Methanex (MEOH) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about Methanex (NASDAQ:MEOH) (TSE:MX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Methanex earned a news impact score of 0.10 on Accern’s scale. Accern also assigned headlines about the specialty chemicals company an impact score of 45.8620841433202 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Several analysts have recently commented on the stock. ValuEngine cut shares of Methanex from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th. Scotiabank raised their target price on shares of Methanex from $53.50 to $74.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. BMO Capital Markets restated a “buy” rating and issued a $57.00 target price on shares of Methanex in a research note on Friday, November 24th. Raymond James Financial cut shares of Methanex from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research note on Tuesday, October 31st. Finally, Royal Bank Of Canada raised their target price on shares of Methanex from $50.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. 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. Methanex currently has a consensus rating of “Hold” and an average price target of $55.53.

Shares of Methanex (NASDAQ:MEOH) opened at $54.30 on Wednesday. The company has a market cap of $4,532.54, a PE ratio of 16.41, a PEG ratio of 0.97 and a beta of 1.82. Methanex has a twelve month low of $39.47 and a twelve month high of $55.10. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $614.19 million. During the same period last year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis. research analysts predict that Methanex will post 3.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Sunday, December 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.21%. Methanex’s dividend payout ratio is presently 39.87%.

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Methanex 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.

Insider Buying and Selling by Quarter for Methanex (NASDAQ:MEOH)

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