Dean Richardson Buys 1,500 Shares of Methanex Co. (TSE:MX) Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Dean Richardson acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of C$50.52 per share, for a total transaction of C$75,780.00.

Methanex Stock Up 1.0 %

Shares of Methanex stock opened at C$51.30 on Friday. Methanex Co. has a 12-month low of C$49.21 and a 12-month high of C$74.25. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58. The stock has a 50 day moving average price of C$62.22 and a two-hundred day moving average price of C$64.55. The stock has a market capitalization of C$3.46 billion, a P/E ratio of 17.69, a PEG ratio of 0.44 and a beta of 1.82.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.66 by C$0.19. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The business had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.35 billion. Equities analysts expect that Methanex Co. will post 5.6560088 earnings per share for the current year.

Methanex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.253 dividend. This is an increase from Methanex’s previous quarterly dividend of $0.25. This represents a $1.01 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, September 16th. Methanex’s dividend payout ratio (DPR) is currently 34.83%.

Analysts Set New Price Targets

MX has been the subject of several recent research reports. Piper Sandler raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Barclays cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Tudor Pickering raised Methanex to a “strong-buy” rating in a research report on Wednesday.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.