Press coverage about Methanex (NASDAQ:MEOH) (TSE:MX) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methanex earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 46.7646590839221 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Methanex (MEOH) Clinches Gas Supply Agreement with ENAP (finance.yahoo.com)
- Methanex Reaches Agreement for Additional Natural Gas Supply to its Chile Operations – GlobeNewswire (press release) (globenewswire.com)
- Methanex (MEOH) vs. Chemours (CC) Critical Comparison (americanbankingnews.com)
A number of equities research analysts have recently issued reports on MEOH shares. TD Securities boosted their price objective on Methanex to $71.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Zacks Investment Research upgraded Methanex from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Tuesday, October 3rd. Cowen reiterated a “buy” rating and issued a $55.00 price target on shares of Methanex in a research note on Friday, September 1st. Scotiabank set a $53.50 price target on Methanex and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Finally, BidaskClub upgraded Methanex from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Methanex has an average rating of “Hold” and a consensus price target of $55.53.
Methanex (NASDAQ:MEOH) traded up $0.25 during midday trading on Monday, reaching $53.30. The company’s stock had a trading volume of 246,713 shares, compared to its average volume of 780,689. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. Methanex has a 12-month low of $39.47 and a 12-month high of $55.10. The company has a market capitalization of $4,480.00, a PE ratio of 16.13, a PEG ratio of 0.95 and a beta of 1.82.
Methanex (NASDAQ:MEOH) (TSE:MX) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. Methanex had a return on equity of 16.02% and a net margin of 9.81%. The firm had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $614.19 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis. equities research analysts expect that Methanex will post 3.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Shareholders of record on Sunday, December 17th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 14th. Methanex’s payout ratio is presently 39.09%.
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Methanex Company Profile
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.
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