Methanex (TSE:MX) Insider Kyung Wan (Fred) Lee Sells 7,975 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Kyung Wan (Fred) Lee sold 7,975 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$88.02, for a total transaction of C$701,959.50. Following the completion of the sale, the insider directly owned 5,025 shares in the company, valued at C$442,300.50. This trade represents a 61.35% decrease in their ownership of the stock.

Methanex Stock Performance

Methanex stock opened at C$84.41 on Friday. The firm has a market capitalization of C$6.53 billion, a P/E ratio of -115.63, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65. The company has a debt-to-equity ratio of 143.44, a current ratio of 1.96 and a quick ratio of 1.59. Methanex Co. has a 1-year low of C$44.57 and a 1-year high of C$92.97. The company’s 50-day moving average is C$83.62 and its 200 day moving average is C$69.58.

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

Analysts Set New Price Targets

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

Methanex Company Profile

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.