Methanex Co. (TSE:MX) Senior Officer Kevin Price Buys 500 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Senior Officer Kevin Price bought 500 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average cost of C$50.69 per share, with a total value of C$25,347.00.

Methanex Price Performance

Shares of Methanex stock opened at C$51.30 on Friday. Methanex Co. has a twelve month low of C$49.21 and a twelve month high of C$74.25. 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. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. The business’s fifty day moving average price is C$62.22 and its 200 day moving average price is C$64.55.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its earnings results on Tuesday, July 30th. The company reported C$0.85 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.19. The firm had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.35 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%. As a group, research analysts anticipate that Methanex Co. will post 5.6560088 earnings per share for the current year.

Methanex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.253 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Monday, September 16th. This is a boost from Methanex’s previous quarterly dividend of $0.25. Methanex’s payout ratio is currently 34.83%.

Wall Street Analyst Weigh In

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

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.