Insider Buying: Methanex Co. (TSE:MX) Director Acquires 353 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Karine Delbarre bought 353 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was bought at an average price of C$53.83 per share, for a total transaction of C$19,001.57.

Methanex Trading Up 1.8 %

TSE:MX opened at C$53.45 on Wednesday. The stock has a market cap of C$3.60 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 0.44 and a beta of 1.82. The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25. Methanex Co. has a 1 year low of C$49.21 and a 1 year high of C$74.25. The business has a fifty day moving average of C$61.74 and a 200-day moving average of C$64.47.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its earnings results on Tuesday, July 30th. The company reported C$0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.35 billion. Equities analysts predict 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. Investors 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 1.89%. The ex-dividend date is Monday, September 16th. This is a positive change from Methanex’s previous quarterly dividend of $0.25. Methanex’s dividend payout ratio (DPR) is currently 34.83%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MX. Barclays cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Tudor Pickering upgraded shares of Methanex to a “strong-buy” rating in a research note on Wednesday, September 11th. Finally, Piper Sandler upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

About Methanex

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.