Headlines about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methanex Corporation earned a media sentiment score of 0.08 on AlphaOne’s scale. AlphaOne also gave media headlines about the specialty chemicals company an impact score of 17 out of 100, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted AlphaOne’s analysis:
- Hot Stocks Among Investors: Methanex Corporation (MEOH), Ocwen … – Newburgh Gazette (newburghgazette.com)
- New Mexico Senator frustrated by Sessions’ refusal to answer questions (thewestcoastsportsblog.com)
- Sony continues to lock PS4 players out of cross-platform play (emfizz.com)
- Paul Hexter Sells 2000 Shares of Methanex Co. (MX) Stock (cote-ivoire.com)
- The $0.30 mark is well within reach for Methanex Corporation (NASDAQ:MEOH). (footballhebdo.com)
MEOH has been the topic of several research analyst reports. TheStreet upgraded Methanex Corporation from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Methanex Corporation in a research note on Monday, February 27th. Monness Crespi & Hardt upgraded Methanex Corporation from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Monday, April 17th. BMO Capital Markets restated a “buy” rating and issued a $57.00 price objective on shares of Methanex Corporation in a research note on Thursday, April 27th. Finally, TD Securities upgraded Methanex Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $53.00 to $56.00 in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Methanex Corporation presently has a consensus rating of “Hold” and an average price target of $58.08.
Shares of Methanex Corporation (NASDAQ MEOH) traded up 1.36% during midday trading on Friday, reaching $41.05. The company had a trading volume of 698,335 shares. The firm has a market capitalization of $3.62 billion, a P/E ratio of 25.90 and a beta of 1.75. Methanex Corporation has a one year low of $26.83 and a one year high of $53.35. The company has a 50 day moving average price of $42.68 and a 200-day moving average price of $45.86.
Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Methanex Corporation had a net margin of 6.01% and a return on equity of 7.04%. The business had revenue of $810 million during the quarter, compared to analyst estimates of $833.32 million. During the same period in the previous year, the business earned ($0.27) EPS. Methanex Corporation’s revenue was up 86.2% compared to the same quarter last year. On average, analysts anticipate that Methanex Corporation will post $4.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.92%. This is a positive change from Methanex Corporation’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, June 14th. Methanex Corporation’s payout ratio is currently 75.47%.
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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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