Methanex Co. (TSE:MX) Director Leslie O’donoghue Acquires 2,500 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Leslie O’donoghue acquired 2,500 shares of Methanex stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of C$54.75 per share, for a total transaction of C$136,876.00.

Methanex Stock Performance

Methanex stock opened at C$54.41 on Thursday. The firm has a market capitalization of C$3.67 billion, a P/E ratio of 18.76, a PEG ratio of 0.44 and a beta of 1.82. The stock has a fifty day moving average price of C$59.83 and a 200 day moving average price of C$64.28. Methanex Co. has a 52 week low of C$49.21 and a 52 week high of C$74.25. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its earnings results on Tuesday, July 30th. The company reported C$0.85 EPS for the quarter, beating the consensus estimate of C$0.66 by C$0.19. The firm had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.35 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%. Equities research analysts anticipate that Methanex Co. will post 5.9716467 earnings per share for the current year.

Methanex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.253 dividend. This is a positive change from Methanex’s previous quarterly dividend of $0.25. This represents a $1.01 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, September 16th. Methanex’s dividend payout ratio is presently 34.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Piper Sandler upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Barclays downgraded Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Tudor Pickering upgraded Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th.

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.