Methanex Corporation (MEOH)
Market Cap | 2.64B |
Revenue (ttm) | 3.58B |
Net Income (ttm) | 145.52M |
Shares Out | 67.39M |
EPS (ttm) | 2.14 |
PE Ratio | 18.15 |
Forward PE | 11.48 |
Dividend | $0.74 (1.89%) |
Ex-Dividend Date | Sep 16, 2024 |
Volume | 188,767 |
Open | 39.26 |
Previous Close | 39.17 |
Day's Range | 38.87 - 39.82 |
52-Week Range | 36.13 - 56.43 |
Beta | 1.80 |
Analysts | Buy |
Price Target | 55.83 (+42.82%) |
Earnings Date | Nov 6, 2024 |
About MEOH
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada. [Read more]
Financial Performance
In 2023, Methanex's revenue was $3.72 billion, a decrease of -13.63% compared to the previous year's $4.31 billion. Earnings were $174.14 million, a decrease of -50.78%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for MEOH stock is "Buy." The 12-month stock price forecast is $55.83, which is an increase of 42.82% from the latest price.
News
Methanex Corporation Announces Successful Syndication of Acquisition Financing
VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful syndication of acquisition financing to support th...
Methanex Analyst Says $2B Acquisition Will Be An Overhang On Shares
Shares of Methanex Corp MEOH have been on a downtrend since the company announced it had inked a definitive agreement to buy OCI Global‘s international methanol business.
Methanex to acquire OCI's methanol business in $2.05 bln deal
Canadian methanol producer Methanex said on Sunday it will acquire Dutch green fuel-maker OCI Global's methanol business in a $2.05 billion deal.
Methanex Corporation Signs Definitive Agreement to Acquire OCI Global's International Methanol Business for $2.05 Billion
Except where otherwise noted, all currency amounts are stated in United States dollars. Unique opportunity to acquire world-scale producing methanol assets with access to robust North American natural...
OCI Global Announces Agreement for the Sale of its Global Methanol Business to Methanex
OCI Global ("OCI", the "Company") has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in its Global Methanol Business ("OCI Methanol") to Methanex Corpora...
Methanex Corporation to Temporarily Idle New Zealand Operations to Assist in Improving Energy Balances
VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into short-term commercial arrangements to provide its co...
Methanex Corporation (MEOH) Q2 2024 Earnings Call Transcript
Methanex Corporation (NASDAQ:MEOH) Q2 2024 Earnings Call Transcript July 31, 2024 11:00 AM ET Company Participants Sarah Herriott - Director of IR Rich Sumner - President and CEO Conference Call Part...
Geismar 3 (“G3”) Produces First Methanol and Methanex Reports Higher Second Quarter 2024 Earnings
Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $35 million and Adjusted EBITDA of $164 million in the secon...
Methanex Corporation – Notice of Cash Dividend
VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quar...
Methanex and Entropy Partner to Reduce Emissions in Methanol Production
Leading Canadian Companies Enter Pre-FEED for Carbon Capture Utilization and Sequestration Deployment in Alberta Leading Canadian Companies Enter Pre-FEED for Carbon Capture Utilization and Sequestrat...
Methanex Corporation Provides Update on Egypt Operations
VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.26 million tonne Egypt methanol production facility (Methanex 50% ...
Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors
VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from i...
Methanex Corporation (MEOH) Q1 2024 Earnings Call Transcript
Methanex Corporation (NASDAQ:MEOH) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Sarah Herriott - Director, Investor Relations Rich Sumner - President & Chief Execu...
Methanex Reports Higher First Quarter 2024 Earnings as Methanol Prices Increase
Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $53 million and Adjusted EBITDA of $160 million in the first...
Methanex Renews and Adds New Tranche to Revolving Credit Facility
VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which repl...
Methanex Releases 2023 Sustainability Report
VANCOUVER, British Columbia, March 08, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) released its 2023 Sustainability Report today to share its progress on the sustainability to...
Methanex Corporation (MEOH) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
NEW YORK--(BUSINESS WIRE)---- $MEOH #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Methanex Corporation (“Methanex”...
Methanex Provides Update on Geismar 3 Methanol Plant in Geismar, Louisiana
VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that commercial production of its new 1.8 million tonne methanol plant, Geism...
Methanex: New G3 Project, Natural Gas Supply Agreement Highlight Positive Outlook
Methanex Corporation appears to be the methanol supply company with the greatest presence in international markets, reaching the Asian, North American, South American, and European markets. The new G3...
Methanex Corporation (MEOH) Q4 2023 Earnings Call Transcript
Methanex Corporation (MEOH) Q4 2023 Earnings Call Transcript
Methanex Reports Higher Fourth Quarter 2023 Earnings as Methanol Prices Strengthen; Geismar 3 in Start Up Process
Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $33 million and Adjusted EBITDA of $148 million in the fourt...
Methanex Corporation to Speak at the 27th Annual CIBC Western Institutional Investor Conference
VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation's (TSX:MX) (NASDAQ:MEOH) President and CEO, Mr. Rich Sumner, will participate in a fireside chat at the 27th Annual ...
Celebrating Seeking Alpha's New Analysts - November 2023 Edition
In November, we welcomed 24 new analysts who published their first article on Seeking Alpha. This series highlights and welcomes these newcomers to our ranks of analysts who share their unique insight...
Methanex: Long-Term Promise, Near-Term Uncertainty
Methanex is a mid-cap producer and supplier of methanol with a strong presence in major international markets. Good governance, a low-cost structure, and a staggered maturity schedule of fixed rate de...