Methanex Corporation (NASDAQ:MEOH) Getting Somewhat Favorable News Coverage, Report Shows
News headlines about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Methanex Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 47.354381860799 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Methanex Corp. breached its 50 day moving average in a Bearish Manner : MEOH-US : August 11, 2017 (finance.yahoo.com)
- ETFs with exposure to Methanex Corp. : August 11, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Methanex Corp. (finance.yahoo.com)
- Methanex Corporation (MEOH) Stake Up in Latest Report from Neuberger Berman Group LLC (modernreaders.com)
- Share Performance in View for Methanex Corporation (NASDAQ:MEOH) – Jonesboro Recorder (jonesbororecorder.com)
Several research firms have issued reports on MEOH. BidaskClub lowered Methanex Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. TD Securities cut their target price on Methanex Corporation from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, July 28th. Tudor Pickering lowered Methanex Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $52.00 to $46.00 in a research note on Friday, July 28th. Monness Crespi & Hardt cut their target price on Methanex Corporation from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, July 28th. Finally, Cowen and Company cut their target price on Methanex Corporation from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Methanex Corporation presently has an average rating of “Hold” and an average target price of $56.80.
Shares of Methanex Corporation (MEOH) opened at 43.90 on Friday. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 17.08 and a beta of 1.78. The stock’s 50 day moving average price is $44.48 and its 200-day moving average price is $45.59. Methanex Corporation has a 52 week low of $28.17 and a 52 week high of $53.35.
Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by $0.23. Methanex Corporation had a net margin of 8.92% and a return on equity of 12.43%. The business had revenue of $669 million during the quarter, compared to analysts’ expectations of $772.41 million. During the same quarter in the previous year, the company posted ($0.34) EPS. The company’s revenue was up 42.9% compared to the same quarter last year. Equities analysts anticipate that Methanex Corporation will post $3.80 earnings per share for the current fiscal year.
Methanex Corporation declared that its board has approved a share repurchase plan on Wednesday, July 26th that allows the company to repurchase 1,660,000 outstanding shares. This repurchase authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Saturday, September 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. Methanex Corporation’s payout ratio is currently 47.81%.
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Methanex Corporation 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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