Methanex Corporation

MX

CA59151K1084

Commodity Chemicals

Market Closed - Toronto S.E. Other stock markets 01:30:00 27/06/2024 am IST			5-day change	1st Jan Change
66.2 ^CAD	+0.88%		+0.56%	+5.62%

06/06	Methanex Maintained at Buy at UBS as Egypt Production Suspended on Gas-Supply Disruption; Price Target Raised to US$62.00	MT
05/06	RBC on Methanex's Egypt Operations Update	MT

Methanex Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2018

January 31, 2019 at 03:57 am IST

Methanex Corporation announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was USD 976.551 million compared to USD 861.433 million a year ago. Operating income was USD 213.577 million compared to USD 138.384 million a year ago. Net income was USD 160.876 million compared to USD 68.039 million a year ago. Basic earnings per share was USD 2.07 compared to USD 0.81 a year ago. Diluted earnings per share was USD 1.68 compared to USD 0.81 a year ago. For the full year, sales was USD 3,931.847 million compared to USD 3,060.642 million a year ago. Operating income was USD 829.624 million compared to USD 476.468 million a year ago. Net income was USD 568.982 million compared to USD 316.135 million a year ago. Basic earnings per share was USD 7.07 compared to USD 3.64 a year ago. Diluted earnings per share was USD 6.92 compared to USD 3.64 a year ago.

Latest news about Methanex Corporation

Methanex Maintained at Buy at UBS as Egypt Production Suspended on Gas-Supply Disruption; Price Target Raised to US$62.00	06/06	MT
RBC on Methanex's Egypt Operations Update	05/06	MT
Methanex Says its 50% Owned Egyptian Methanol Plant Idled on Low Natural-Gas Supply	05/06	MT
Methanex Shuts Egypt Methanol Plant Temporarily on Low Gas Supply	05/06	MT
Methanex Brief: Providing Update on Egypt Operations	05/06	MT
Methanex Price Target Raised to US$55 at RBC	03/06	MT
RBC Raises Price Target on Methanex to $55 From $50 on Higher Near-Term Methanol Prices, Maintains Sector Perform Rating	03/06	MT
Methanex Maintained at Buy at TPH as June Methanol Prices Rise; Price Target at US$54.00	30/05	MT
UBS Adjusts Price Target on Methanex to $60 From $62, Maintains Buy Rating	30/04	MT
Methanex Price Target Raised to US$50 at RBC	26/04	MT
Methanex Corporation Approves Appointment of Roger Perreault to its Board of Directors	26/04	CI
RBC Capital Markets Maintains Methanex's Sector Perform Rating, US$45 Price Target, After In-Line Q1 Results	25/04	MT
UBS Adjusts Methanex Price Target to $62 From $59, Maintains Buy Rating	25/04	MT
Transcript : Methanex Corporation, Q1 2024 Earnings Call, Apr 25, 2024	25/04
Methanex Corporation Declares Quarterly Cash Dividend, Payable on June 28, 2024	25/04	CI
Methanex Up 2.2% After Hours as its Q1 Profit Falls 42% on Lower Prices and Production, But Tops Estimates	25/04	MT
Methanex Brief: Says Work is "Progressing" to safely repair the Geismar 3 Plant and Co believes Plant is "On Track" to start up in the third quarter of 2024	25/04	MT
Methanex Brief: Q1 Net income attributable to Methanex shareholders of US$53 million	25/04	MT
Methanex Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	25/04	CI
Methanex Brief: Renewing and Adding New Tranche to Revolving Credit Facility	25/04	MT
Methanex Corporation Updates Production Guidance for the Year 2024	25/04	CI
Methanex Corporation Renews and Adds New Tranche to Revolving Credit Facility	25/04	CI
Methanex Maintained at Buy at TPH as Methanol Prices Rise; Price Target at US$52.00	24/04	MT
North American Morning Briefing : Tesla Surges, More Big-Tech Earnings in Spotlight	24/04	DJ
Methanex Keeps Sector-Perform Rating, US$45 Price Target, From RBC Capital Markets	23/04	MT

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Company Profile

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets. The Company supplies methanol to international markets in North America, Asia Pacific, Europe, and South America. Its operations consist of the production and sale of methanol, a commodity chemical. It operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States. It has three plants in New Zealand, Motunui 1, Motunui 2 and Waitara Valley. Its two plants in Geismar serve customers in methanol markets. It has two plants in Trinidad, Titan and Atlas that supplies methanol to various methanol markets. Its Chile production site supplies methanol to customers in South America and Asia Pacific, having two plants in Chile, Chile I and Chile IV. Its Egypt plant is located on the Mediterranean Sea and primarily supply methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.

Sector

Commodity Chemicals

Calendar

24/07/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Methanex Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

48.34 USD

Average target price

53.5 USD

Spread / Average Target

+10.68%

Consensus

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