News headlines about Methanex (NASDAQ:MEOH) (TSE:MX) have trended somewhat positive on Thursday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Methanex earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 45.5161098075185 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
Methanex (NASDAQ:MEOH) traded up $1.35 during midday trading on Thursday, hitting $57.25. The stock had a trading volume of 1,238,900 shares, compared to its average volume of 783,512. Methanex has a 52-week low of $39.47 and a 52-week high of $58.25. The stock has a market capitalization of $4,810.00, a PE ratio of 16.99, a P/E/G ratio of 1.00 and a beta of 1.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.17 and a current ratio of 1.59.
Methanex (NASDAQ:MEOH) (TSE:MX) last released 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 return on equity of 16.02% and a net margin of 9.81%. The firm had revenue of $720.00 million for the quarter, compared to analysts’ expectations of $614.19 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis. equities research analysts expect that Methanex will post 3.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Stockholders of record on Sunday, December 17th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.10%. Methanex’s dividend payout ratio is currently 39.09%.
Several research firms have recently issued reports on MEOH. Cowen reissued an “outperform” rating and set a $65.00 target price (up from $58.00) on shares of Methanex in a research note on Thursday. ValuEngine cut Methanex from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 price target on shares of Methanex in a research note on Friday, November 24th. Scotiabank upped their price target on Methanex from $53.50 to $74.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Finally, Jefferies Group upped their price target on Methanex to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $56.00.
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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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