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Methanex Corp. (MEOH)
NASDAQ:MEOH
Methanex (MEOH) Stock Price & Analysis
214 Followers
MEOH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$37.68 - $51.42
Previous Close$48.23
Volume175.18K
Average Volume (3M)332.31K
Market Cap
$3.25B
Enterprise Value$6.05B
Total Cash (Recent Filing)$458.01M
Total Debt (Recent Filing)$3.01B
Price to Earnings (P/E)19.5
Beta0.87
Next Earnings
Jul 24, 2024EPS Estimate
$0.53Next Dividend Ex-Date
Jun 14, 2024Dividend Yield1.53%
Share Statistics
EPS (TTM)2.47
Shares Outstanding67,387,492
10 Day Avg. Volume357,959
30 Day Avg. Volume332,305
Standard Deviation0.15
R-Squared0.27
Alpha-0.00318
Financial Highlights & Ratios
Price to Book (P/B)1.70
Price to Sales (P/S)3.52
Price to Cash Flow (P/CF)4.20
P/FCF Ratio5.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.63
Enterprise Value/Gross Profit22.96
Enterprise Value/Ebitda7.12
Forecast
1Y Price Target
$55.22Price Target Upside14.49% 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
Financial PerformanceWith the new G3 methanol plant ramping up, Methanex is poised for a significant increase in free cash flow, enhancing the company's financial strength and shareholder value.
Innovative GrowthMethanex stands at the forefront of innovation with methanol's emerging use as a marine fuel, offering a promising growth avenue and future market opportunities.
Market OutlookMethanex enjoys a bullish outlook as methanol prices are expected to remain high due to cost curve considerations and a tightening supply/demand balance, potentially leading to sustained profitability.
Bears Say
Financial PerformanceQ2 EBITDA is projected to be similar to Q1, slightly below consensus due to various cost impacts and hedged gas penalties.
Operational IssuesProduction challenges occurred in Egypt, Geismar, and Trinidad, impacting overall production levels.
Project DelaysFirst commercial production is postponed, potentially until the end of the third quarter.
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Ownership Overview
50.21%
Insiders
10.72% Mutual Funds
6.60% Other Institutional Investors
32.48% 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 $51.42 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 80 days.
How were Methanex Corp.’s earnings last quarter?
Methanex Corp. released its earnings results on Apr 24, 2024. The company reported $0.649 earnings per share for the quarter, beating the consensus estimate of $0.302 by $0.347.
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 1.53%. See more information on Methanex Corp. dividends here
What is Methanex Corp.’s EPS estimate?
Methanex Corp.’s EPS estimate is $0.53.
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 $0.649 in its last earnings report, beating expectations of $0.302. 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 Chou Associates Management Inc.. It holds Methanex Corp.’s shares valued at 189K.
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Methanex Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$55.22 (14.49% Upside)
$55.22 (14.49% Upside)
Blogger Sentiment
Bullish
MEOH Sentiment 100%
Sector Average 71%
Sector Average 71%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
13.07%
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 Months Forecast
Average Price Target
$55.22
▲(14.49% Upside)
Technical Analysis
Best Analysts Covering MEOH
1 Year
1 Year Success Rate
14/22 ratings generated profit
1 Year Average Return
+15.96%
reiterated a buy rating last month
Copying Laurence Alexander's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +15.96% per trade.
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