Methanex Corporation (MEOH) Earning Positive Media Coverage, Report Shows
Headlines about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have been trending positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Methanex Corporation earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the specialty chemicals company an impact score of 23 out of 100, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Methanex Corporation (MEOH) Lifted to “Hold” at BidaskClub (americanbankingnews.com)
- Mattel, Inc. (MAT) Stake Reduced by Park National Corp OH (eleganthomesinla.com)
- Ross Stores Inc (NASDAQ:ROST) Institutional Investor Sentiment Is 1.08 (emfizz.com)
- Methanex Corporation (NASDAQ:MEOH) Traded Well Above Its 50 Day Moving Average (highlightpress.com)
- Methanex Corporation to Post Q2 2017 Earnings of $1.05 Per Share, Jefferies Group Forecasts (NASDAQ:MEOH) (americanbankingnews.com)
Methanex Corporation (MEOH) traded up 1.510% during trading on Monday, reaching $45.375. 89,102 shares of the company’s stock were exchanged. Methanex Corporation has a 12 month low of $26.83 and a 12 month high of $53.35. The firm’s 50-day moving average price is $42.20 and its 200-day moving average price is $45.74. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 28.628 and a beta of 1.78.
Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last posted its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.18. The company had revenue of $810 million during the quarter, compared to the consensus estimate of $833.32 million. Methanex Corporation had a return on equity of 7.04% and a net margin of 6.01%. The firm’s quarterly revenue was up 86.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) EPS. On average, equities research analysts anticipate that Methanex Corporation will post $4.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a dividend of $0.30 per share. This is an increase from Methanex Corporation’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.68%. Methanex Corporation’s dividend payout ratio is presently 75.47%.
MEOH has been the topic of a number of research reports. TD Securities upped their target price on shares of Methanex Corporation from $50.00 to $71.00 and gave the company a “hold” rating in a research report on Tuesday, April 4th. Royal Bank Of Canada cut their target price on shares of Methanex Corporation from $57.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Friday, April 28th. BidaskClub upgraded shares of Methanex Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Scotiabank restated a “sector perform” rating and set a $72.00 target price on shares of Methanex Corporation in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Methanex Corporation in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Methanex Corporation currently has a consensus rating of “Hold” and an average price target of $55.23.
ILLEGAL ACTIVITY NOTICE: “Methanex Corporation (MEOH) Earning Positive Media Coverage, Report Shows” was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/methanex-corporation-meoh-earning-positive-media-coverage-report-shows/1445236.html.
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.
Receive News & Ratings for Methanex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.