Methanex(MEOH)

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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Methanex Corporation - MEOH
GlobeNewswire News Room· 2025-04-25 19:33
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Methanex Corporation and its officers or directors [1]. Group 1: Company Performance and Events - On March 9, 2025, Methanex announced an unplanned outage at its 1.8 million tonne methanol plant, Geismar 3, in Louisiana, which occurred in late February [3]. - Following the outage announcement, Methanex's management decided to repair the autothermal reformer (ATR) and estimated a plant startup by early May 2025 [3]. - The stock price of Methanex fell by $5.45 per share, or 12.9%, closing at $36.80 per share on March 10, 2025, after the announcement [4]. Group 2: Legal and Regulatory Context - Pomerantz LLP, a firm known for its work in corporate, securities, and antitrust class litigation, is leading the investigation into Methanex [5]. - The firm has a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [5].
Will Methanex (MEOH) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-18 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Methanex (MEOH) . This company, which is in the Zacks Chemical - Diversified industry, shows potential for another earnings beat.This methanol supplier has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 98.89%.For the las ...
Methanex (MEOH) Soars 17.1%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-10 13:15
Methanex (MEOH) shares rallied 17.1% in the last trading session to close at $30.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 29.2% loss over the past four weeks.MEOH’s rally follows a spike in material stocks after President Trump declared a 90-day pause of reciprocal tariffs for most nations.This methanol supplier is expected to post quarterly earnings of $1.28 per share in its upcoming report, which ...
MEOH Investors Have Opportunity to Join Methanex Corporation Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-03-14 07:43
Core Viewpoint - The Schall Law Firm is investigating Methanex Corporation for potential violations of securities laws related to misleading statements and undisclosed information impacting investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Methanex issued false or misleading statements or failed to disclose critical information to investors [2]. - Methanex announced an unplanned outage at its 1.8 million tonne methanol plant, Geismar 3, in Louisiana, which occurred in late February 2025 [2]. - Following the announcement, Methanex's shares dropped by 12.9% on March 10, 2025, due to analyst downgrades [2]. Group 2: Company Background - Methanex Corporation is a significant player in the methanol production industry, with a notable facility in Geismar, Louisiana [2]. - The company is currently working on repairs to the autothermal reformer (ATR) at the affected plant, with an estimated startup date projected for early May 2025 [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Methanex Corporation - MEOH
Prnewswire· 2025-03-11 19:40
NEW YORK, March 11, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Methanex Corporation ("Methanex" or the "Company") (NASDAQ: MEOH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Methanex and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On March 9, 2025, ...
Methanex Issues Update on Unplanned Outage at Geismar 3
ZACKS· 2025-03-10 16:30
Core Insights - Methanex Corporation's Geismar 3 plant experienced an unplanned outage in late February, impacting second-quarter financial results due to lower methanol sales, although repair costs are not expected to be significant [1] - The plant is projected to restart by early May 2025 after inspections and repairs, with planned maintenance work being expedited [2] - Methanex's production guidance for 2025 is approximately 7.5 million tons, excluding additional production from OCI assets post-acquisition [3] Financial Performance - A significant increase in adjusted EBITDA is anticipated in the first quarter of 2025 compared to the fourth quarter, with produced sales expected to align with fourth quarter 2024 levels and a higher average realized price [4] - The expected average realized price for methanol is projected to be between $395 to $405 per ton for January and February [4] Market Position - Methanex currently holds a Zacks Rank of 3 (Hold), while competitors such as Ingevity Corporation, Carpenter Technology Corporation, and ArcelorMittal have higher rankings [5] - Ingevity has a current-year earnings estimate of $4.45 per share, with a notable earnings surprise average of 202.9% over the past four quarters [6] - Carpenter Technology's earnings estimate is $6.95 per share, with a consistent record of beating estimates and a share price increase of 168.7% in the past year [7] - ArcelorMittal's earnings estimate stands at $3.72 per share, with a mixed record of surpassing estimates [8]
Methanex Provides Update on Geismar Operations
Newsfilter· 2025-03-10 01:00
Core Viewpoint - Methanex Corporation's Geismar 3 methanol plant in Louisiana experienced an unplanned outage, with repairs expected to be completed by early May 2025, impacting second quarter financial results due to lower methanol sales [1][2]. Group 1: Plant Operations - The Geismar 3 plant has a production capacity of 1.8 million tonnes of methanol [1]. - Management has decided to repair the autothermal reformer (ATR) during the outage, which will allow for the completion of other planned maintenance work [2]. - The outage is anticipated to primarily affect the second quarter financial results due to reduced methanol sales [2]. Group 2: Financial Impact - The cost of repairs is not expected to be material, indicating that the financial burden from the outage may be limited [2]. - The previously budgeted three-week outage for planned maintenance is no longer expected to be required, suggesting potential operational efficiencies [2]. Group 3: Company Overview - Methanex is the world's largest supplier of methanol and is publicly traded on the Toronto Stock Exchange and Nasdaq [3]. - The company is headquartered in Vancouver, British Columbia, and operates globally [3].
Methanex(MEOH) - 2024 Q4 - Annual Report
2025-03-07 20:57
ethanex Annual Report TABLE OF CONTENTS | 2 | 2024 Financial Highlights | | --- | --- | | 3 | President's Message to Shareholders | | 5 | Chair's Message to Shareholders | | 6 | Management's Discussion and Analysis | | 49 | Consolidated | | | Financial Statements | | 54 | Notes to Consolidated | | | Financial Statements | Methanex Corporation is the world's largest producer and supplier of methanol and serves customers in Asia Pacific, North America, Europe and South America. Our methanol production sites a ...
Why Is Methanex (MEOH) Down 15.3% Since Last Earnings Report?
ZACKS· 2025-02-28 17:35
A month has gone by since the last earnings report for Methanex (MEOH) . Shares have lost about 15.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Methanex due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Methanex’s Q4 Earnings Outpace Estimates, Revenues Miss ...
3 Reasons Growth Investors Will Love Methanex (MEOH)
ZACKS· 2025-02-25 18:45
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Methanex (MEOH) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [1][2]. Group 1: Earnings Growth - Methanex has a historical EPS growth rate of 16.1%, with projected EPS growth for the current year also at 16.1%, significantly outperforming the industry average of 7.8% [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17%, which is notably higher than the industry average of -2.6% [5]. - Over the past 3-5 years, Methanex's annualized cash flow growth rate has been 9%, compared to the industry average of -3.9% [6]. Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Methanex, with the Zacks Consensus Estimate for the current year increasing by 7.3% over the past month [7]. Group 4: Overall Assessment - Methanex has achieved a Growth Score of A and holds a Zacks Rank 2, indicating it is a potential outperformer and a solid choice for growth investors [9].