Somewhat Favorable News Coverage Somewhat Unlikely to Affect Methanex (NASDAQ:MEOH) Stock Price

Media coverage about Methanex (NASDAQ:MEOH) (TSE:MX) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty 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 0.18 on Accern’s scale. Accern also assigned news stories about the specialty chemicals company an impact score of 45.3761495281177 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Methanex (NASDAQ MEOH) traded down $0.50 during trading hours on Thursday, hitting $60.80. The company had a trading volume of 575,500 shares, compared to its average volume of 613,829. 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 $5,150.00, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 0.92 and a beta of 1.81. Methanex has a 1 year low of $39.47 and a 1 year high of $64.40.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Methanex had a return on equity of 8.31% and a net margin of 5.33%. The firm had revenue of $720.00 million during the quarter, compared to the consensus estimate of $614.19 million. During the same period last year, the company earned ($0.01) EPS. The company’s quarterly revenue was up 41.2% on a year-over-year basis. sell-side analysts expect that Methanex will post 3.85 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, December 31st. Investors of record on Sunday, December 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, December 14th. Methanex’s dividend payout ratio (DPR) is 39.09%.

Several equities analysts recently weighed in on the stock. Scotiabank set a $53.50 price objective on Methanex and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. TD Securities upped their price objective on Methanex to $71.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Cowen reiterated an “outperform” rating and set a $58.00 target price (up previously from $55.00) on shares of Methanex in a research report on Monday, October 9th. Raymond James Financial lowered Methanex from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Tuesday, October 31st. Finally, BidaskClub upgraded Methanex from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.20.

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About Methanex

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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