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

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

Methanex Trading Down 0.6 %

Shares of MX stock opened at C$54.41 on Thursday. The business’s fifty day moving average price is C$59.83 and its 200 day moving average price is C$64.28. Methanex Co. has a 1-year low of C$49.21 and a 1-year high of C$74.25. The firm has a market capitalization of C$3.67 billion, a PE ratio of 18.76, a P/E/G ratio of 0.44 and a beta of 1.82. The company has a debt-to-equity ratio of 131.58, a current ratio of 1.25 and a quick ratio of 1.59.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its earnings results on Tuesday, July 30th. The company reported C$0.85 EPS for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.19. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.35 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%. As a group, sell-side analysts forecast that Methanex Co. will post 5.9716467 EPS for the current fiscal year.

Methanex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.253 per share. This represents a $1.01 dividend on an annualized basis and a yield of 1.86%. This is an increase from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, September 16th. Methanex’s payout ratio is presently 34.83%.

Wall Street Analyst Weigh In

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

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.