Methanex
MEOH
Market cap $2.73B

40.53 USD

-0.54

1.31%

At close Oct 18, 4:00 PM EDT

After hours

40.53

+0.00

0.00%

1 day

-1.31%

5 days

-2.62%

1 month

2.53%

3 months

-19.98%

6 months

-13.88%

Year to date

-14.19%

1 year

-4.21%

5 years

14.43%

About: Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines. China generates the most revenue of any geographical segment.

Employees: 1,451

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

372% more call options, than puts

Call options by funds: $23M | Put options by funds: $4.87M

33% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 18

14% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 51

10% more capital invested

Capital invested by funds: $2.15B [Q1] → $2.37B (+$221M) [Q2]

4% more funds holding

Funds holding: 153 [Q1] → 159 (+6) [Q2]

1.62% more ownership

Funds ownership: 71.26% [Q1] → 72.88% (+1.62%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$44

9%

upside

Avg. target

$56

39%

upside

High target

$68

68%

upside

8 analyst ratings

5 positive

63%

3 neutral

38%

0 negative

0%

UBS Joshua Spector 61% 1-year accuracy 23 / 38 met price target	33%upside $54	Buy Maintained	16 Sept 2024
Raymond James Steve Hansen 100% 1-year accuracy 1 / 1 met price target	33%upside $54	Outperform Maintained	11 Sept 2024
Piper Sandler Charles Neivert 41% 1-year accuracy 11 / 27 met price target	68%upside $68	Overweight Maintained	10 Sept 2024
Barclays Michael Leithead 65% 1-year accuracy 13 / 20 met price target	9%upside $44	Equal-Weight Downgraded	10 Sept 2024
RBC Capital Nelson Ng 100% 1-year accuracy 3 / 3 met price target	36%upside $55	Sector Perform Reiterated	3 Sept 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Why Methanex (MEOH) is a Top Momentum Stock for the Long-Term

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Why Methanex (MEOH) is a Top Momentum Stock for the Long-Term

Methanex Analyst Says $2B Acquisition Will Be An Overhang On Shares

Shares of Methanex Corp MEOH have been on a downtrend since the company announced it had inked a definitive agreement to buy OCI Global‘s international methanol business.

Methanex Analyst Says $2B Acquisition Will Be An Overhang On Shares

Zacks Investment Research

Methanex Expands With the $2B Acquisition of OCI's Methanol Business

MEOH acquires OCI's methanol business for $2.05 billion, boosting global production and entering the ammonia market.

Methanex Expands With the $2B Acquisition of OCI's Methanol Business

Methanex to acquire OCI's methanol business in $2.05 bln deal

Canadian methanol producer Methanex said on Sunday it will acquire Dutch green fuel-maker OCI Global's methanol business in a $2.05 billion deal.

Methanex to acquire OCI's methanol business in $2.05 bln deal

Methanex Corporation Signs Definitive Agreement to Acquire OCI Global's International Methanol Business for $2.05 Billion

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 strategy Acquisition 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.

Methanex Corporation Signs Definitive Agreement to Acquire OCI Global's International Methanol Business for $2.05 Billion

OCI Global Announces Agreement for the Sale of its Global Methanol Business to Methanex

OCI Global ("OCI", the "Company") has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in its Global Methanol Business ("OCI Methanol") to Methanex Corporation ("Methanex"), (the "Transaction"). Purchase price consideration of USD 2.05 billion on a cash-free and debt-free basis ("Enterprise Value" or "Transaction Consideration") following a competitive process.

OCI Global Announces Agreement for the Sale of its Global Methanol Business to Methanex

Zacks Investment Research

Is Methanex (MEOH) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Methanex (MEOH) Stock Undervalued Right Now?

Zacks Investment Research

Methanex (MEOH) to Temporary Idle New Zealand Operations

Methanex (MEOH) has natural gas contracts in New Zealand until 2029 and remains committed to working with all parties involved to improve the country's structural energy balances.

Methanex (MEOH) to Temporary Idle New Zealand Operations

Methanex Corporation to Temporarily Idle New Zealand Operations to Assist in Improving Energy Balances

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into short-term commercial arrangements to provide its contracted natural gas into the New Zealand electricity market. As a result, it is temporarily idling its manufacturing operations in New Zealand until the end of October 2024. These commercial arrangements are expected to positively impact Methanex's Q3 and Q4 2024 earnings with after-tax proceeds expected to meaningfully exceed the margin lost on New Zealand methanol production delivered to customers. The commercial arrangements are structured to provide Methanex with a base price for each unit of gas delivered with further incremental value shared between the parties depending on electricity pricing over the period.

Methanex Corporation to Temporarily Idle New Zealand Operations to Assist in Improving Energy Balances

Methanex Corporation (MEOH) Q2 2024 Earnings Call Transcript

Methanex Corporation (NASDAQ:MEOH ) Q2 2024 Earnings Call Transcript July 31, 2024 11:00 AM ET Company Participants Sarah Herriott - Director of IR Rich Sumner - President and CEO Conference Call Participants Ben Isaacson - Scotiabank Mike Leithead - Barclays Capital James Cannon - UBS Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Hassan Ahmed - Alembic Global Nelson Ng - RBC Capital Markets Matthew Blair - TPH Laurence Alexander - Jefferies Charles Neivert - Piper Sandler Operator Good morning. My name is Aaron, and I will be your conference operator for today.

Methanex Corporation (MEOH) Q2 2024 Earnings Call Transcript

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