Methanex Corporation (MEOH)

NASDAQ: MEOH · Real-Time Price · USD
39.09
-0.08 (-0.20%)
Nov 1, 2024, 4:00 PM EDT - Market closed
-0.20%
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]

Industry Chemicals
Sector Materials
Founded 1968
Employees 1,451
Stock Exchange NASDAQ
Ticker Symbol MEOH
Full Company Profile

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 Statements

Analyst 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.

Price Target
$55.83
(42.82% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

3 days ago - GlobeNewsWire

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.

7 weeks ago - Benzinga

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.

7 weeks ago - Reuters

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...

7 weeks ago - GlobeNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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% ...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

6 months ago - Seeking Alpha

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...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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”...

8 months ago - Business Wire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - Seeking Alpha

Methanex Corporation (MEOH) Q4 2023 Earnings Call Transcript

Methanex Corporation (MEOH) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

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...

9 months ago - GlobeNewsWire

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 ...

10 months ago - GlobeNewsWire

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...

11 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha