Methanex (NASDAQ:MEOH) reported quarterly Adj earnings of $0.65 per share which beat the analyst consensus estimate of $0.42 by 54.76 percent. The company reported quarterly sales of $916.000 million which beat the analyst consensus estimate of $845.625 million by 8.32 percent. This is a 11.75 percent decrease over sales of $1.038 billion the same period last year.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/10/2024 | $56.00 → $44.00 | Overweight → Equal Weight | Barclays |
| 8/7/2024 | $50.00 → $51.00 | Neutral → Overweight | Piper Sandler |
| 2/8/2024 | $51.00 → $60.00 | Neutral → Buy | UBS |
| 11/2/2023 | $40.00 → $45.00 | Sell → Neutral | UBS |
| 10/30/2023 | $47.00 → $54.00 | Sector Perform → Sector Outperform | Scotiabank |
| 9/19/2023 | $50.00 → $60.00 | Mkt Perform → Outperform | Raymond James |
| 6/12/2023 | $60.00 → $47.00 | Sector Outperform → Sector Perform | Scotiabank |
| 4/12/2023 | $46.00 → $49.00 | Underweight → Neutral | Piper Sandler |
6-K - METHANEX CORP (0000886977) (Filer)
6-K - METHANEX CORP (0000886977) (Filer)
6-K - METHANEX CORP (0000886977) (Filer)
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or "Methanex") (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on December 31, 2024, to holders of common shares of record on December 17, 2024. About MethanexMethanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Select Market in the United States under th
Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average realized price in the third quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024.Announced the signing of a definitive agreement to acquire OCI Global's international methanol business for approximately $2.05 billion, including OCI's interest in two world class methanol facilities in Beaumont, Texas. The transaction is expected to close in the first half of 2025.Geismar 3 ("G3") produced first methanol in
Except where otherwise noted, all currency amounts are stated in United States dollars. Unique opportunity to acquire world-scale producing methanol assets with access to robust North American natural gas feedstock Aligns with Methanex's strategic priorities and value-creation strategyAcquisition expected to be immediately accretive to free cash flow per share OCI to hold a 13 percent ownership interest upon closing VANCOUVER, British Columbia, Sept. 08, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation ("Methanex" or the "Company") (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into a definitive agreement to acquire OCI Global's ("OCI") international methanol business for $2.05
Scotiabank analyst Ben Isaacson maintains Methanex (NASDAQ:MEOH) with a Sector Outperform and raises the price target from $58 to $60.
UBS analyst Joshua Spector maintains Methanex (NASDAQ:MEOH) with a Buy and raises the price target from $62 to $64.
SC 13G/A - METHANEX CORP (0000886977) (Subject)
SC 13G/A - METHANEX CORP (0000886977) (Subject)
SC 13G/A - METHANEX CORP (0000886977) (Subject)
Barclays downgraded Methanex from Overweight to Equal Weight and set a new price target of $44.00 from $56.00 previously
Piper Sandler upgraded Methanex from Neutral to Overweight and set a new price target of $51.00 from $50.00 previously
UBS upgraded Methanex from Neutral to Buy and set a new price target of $60.00 from $51.00 previously
VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 25, 2024 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 57,127,836 common shares were voted at the meeting, representing 84.78% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: DirectorVotes For% of Votes ForVotes Against% of Votes AgainstDoug Arnell55,781,22199.66188,6140.34Jim Bertram55,600,77999.34369
VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of John Sampson, Senior Vice President, Operations, Manufacturing and Engineering at Dow Inc., to its Board of Directors effective October 1, 2023. With a career spanning 40 years in the chemical and materials sector, Mr. Sampson brings a wealth of industry knowledge and business acumen. From 1996 to 2015, Mr. Sampson held a variety of increasingly senior management positions at Dow, including Vice President, Environment, Health & Safety and Manufacturing Vice President, Chemicals & Energy. In 2015, Mr. Sampson joined Olin Corp as Vice Presiden
VANCOUVER, British Columbia, April 28, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 27, 2023 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 59,123,988 common shares were voted at the meeting, representing 86% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: DirectorVotes For% of Votes ForVotes Against% of Votes AgainstDoug Arnell57,577,30498.90641,9951.10Jim Bertram53,779,52292.374,439,
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex") announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has priced an offering of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 (the "notes") in a private offering (the "Offering") exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The size of the Offering was increased to US$600 million from the previously announced Offering size of US$500 million in aggregate principal amount of notes. The notes will be issued at a price of 99.289% of the a
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or "Methanex") (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on December 31, 2024, to holders of common shares of record on December 17, 2024. About MethanexMethanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Select Market in the United States under th
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex") announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has launched an offering of US$500 million aggregate principal amount of senior unsecured notes due 2032 (the "notes") in a private offering (the "Offering") exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The notes will be guaranteed on a senior basis by Methanex. Methanex intends to use the net proceeds from the Offering to fund a portion of the cash purchase price of its previously announced agreement to acquire OCI Gl