Latest news with #MEOH
Yahoo
19-06-2025
- Business
- Yahoo
Methanex Gets Green Light for OCI Global's Methanol Business Buyout
Methanex Corporation MEOH recently announced that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has expired. As a result, all regulatory clearances required for Methanex to complete its previously announced acquisition of OCI Global's international methanol business have been secured. The transaction is expected to close on June 27, 2025, pending the satisfaction of customary closing the deal terms, MEOH will purchase 100% of the equity interests in OCI Methanol, comprising 100% of OCI's U.S. and European methanol assets. Given its comprehensive integration strategy, Methanex anticipates moving fast following the deal closing to realize the strategic benefits of this of Methanex have lost 25.1% in the past year compared with a 25.2% decline of the industry. Image Source: Zacks Investment Research The company expects its 2025 production to be lower than its previously estimated 7.5 million tons (Methanex interest) because of an unplanned G3 outage. Second-quarter 2025 results will include an update for production guidance for 2025. Quarterly production may vary depending on gas availability, turnarounds, unscheduled outages and unanticipated company expects lower adjusted EBITDA in the second quarter than in the first quarter, owing to fewer produced sales caused principally by the G3 outage and a lower average realized price. Based on its April and May stated prices, the company expects the average realized price to be between $360 and $370 per ton for these two months. Methanex Corporation price-consensus-chart | Methanex Corporation Quote MEOH currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Centrus Energy Corp. LEU and Avino Silver & Gold Mines Ltd. Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 139.2% in the past year. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Centrus Energy's current-year earnings is pegged at 71 cents. LEU, carrying a Zacks Rank #1, surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with the average earnings surprise being 272.7%. The company's shares have rallied 315.1% in the past Silver, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it delivered an earnings surprise of roughly 104.1%, on average. ASM's shares have rallied 310.6% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Methanex Corporation (MEOH) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
16-06-2025
- Business
- Yahoo
JPMorgan Initiates Coverage on Methanex (MEOH) Stock
Methanex Corporation (NASDAQ:MEOH) is one of the 7 best undervalued stocks to buy now. On June 10, JPMorgan began coverage on the company's stock with a 'Neutral' rating and a price objective of $33.00. The company happens to be a leading global producer and distributor of methanol, which is a critical chemical component utilised in construction materials, plastics, and fuels. An aerial view of a petrochemical manufacturing plant, its intricate network of pipes and vats reflecting the industry's innovation and complexity. The firm's analysts believe that Methanex Corporation (NASDAQ:MEOH)'s financial leverage is expected to increase as a result of prospective acquisitions of methanol and ammonia assets from OCI in the US and Europe. Furthermore, the firm opines that the broader industrial landscape remains sluggish, with no significant expected upswings in methanol demand volume. Also, over the near term, there can be some softening of prices. At the beginning of Q2 2025, Methanex Corporation (NASDAQ:MEOH) has seen moderation in methanol pricing with higher supply from the restart of numerous large-scale methanol plants and a decline in global energy pricing amidst higher uncertainty and concerns related to tariffs and their effect on global activity. Methanex Corporation (NASDAQ:MEOH) expects to complete the acquisition of OCI Global's international methanol business in Q2 2025 and to draw on the $650 million term loan A, which will be available on closing. Methanex Corporation (NASDAQ:MEOH) is a Vancouver-based, publicly traded company that is the world's largest producer and supplier of methanol. While we acknowledge the potential of MEOH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MEOH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Methanex: Q1 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Methanex Corp. (MEOH) on Wednesday reported first-quarter profit of $111 million. The Vancouver, British Columbia-based company said it had profit of $1.44 per share. Earnings, adjusted for non-recurring gains, were $1.30 per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share. The methanol supplier posted revenue of $896 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MEOH at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-04-2025
- Business
- Yahoo
Methanex price target lowered to $53 from $66 at UBS
UBS lowered the firm's price target on Methanex (MEOH) to $53 from $66 and keeps a Buy rating on the shares. The firm sees another challenging earnings cycle, with 'largely ok' downstream earnings, while upstream/commodity earnings will be impacted by higher costs and likely weaker end of quarter demand, the analyst tells investors in a research note. UBS sees earnings misses to drive stocks down vs. provide relief. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MEOH: Disclaimer & DisclosureReport an Issue Methanex downgraded to Neutral from Overweight at Piper Sandler Methanex price target lowered to $55 from $63 at CIBC Methanex price target lowered to $41 from $57 at Barclays Methanex Announces 2025 Annual General Meeting Details Barclays sees potential operational questions for Methanex Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Methanex price target lowered to $55 from $63 at CIBC
CIBC analyst Hamir Patel lowered the firm's price target on Methanex (MEOH) to $55 from $63 and keeps an Outperformer rating on the shares. After meeting with Methanex CEO Rich Sumner, the firm moderated its target due a reduction in its valuation multiple as the firm believes the market will need to see demonstrated consistent operating performance from the company's G3 plant that is currently idled before affording the company a higher multiple. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MEOH: Disclaimer & DisclosureReport an Issue Methanex price target lowered to $41 from $57 at Barclays Methanex Announces 2025 Annual General Meeting Details Barclays sees potential operational questions for Methanex Methanex price target lowered to $64 from $68 at Jefferies Methanex: Undervalued with Strong Long-Term Prospects Despite Short-Term Challenges
