Home Daily Stock Opinions and Ratings Methanex Corp (MX-T)

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Methanex Corp (MX-T)

84 watching

TSE:MX

70.55
0.41 (0.58%) 1d
Feb 8, 2023, 9:00 pm
0
BUY

Methanex Corp(MX-T)

03/02/2023
Methanex Corp

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Earnings per share were 73c, beating estimates of 37c by a wide margin. 
Sales of $986M beat estimates by 4%. 
Earnings did fall year over year as prices fell about 16%, even as production increased. 
The company continues to buy back its own stock. 
The new incoming CEO sounded confident for 2023 and about 30% earnings growth is expected this year. 
The market has responded well to these better-than-expected results. Unlock Premium - Try 5i Free

chemicals
Stockchase Insights
$67.420
Unknown
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PAST TOP PICK

Methanex Corp(MX-T)

09/11/2022
Methanex Corp
(A Top Pick Nov 03/21, Down 11%) Tough. He sold, recognizing peak of earnings cycle had come and gone. The cycle for this industry is wild.
chemicals
Brian Madden
$50.520
No
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DON'T BUY

Methanex Corp(MX-T)

11/08/2022
Methanex Corp
The group as a whole has been tougher with weak relative strength. This one kept making lower lows. Not participating in this rally. Avoid. See his Top Picks.
chemicals
David Burrows
$48.400
No
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TOP PICK

Methanex Corp(MX-T)

08/08/2022
Methanex Corp
In general the price of methanol tracks the price of oil and should go higher. Natural gas is the feeder stock into methanol. As prices ease this should be good for Methanex. Transportation costs are dropping so costs to ship methanol will drop and therefore costs for Methanex. Buy 6 Hold 5 Sell 2 (Analysts’ price target is $63.06)
chemicals
Andrew Pyle
$47.140
Owned
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PARTIAL SELL

Methanex Corp(MX-T)

21/07/2022
Methanex Corp
Cyclical or core? Cyclical. He's been trimming. Depends on industrial production, which has peaked. From Q2 reporting onwards, methanex prices should get softer. Wild card is European peer operations are shut due to low price of nat gas, creating supply constraint. Buying back stock, increasing dividend.
chemicals
Brian Madden
$49.750
Owned
UnlockRating
PAST TOP PICK

Methanex Corp(MX-T)

04/05/2022
Methanex Corp
(A Top Pick May 04/21, Up 47%) World leader, with a 14% market share. Uniquely advantaged, as a lot of the European rivals are facing astronomical natural gas prices. $7 EPS expected this year, and that's not the peak. Sees upside, despite good performance already.
chemicals
Brian Madden
$69.620
Owned
UnlockRating
DON'T BUY

Methanex Corp(MX-T)

23/03/2022
Methanex Corp
Very whippy, counterintuitive. Tough to play. In favour right now, and tends to track oil prices. Global production issues. Buy it when no one wants it. But seriously, leave it for someone else.
chemicals
Greg Newman
$70.340
Unknown
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DON'T BUY

Methanex Corp(MX-T)

08/11/2021
Methanex Corp
He tries to stay away from commodity-type names. They have too much volatility.
chemicals
Brett Girard, CPA, CA, CFA
$58.600
Unknown
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TOP PICK

Methanex Corp(MX-T)

03/11/2021
Methanex Corp
Prolific free cashflow throughout the cycle. Earnings poised to grow another 74% in the next quarter. Expects a lot of share buybacks. Good upside from here. Yield is 1.08%. (Analysts’ price target is $52.46)
chemicals
Brian Madden
$57.400
Owned
UnlockRating
PAST TOP PICK

Methanex Corp(MX-T)

10/09/2021
Methanex Corp
(A Top Pick Sep 10/20, Up 68%) Shares were depressed last year. Methanol is used as a fuel additive. 14% global share. Now methanol prices are back up off the summer lows from last year. Incurred a loss last year. Low cost operator. Has contractural linkage with natural gas.
chemicals
Brian Madden
$49.800
Owned
UnlockRating
DON'T BUY

Methanex Corp(MX-T)

26/08/2021
Methanex Corp
Tangentially related to oil demand. You can buy quality, dividend-paying oil and gas producers with more sustainability and production predictability, without the specifics around methanol demand/supply. Gas is an area he's more excited about. Look to large senior producers in Canada instead.
chemicals
Ryan Bushell
$44.100
Unknown
UnlockRating
DON'T BUY

Methanex Corp(MX-T)

23/08/2021
Methanex Corp
He is not as much a fan of this one. The supply is controlled by a few players and there is no demand growth. He has trouble with single commodity companies.
chemicals
John Zechner
$41.030
No
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BUY

Methanex Corp(MX-T)

21/07/2021
Methanex Corp

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is back to being profitable. The valuation is cheap with price to sale at 0.8x with forward P/E at 9.4x. Price to book is 1.9x. Healthy cash balance and strong financial position. Unlock Premium - Try 5i Free

chemicals
Stockchase Insights
$41.920
Unknown
UnlockRating
BUY on WEAKNESS

Methanex Corp(MX-T)

09/07/2021
Methanex Corp
Used to own it in the portfolio. An ancillary energy play. Playing inversely against natural gas. In the cyclical category. If you believe there will be a cyclical rebound in the world, it is a good play. Was extremely overbought and nat gas prices have gone up. The valuation has gotten to a point where it is attractive as an entry point. Will benefit over the next 3 years.
chemicals
Andrew Pyle
$42.400
No
UnlockRating
HOLD

Methanex Corp(MX-T)

21/06/2021
Methanex Corp

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It’s back to being profitable and increasing revenues over the past quarter. Valuation remains cheap. Methanol prices should return to pre-pandemic levels in the near future. Unlock Premium - Try 5i Free

chemicals
Stockchase Insights
$41.460
Unknown
UnlockRating
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Methanex Corp(MX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 6

Stockchase rating for Methanex Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Methanex Corp(MX-T) Frequently Asked Questions

What is Methanex Corp stock symbol?

Methanex Corp is a Canadian stock, trading under the symbol MX-T on the Toronto Stock Exchange (MX-CT). It is usually referred to as TSX:MX or MX-T

Is Methanex Corp a buy or a sell?

In the last year, 6 stock analysts published opinions about MX-T. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Methanex Corp.

Is Methanex Corp a good investment or a top pick?

Methanex Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Methanex Corp.

Why is Methanex Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Methanex Corp worth watching?

6 stock analysts on Stockchase covered Methanex Corp In the last year. It is a trending stock that is worth watching.

What is Methanex Corp stock price?

On 2023-02-08, Methanex Corp (MX-T) stock closed at a price of $70.55.

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