Methanex Co. (TSE:MX) Forecasted to Post Q2 2017 Earnings of $1.36 Per Share
Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities researchers at Jefferies Group decreased their Q2 2017 earnings per share estimates for Methanex in a report released on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the company will earn $1.36 per share for the quarter, down from their prior forecast of $1.44. Jefferies Group also issued estimates for Methanex’s Q3 2017 earnings at $0.86 EPS, Q4 2017 earnings at $0.89 EPS and FY2017 earnings at $5.05 EPS.
Other analysts also recently issued reports about the company. Royal Bank Of Canada reduced their price target on Methanex to C$73.50 and set a “sector perform” rating for the company in a research note on Friday, April 28th. Scotiabank reissued a “sector perform” rating and set a C$69.00 price target on shares of Methanex in a report on Tuesday, July 4th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$57.00 price target on shares of Methanex in a report on Thursday, July 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$59.50.
Shares of Methanex (TSE:MX) opened at 56.53 on Friday. The stock has a 50 day moving average price of $56.51 and a 200 day moving average price of $61.02. The company has a market capitalization of $4.99 billion and a PE ratio of 35.67. Methanex has a 52-week low of $35.19 and a 52-week high of $69.88.
In other Methanex news, Director Douglas James Arnell purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was bought at an average cost of C$58.24 per share, with a total value of C$29,120.00. Also, Director Mohamed Shindy purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of C$43.54 per share, with a total value of C$65,310.00. In the last quarter, insiders acquired 2,030 shares of company stock worth $96,218.
Methanex Company Profile
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
Receive News & Ratings for Methanex Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex Co. and related companies with MarketBeat.com's FREE daily email newsletter.