well has this ever went fora crappola ... seemed to happen after investor day tour of giesmar .think there was any words mentioning maybe they were done buying back stock for a while ..... bmo analyst said spot price was staying very firm for june going into july ..hard to watch they did buyback quite a bit but havent had to time to figure out how much if any left
J
MEOH is an industrial product heavily influenced by the economy. So.. if US economy fall into a recession, this stock also couldn't avoid to go down.
However after correction, it ll be one pf bluechip.. I personally hope for marine fuel usage as Mersk ordered methanol fueling vsl.
F
On its way to $15!
S
Earnings up, revenue up, dividend up, repurchase plan upped to 10% of total stock - surprised stock not up more. Hopefully some upgrades to come in the next few days.
S
Another upgrade:
Jefferies’ Laurence Alexander raised his Methanex Corp. (MEOH-Q, MX-T) target to US$67 from US$56. The average is US$57.83 with a “buy” rating. The average is US$57.83.
S
Upgrades on the way:
Scotia Capital’s Ben Isaacson raised his Methanex Corp. (MEOH-Q, MX-T) target to US$60 from US$56, keeping a “sector outperform” rating. The average is US$56.50. “There are several reasons why we remain bullish” he said. “First, the global energy complex remains elevated, including Chinese coal. This should support marginal cost in the $400/mt area near-term, which is higher than what the Street is pricing in.
J
The last earnings report on December 31 showed earnings per share of $2.43, missing the estimate of $2.44. P/B Ratio (2.161) is normal, around the industry mean (4.439). P/E Ratio (8.065) is within average values for comparable stocks, (93.366). MEOH's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.177). Dividend Yield (0.008) settles around the average of (0.029) among similar stocks. P/S Ratio (0.854) is also within normal values, averaging (24.948). With 556.39K shares outstanding, the current market capitalization sits at 3.76B. https://tickeron.com/news/18173577-meoh-is-expected-to-report-earnings-to-fall-to-2-per-share-on-april-27?via=NanoMatriX
F
Sad, stock falling and so many investors bought the hype. Worth no more than $15. I am a buyer sub $15!
F
Methanex downgraded to SELL by Piper Sandler on poor margin outlook. $15 is all its worth.
F
I am a buyer at sub $20! This company and stock are just a ponzi scheme!
c
finally some good news Methanol prices up again for Feb contract , dont know why Meoh doesnt post news releases on this ....also RBC reiterates target at 50.00 US ...sector perform on the 25th of Jan.
also Tudor Holt maintains target at 49.00 US as of 2 hours ago
Positive. Yesterday MEOH raised its North American methanol contract by +$10 to $492/tonne for Feb'21, following a substantial +$83 increase in Jan and a +$20 jump for Dec.," the investment bank said in a note. "The Feb uptick is a bit surprising since US spot prices have fallen -$17/tonne or -4% m/m in Jan on the back of restarting supply, although Q1-to-date prices are tracking +$38/tonne or +11% higher q/q. Methanol is still at 82% of Brent, above the 3y avg of 70%. Additionally, MEOH also increased Asia contracts by +$25 to $430/tonne for Feb'21, following increases of +$55 and +$40 in Jan and Dec, respectively. This was expected given that spot China prices are up +$21/tonne or +7% MTD. On the volumes side, Atlas has resumed production in Trinidad but management expects Titan to remain idled indefinitely. We should see a near term boost driven by restart of Chile IV and the 10% expansion at Geismar. These trends are certainly positive for MEOH, although the stock has been the worst performer in our coverage YTD after a superb end to last year. Maintain Hold."
f
Why does a company increase its dividend payout ahead of announcing Q2 results unless it was expecting a significant improvement in financial performance? In a weak operating environment one would expect more cashflow going into RE. Methanol is a leading contender to replace HFO/VLSFO as a marine fuel with no sulfur content and is fully compliant with Marpol and 2030 GHG emissions limits. I love this company!
C
Methanol prices are within striking distance of where they were three years ago when this stock was trading over 70 bucks.
E
Great move selling a stake in WFS at the top of the shipping bubble. Dividend was just tripled. Geismar 3 construction to restart. This is a fantastic business, great times ahead. TD just upgraded the stock with a new target at USD 51, that's 55% above today's price!
Some posters have a personal grudge towards the company, just ignore them.
J
Investors were looking for some action on the return or at least a comment on return of the dividend. Hence, down 9% on pretty good methanol pricing. Folks just impatient. Board could have returned some cash given the rosy outlook stated. Why the cash hoard?
S
Why the plunge today? Chart was looking constructive. Did I miss some news?
c
great day ... down 7% ... nasdaq up huge .... dow industrials up huge ..... tsx up ...and this #$%$ tanks .... new government in without incident .... anyword from company why this tanks
J
This stock has a 25% short interest as of June 16, no wonder the stock price is being dragged down
F
Likely to collapse on opening. Expect 10% drop after downgrade! SELL!!!!!
A
Trying to find a rebound number on my charts. It's not jumping out at me, that's for sure. I see unfilled gaps on the daily chart all the way back to last spring. These same gaps don't get reflected on the weekly chart for some reason, except one. The week of November 2/2020 had a high of 40.15 (CDN). The following week had a low of 40.77 . This is close enough that it could be a potential turning point for us. Oddly enough the low from our first big drop was 40.62 on the week of Jan 25/2021. It almost closed the gap. Maybe this time we can put it behind us an get up to the 80s by the end of summer. Waiting and watching for an entry.
However after correction, it ll be one pf bluechip.. I personally hope for marine fuel usage as Mersk ordered methanol fueling vsl.
Jefferies’ Laurence Alexander raised his Methanex Corp. (MEOH-Q, MX-T) target to US$67 from US$56. The average is US$57.83 with a “buy” rating. The average is US$57.83.
Scotia Capital’s Ben Isaacson raised his Methanex Corp. (MEOH-Q, MX-T) target to US$60 from US$56, keeping a “sector outperform” rating. The average is US$56.50. “There are several reasons why we remain bullish” he said. “First, the global energy complex remains elevated, including Chinese coal. This should support marginal cost in the $400/mt area near-term, which is higher than what the Street is pricing in.
also Tudor Holt maintains target at 49.00 US as of 2 hours ago
Positive. Yesterday MEOH raised its North American methanol contract by +$10 to $492/tonne for Feb'21, following a substantial +$83 increase in Jan and a +$20 jump for Dec.," the investment bank said in a note. "The Feb uptick is a bit surprising since US spot prices have fallen -$17/tonne or -4% m/m in Jan on the back of restarting supply, although Q1-to-date prices are tracking +$38/tonne or +11% higher q/q. Methanol is still at 82% of Brent, above the 3y avg of 70%. Additionally, MEOH also increased Asia contracts by +$25 to $430/tonne for Feb'21, following increases of +$55 and +$40 in Jan and Dec, respectively. This was expected given that spot China prices are up +$21/tonne or +7% MTD. On the volumes side, Atlas has resumed production in Trinidad but management expects Titan to remain idled indefinitely. We should see a near term boost driven by restart of Chile IV and the 10% expansion at Geismar. These trends are certainly positive for MEOH, although the stock has been the worst performer in our coverage YTD after a superb end to last year. Maintain Hold."
Dividend was just tripled.
Geismar 3 construction to restart.
This is a fantastic business, great times ahead.
TD just upgraded the stock with a new target at USD 51, that's 55% above today's price!
Some posters have a personal grudge towards the company, just ignore them.
Hence, down 9% on pretty good methanol pricing. Folks just impatient. Board could have returned some cash given the rosy outlook stated. Why the cash hoard?
Waiting and watching for an entry.