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MEOH

Methanex Corporation

https://www.methanex.com

Industry

Chemicals

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. 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. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

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Scotiabank analyst Ben Isaacson has maintained a Sector Outperform rating on Methanex (NASDAQ:MEOH) and increased the price target from $54 to $58.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:55 pm

UBS analyst Joshua Spector maintains a Buy rating on Methanex (NASDAQ:MEOH) and raises the price target from $59 to $62.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:04 pm

Methanex (NASDAQ:MEOH) reported Q1 2024 adjusted earnings of $0.65 per share, surpassing the consensus estimate of $0.42 by 54.76%. Quarterly sales reached $916 million, exceeding estimates of $845.625 million by 8.32%, though this represents an 11.75% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:05 pm

RBC Capital analyst Nelson Ng has reiterated a 'Sector Perform' rating on Methanex (NASDAQ:MEOH), maintaining a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:44 pm

Piper Sandler analyst Charles Neivert maintains a Neutral rating on Methanex (NASDAQ:MEOH) and keeps the price target at $50.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:56 pm

Methanex shares are trading lower following the announcement of a delay in production at its new 1.8 million tonne methanol plant, attributed to complications.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:00 pm

Methanex Corporation announced a delay in the commercial production of its new Geismar 3 methanol plant in Louisiana due to complications in the autothermal reformer during start-up. Significant damage to refractory bricks requires replacement, potentially delaying production until the end of Q3 2024. The issue is attributed to the start-up process, not plant design or construction, and is not expected to significantly exceed the $1.30 billion capital cost guidance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:06 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Emerson Electric, Paycom Software, Roblox Corporation, The Walt Disney Company, IDEX Corporation, Methanex Corporation, Ally Financial, Spirit AeroSystems Holdings, Criteo S.A., and Discover Financial Services. These updates reflect analysts' optimism or neutrality towards these stocks, with specific price target adjustments and rating changes indicating expected stock performance.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:19 pm

UBS analyst Joshua Spector upgrades Methanex (NASDAQ:MEOH) from Neutral to Buy and increases the price target from $51 to $60.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:17 am

Methanex Corporation (NASDAQ:MEOH) reported Q4 adjusted earnings per share (EPS) of $0.52, surpassing the analyst consensus estimate of $0.32 by 62.5%. However, this represents a 28.77% decrease from the $0.73 EPS reported in the same quarter last year. The company's quarterly sales reached $922.00 million, exceeding the consensus estimate of $867.39 million by 6.30%, but marking a 6.49% decline from the $986.00 million in sales reported in the same period the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:42 pm

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