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

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

Methanex Price Performance

TSE MX opened at C$53.83 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58. The firm has a market capitalization of C$3.63 billion, a P/E ratio of 18.56, a PEG ratio of 0.44 and a beta of 1.82. The company has a 50-day moving average price of C$61.46 and a 200-day moving average price of C$64.39. Methanex Co. has a 52 week low of C$49.21 and a 52 week high of C$74.25.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.35 billion. Equities research analysts anticipate that Methanex Co. will post 5.6560088 earnings per share for the current 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 paid a dividend of $0.253 per share. This is a boost from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, September 16th. This represents a $1.01 dividend on an annualized basis and a yield of 1.88%. Methanex’s dividend payout ratio (DPR) is presently 34.83%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MX shares. Piper Sandler upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Barclays cut 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.

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.