Methanex Corp. (NASDAQ:MEOH) shot up 3.7% on Tuesday . The company traded as high as $30.02 and last traded at $30.01, with a volume of 374,034 shares. The stock had previously closed at $28.95.

A number of equities research analysts have commented on MEOH shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $48.00 price objective (up previously from $43.00) on shares of Methanex Corp. in a research note on Sunday, May 1st. Citigroup Inc. reissued a “hold” rating and issued a $31.00 price objective (down previously from $35.00) on shares of Methanex Corp. in a research note on Friday, July 15th. Jefferies Group reissued a “buy” rating and issued a $41.00 price objective on shares of Methanex Corp. in a research note on Wednesday, June 15th. Cowen and Company reduced their price objective on Methanex Corp. from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Finally, TD Securities raised Methanex Corp. from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.45.

The company has a market cap of $2.73 billion and a P/E ratio of 69.02. The stock’s 50-day moving average is $28.46 and its 200 day moving average is $30.95.

Methanex Corp. (NASDAQ:MEOH) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.09. The business earned $468 million during the quarter, compared to analyst estimates of $422.82 million. Methanex Corp.’s revenue was down 26.6% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. Equities analysts forecast that Methanex Corp. will post ($0.78) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, September 14th.

An institutional investor recently raised its position in Methanex Corp. stock. Dimensional Fund Advisors LP raised its position in shares of Methanex Corp. (NASDAQ:MEOH) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,650 shares of the company’s stock after buying an additional 15,028 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Methanex Corp. worth $4,478,000 as of its most recent filing with the SEC.

Methanex Corporation is a 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, and 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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