Methanex Co. (TSE:MX) Director Karine Delbarre Buys 353 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Karine Delbarre bought 353 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average cost of C$53.83 per share, for a total transaction of C$19,001.57.

Methanex Stock Performance

Shares of MX stock opened at C$53.45 on Wednesday. The stock has a market capitalization of C$3.60 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 0.44 and a beta of 1.82. Methanex Co. has a one year low of C$49.21 and a one year high of C$74.25. The company’s 50-day simple moving average is C$61.74 and its 200-day simple moving average is C$64.47. The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25.

Methanex (TSE:MX) (NASDAQ:MEOH) last released 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. Methanex had a return on equity of 10.21% and a net margin of 4.06%. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.35 billion. Equities analysts anticipate that Methanex Co. will post 5.6560088 earnings per share for the current fiscal year.

Methanex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.253 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, September 16th. This is an increase from Methanex’s previous quarterly dividend of $0.25. Methanex’s payout ratio is currently 34.83%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MX shares. Barclays downgraded Methanex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Tudor Pickering raised shares of Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Finally, Piper Sandler upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.

Methanex Company Profile

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.