash (Recent Filing)$458.01M
Total Debt (Recent Filing)$3.01B
Price to Earnings (P/E)21.7
Beta0.91
Next Earnings
Jul 24, 2024EPS Estimate
$0.52Next Dividend Ex-Date
Jun 14, 2024Dividend Yield1.39%
Share Statistics
EPS (TTM)2.47
Shares Outstanding67,387,492
10 Day Avg. Volume225,698
30 Day Avg. Volume302,745
Standard Deviation0.15
R-Squared0.27
Alpha-0.00318
Financial Highlights & Ratios
Price to Book (P/B)1.87
Price to Sales (P/S)3.92
Price to Cash Flow (P/CF)4.60
P/FCF Ratio6.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.72
Enterprise Value/Gross Profit24.31
Enterprise Value/Ebitda7.53
Forecast
1Y Price Target
$55.22Price Target Upside2.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Methanex News
PremiumCompany Announcements
Methanex Welcomes New Director, Shareholders Approve Proposals
PremiumCompany Announcements
Methanex Shareholders Show Strong Support at AGM
PremiumCompany Announcements
Methanex Announces Quarterly Dividend Payout
PremiumCompany Announcements
Methanex Announces Upcoming Quarterly Dividend
PremiumPress Releases
Methanex Corporation – Notice of Cash Dividend
PremiumCompany Announcements
Methanex Enhances Financial Flexibility with Credit FacilityBulls Say, Bears Say
Bulls Say
Environmental And Cost AdvantagesMethanol stands out as a cost-effective and environmentally friendly alternative fuel for the marine industry, with advantages in terms of cost, emissions, infrastructure, and storage.
Financial Performance And Analyst RatingsMethanex's strong quarterly performance, accompanied by higher-than-expected methanol prices, has led analysts to reiterate a confident Outperform rating and a target price of US$60.
Future Growth ProspectsThe upcoming start of the Geismar 3 methanol plant positions Methanex for significant free cash flow growth and the potential for methanol to become a widely adopted marine fuel, presenting exciting future opportunities.
Bears Say
Earnings ForecastQ2 EBITDA is expected to be similar to Q1, slightly below consensus due to conservative guidance.
Operational IssuesThere are concerns about understanding the root cause of thermodynamics problems that affected the G3 startup.
ProductionProduction challenges occurred in Egypt, Geismar, and Trinidad, impacting overall production levels.
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Ownership Overview
50.21%
Insiders
10.75% Mutual Funds
31.13% Other Institutional Investors
7.91% Public Companies and
Individual Investors
MEOH FAQ
What was Methanex Corp.’s price range in the past 12 months?
Methanex Corp. lowest stock price was $37.68 and its highest was $56.43 in the past 12 months.
What is Methanex Corp.’s market cap?
Currently, no data Available
When is Methanex Corp.’s upcoming earnings report date?
Methanex Corp.’s upcoming earnings report date is Jul 24, 2024 which is in 52 days.
How were Methanex Corp.’s earnings last quarter?
Methanex Corp. released its earnings results on Apr 24, 2024. The company reported $0.651 earnings per share for the quarter, beating the consensus estimate of $0.303 by $0.348.
Is Methanex Corp. overvalued?
According to Wall Street analysts Methanex Corp.’s price is currently Undervalued.
Does Methanex Corp. pay dividends?
Methanex Corp. pays a Quarterly dividend of $0.19 which represents an annual dividend yield of 1.39%. See more information on Methanex Corp. dividends here
What is Methanex Corp.’s EPS estimate?
Methanex Corp.’s EPS estimate is $0.52.
How many shares outstanding does Methanex Corp. have?
Methanex Corp. has 67,387,490 shares outstanding.
What happened to Methanex Corp.’s price movement after its last earnings report?
Methanex Corp. reported an EPS of $0.651 in its last earnings report, beating expectations of $0.303. Following the earnings report the stock price went up 0.126%.
Which hedge fund is a major shareholder of Methanex Corp.?
Among the largest hedge funds holding Methanex Corp.’s share is Graham Capital Management, L.P.. It holds Methanex Corp.’s shares valued at 646K.
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Methanex Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$55.22 (2.87% Upside)
$55.22 (2.87% Upside)
Blogger Sentiment
Bullish
MEOH Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 14.5K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
33.67%
12-Months-Change
Fundamentals
Return on Equity
8.38%
Trailing 12-Months
Asset Growth
-3.46%
Trailing 12-Months
Company Description
Methanex Corp.
Methanex Corp. is a producer and supplier of methanol. It operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.
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MEOH Earnings Call
Q1 2024
0:00 / 0:00
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MEOH Stock 12 Month Forecast
Average Price Target
$55.22
▲(2.87% Upside)
Technical Analysis
Best Analysts Covering MEOH
1 Year
1 Year Success Rate
24/38 ratings generated profit
1 Year Average Return
+17.14%
reiterated a buy rating last month
Copying Joel Jackson's trades and holding each position for 1 Year would result in 63.16% of your transactions generating a profit, with an average return of +17.14% per trade.
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