Methanex (MEOH) closed the last trading session at $44.42, gaining 11.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $55.82 indicates a 25.7% upside potential.The mean estimate comprises 11 short-term price targets with a standard deviation of $6.91. While the lowest estimate of $46 indicates a 3.6% increase from the current price level, the most optimistic analyst expects the ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and ...

Methanex Corporation (MEOH) recently announced that its fully-owned subsidiary, Methanex US Operations Inc., has priced a private offering of $600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 that is exempt from registration under the United States Securities Act of 1933. The offering size has been increased to $600 million from the previously disclosed $500 million in aggregate principal amount of notes. The notes will be issued at 99.289% of the aggregate principal amount, ...

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 ...

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 ...

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Core Insights - Methanex Corporation reported third-quarter 2024 adjusted earnings of $1.21 per share, significantly up from 2 cents in the same quarter last year, and exceeded the Zacks Consensus Estimate of 44 cents [1] - Revenues increased by approximately 13.6% year over year to $935 million, surpassing the Zacks Consensus Estimate of $920.1 million [1] - Adjusted EBITDA rose 105.7% year over year to $216 million in the reported quarter [1] Operational Highlights - Production for the quarter was 1,347,000 tons, down about 12.8% year over year [2] - Total sales volume in the third quarter was 2,623,000 tons, lower than the previous year's figure of 2,720,000 tons, and missed the estimate of 2,629,000 tons [2] - The average realized price for methanol was $356 per ton, an increase from $303 in the prior-year quarter, but below the estimate of $360 per ton [2] Financials - Cash flow from operating activities was $210 million [3] - The company paid out $12.5 million in regular dividends to shareholders [3] - Methanex concluded the third quarter with $511 million in cash [3] Outlook - Methanex's production projection for the fourth quarter is approximately 1.9 million tons, which will be sold in the fourth quarter and the first quarter of 2025 [4] - The company expects adjusted EBITDA to remain flat sequentially, with higher produced sales and a higher average realized price offset by lower New Zealand gas sales and no benefit from Egypt's insurance recovery [5] - Based on pricing stated in October and November, Methanex anticipates its average realized price range will be $365-$375 per ton for these months [5] Stock Performance - Shares of Methanex have gained 0.1% over the past year, compared to a 7.9% rise in the industry [6]

Methanex Corporation (NASDAQ:MEOH) Q3 2024 Earnings Call Transcript November 7, 2024 11:00 AM ET Company Participants Sarah Herriott - Director of Investor Relations Rich Sumner - President and Chief Executive Officer Conference Call Participants James Cannon - UBS Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Hassan Ahmed - Alembic Global Matthew Blair - TPH Roger Spitz - Bank of America Operator Good morning. My name is Pam, and I will be your conference operator today. At this time, I w ...

Methanex (MEOH) reported $935 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13.6%. EPS of $1.21 for the same period compares to $0.02 a year ago.The reported revenue represents a surprise of +1.62% over the Zacks Consensus Estimate of $920.1 million. With the consensus EPS estimate being $0.44, the EPS surprise was +175.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Methanex (MEOH) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 175%. A quarter ago, it was expected that this methanol supplier would post earnings of $0.49 per share when it actually produced earnings of $0.62, delivering a surprise of 26.53%.Over the last four quarters, the company ...