Somewhat Positive Press Coverage Somewhat Unlikely to Impact Methanex (MEOH) Share Price
News headlines about Methanex (NASDAQ:MEOH) (TSE:MX) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methanex earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 45.0190659019305 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Goldcorp (GG) Announces Preliminary Q4 and FY17 Numbers (finance.yahoo.com)
- Praxair (PX) Extends Hydrogen Supply Contract With Motiva (finance.yahoo.com)
- Newmont (NEM) Hits New 52-Week High: What's Driving It? (finance.yahoo.com)
- Methanex (MEOH) Downgraded to “Hold” at BidaskClub (americanbankingnews.com)
- Volume Moving the Tape 0.99% For Methanex Cp (MEOH) – Clawson News (clawsonnews.com)
A number of equities analysts recently weighed in on MEOH shares. BMO Capital Markets restated a “buy” rating and issued a $57.00 price objective on shares of Methanex in a report on Friday, November 24th. Jefferies Group restated a “buy” rating and issued a $60.00 price objective on shares of Methanex in a report on Thursday, October 19th. TD Securities boosted their price objective on shares of Methanex from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Methanex from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Methanex from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.20.
Methanex (NASDAQ:MEOH) (TSE:MX) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Methanex had a net margin of 9.81% and a return on equity of 16.02%. The business had revenue of $720.00 million during the quarter, compared to the consensus estimate of $614.19 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue was up 41.2% on a year-over-year basis. equities analysts predict that Methanex will post 3.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, December 31st. Shareholders of record on Sunday, December 17th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, December 14th. Methanex’s dividend payout ratio (DPR) is presently 39.09%.
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.
Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.