Methanex Corporation (MEOH) Getting Somewhat Positive Media Coverage, Accern Reports
News headlines about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Methanex Corporation earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the specialty chemicals company an impact score of 45.4369959650688 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- $0.89 Earnings Per Share Expected for Methanex Corporation (MEOH) This Quarter (americanbankingnews.com)
- Behind Methanex’s Long-Term Agreement with Painted Pony Energy (finance.yahoo.com)
- Stocks With Rising Relative Price Strength: Methanex (finance.yahoo.com)
- Methanex Signs a Long-Term Natural Gas Supply Agreement With Painted Pony Energy Ltd. for Its Existing Methanol … – Nasdaq (nasdaq.com)
Shares of Methanex Corporation (NASDAQ:MEOH) opened at $50.35 on Wednesday. Methanex Corporation has a 52 week low of $37.05 and a 52 week high of $53.35. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4,299.62, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.80.
Methanex Corporation (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 the consensus estimate of $0.55 by $0.05. The company had revenue of $720.00 million during the quarter, compared to the consensus estimate of $614.19 million. Methanex Corporation had a net margin of 9.81% and a return on equity of 16.02%. The firm’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. equities research analysts predict that Methanex Corporation will post 3.59 EPS for the current year.
Methanex Corporation announced that its board has approved a stock repurchase program on Wednesday, July 26th that allows the company to buyback 1,660,000 shares. This buyback authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
MEOH has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of Methanex Corporation from $54.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 18th. Alembic Global Advisors set a $65.00 target price on shares of Methanex Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Scotiabank boosted their target price on shares of Methanex Corporation from $53.00 to $95.00 and gave the company a “sector perform” rating in a report on Thursday, July 27th. Cowen and Company set a $60.00 target price on shares of Methanex Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Monness Crespi & Hardt dropped their target price on shares of Methanex Corporation from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $54.17.
About Methanex Corporation
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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