Sunil Jagwani Buys 24,255 Shares of Methanex (TSE:MX) Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Sunil Jagwani purchased 24,255 shares of Methanex stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of C$82.23 per share, for a total transaction of C$1,994,488.65. Following the transaction, the insider directly owned 2,595,255 shares of the company’s stock, valued at C$213,407,818.65. This trade represents a 0.94% increase in their ownership of the stock.

Sunil Jagwani also recently made the following trade(s):

• On Thursday, May 28th, Sunil Jagwani purchased 4,200 shares of Methanex stock. The shares were bought at an average price of C$82.34 per share, for a total transaction of C$345,828.00.
• On Friday, May 29th, Sunil Jagwani purchased 745 shares of Methanex stock. The shares were bought at an average price of C$82.36 per share, for a total transaction of C$61,358.20.
• On Friday, May 29th, Sunil Jagwani purchased 20,800 shares of Methanex stock. The shares were bought at an average price of C$81.96 per share, for a total transaction of C$1,704,768.00.
• On Friday, May 22nd, Sunil Jagwani purchased 43,000 shares of Methanex stock. The shares were bought at an average price of C$82.62 per share, for a total transaction of C$3,552,660.00.
• On Friday, May 15th, Sunil Jagwani purchased 40,000 shares of Methanex stock. The shares were bought at an average price of C$87.11 per share, for a total transaction of C$3,484,400.00.
• On Thursday, May 7th, Sunil Jagwani acquired 40,100 shares of Methanex stock. The stock was acquired at an average price of C$84.56 per share, for a total transaction of C$3,390,856.00.
• On Thursday, May 7th, Sunil Jagwani acquired 41,000 shares of Methanex stock. The stock was acquired at an average price of C$84.00 per share, for a total transaction of C$3,444,000.00.
• On Monday, May 4th, Sunil Jagwani acquired 31,900 shares of Methanex stock. The stock was acquired at an average price of C$88.94 per share, for a total transaction of C$2,837,186.00.
• On Monday, May 4th, Sunil Jagwani acquired 32,000 shares of Methanex stock. The stock was acquired at an average price of C$88.15 per share, for a total transaction of C$2,820,800.00.

Methanex Stock Up 4.1%

MX traded up C$3.35 during midday trading on Monday, reaching C$84.91. The company’s stock had a trading volume of 181,968 shares, compared to its average volume of 322,673. The firm has a market capitalization of C$6.57 billion, a price-to-earnings ratio of -116.32, a PEG ratio of 0.44 and a beta of 0.65. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. Methanex Co. has a 1 year low of C$43.27 and a 1 year high of C$92.97. The stock’s 50-day moving average is C$82.96 and its 200-day moving average is C$68.66.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$1.28 billion during the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%. As a group, research analysts expect that Methanex Co. will post 5.9482927 EPS for the current year.

Analyst Ratings Changes

MX has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Royal Bank Of Canada cut shares of Methanex from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$50.00.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.