Methanex (MX) Scheduled to Post Earnings on Wednesday

Methanex (TSE:MX) (NASDAQ:MEOH) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Methanex to post earnings of C$0.55 per share for the quarter.

Methanex Trading Down 0.1 %

Shares of Methanex stock opened at C$54.53 on Tuesday. The stock has a fifty day moving average price of C$56.74 and a 200-day moving average price of C$63.26. The company has a debt-to-equity ratio of 131.58, a current ratio of 1.25 and a quick ratio of 1.59. The firm has a market cap of C$3.67 billion, a PE ratio of 18.74, a P/E/G ratio of 0.44 and a beta of 1.79. Methanex has a 1 year low of C$49.21 and a 1 year high of C$74.25.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MX shares. Piper Sandler raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Barclays downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Tudor Pickering raised shares of Methanex to a “strong-buy” rating in a report on Wednesday, September 11th.

Insider Activity at Methanex

In related news, Senior Officer Kevin Price bought 500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of C$50.69 per share, for a total transaction of C$25,347.00. In other Methanex news, Director Leslie O’donoghue acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of C$54.75 per share, with a total value of C$136,876.00. Also, Senior Officer Kevin Price bought 500 shares of Methanex stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of C$50.69 per share, for a total transaction of C$25,347.00. Insiders have purchased 4,953 shares of company stock valued at $262,064 over the last three months. 0.35% of the stock is owned by corporate insiders.

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.