Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Methanex expects Titan methanol facility to remain idled indefinitely » 08:19
01/07/21
01/07
08:19
01/07/21
08:19
MEOH

Methanex

$47.11 /

+0.14 (+0.30%)

Methanex Corporation…

Methanex Corporation announced that it expects its Titan methanol facility in Trinidad will remain idled indefinitely. As a result, the Company has made the decision to restructure its Trinidad operations to support a one-plant operation and reduce its Trinidad workforce by approximately 60 positions filled by employees and long-term contractors. The company said, "To date, we have not been successful reaching an agreement for an economic longer-term natural gas agreement and given that the economic recovery path remains uncertain we believe it is prudent to reduce costs while continuing our efforts to secure longer-term gas supply. The Atlas methanol facility is not affected by the change and continues to operate as it is underpinned by a separate natural gas supply agreement that expires in 2024."

ShowHide Related Items >><<
MEOH Methanex
$47.11 /

+0.14 (+0.30%)

MEOH Methanex
$47.11 /

+0.14 (+0.30%)

01/06/21 Scotiabank
Methanex cut to Sector Perform on coming methanol headwinds at Scotiabank
01/06/21 Citi
Methanex upgraded to Buy from Neutral at Citi
01/06/21 Scotiabank
Methanex downgraded to Sector Perform from Outperform at Scotiabank
01/04/21 Raymond James
Methanex price target raised to $55 from $45 at Raymond James
MEOH Methanex
$47.11 /

+0.14 (+0.30%)

MEOH Methanex
$47.11 /

+0.14 (+0.30%)

Downgrade
Methanex cut to Sector Perform on coming methanol headwinds at Scotiabank » 09:18
01/06/21
01/06
09:18
01/06/21
09:18
MEOH

Methanex

$46.92 /

+1.53 (+3.37%)

Scotiabank analyst Ben…

Scotiabank analyst Ben Isaacson downgraded Methanex to Sector Perform from Outperform with a $42 price target. Methanol has been the best performing petrochemical since the COVID-19 market rout, driving a greater than 400% advance in Methanex shares since March, noted Isaacson. While he is not suggesting the run-up in methanol pricing will end tomorrow, since some data points suggest the peak is still "several weeks out," he notes that methanol input costs continue to rise at a faster rate than olefin and polyolefin prices in China and he sees a methanol price correction as likely to begin in the next six to eight weeks.

ShowHide Related Items >><<
MEOH Methanex
$46.92 /

+1.53 (+3.37%)

MEOH Methanex
$46.92 /

+1.53 (+3.37%)

01/06/21 Citi
Methanex upgraded to Buy from Neutral at Citi
01/06/21 Scotiabank
Methanex downgraded to Sector Perform from Outperform at Scotiabank
01/04/21 Raymond James
Methanex price target raised to $55 from $45 at Raymond James
01/04/21 RBC Capital
Methanex downgraded to Sector Perform from Outperform at RBC Capital
MEOH Methanex
$46.92 /

+1.53 (+3.37%)

MEOH Methanex
$46.92 /

+1.53 (+3.37%)

Upgrade
Methanex upgraded to Buy from Neutral at Citi » 07:53
01/06/21
01/06
07:53
01/06/21
07:53
MEOH

Methanex

$46.92 /

+1.53 (+3.37%)

Citi analyst P.J. Juvekar…

Citi analyst P.J. Juvekar upgraded Methanex to Buy from Neutral with a price target of $55, up from $33. Higher oil prices and improving methanol fundamentals are positive for the company, and its volumes should benefit from the restart of idled capacity, Juvekar tells investors in a research note. The analyst is "some cyclicality" to his chemicals and agriculture portfolio into 2021.

ShowHide Related Items >><<
MEOH Methanex
$46.92 /

+1.53 (+3.37%)

MEOH Methanex
$46.92 /

+1.53 (+3.37%)

01/06/21 Scotiabank
Methanex downgraded to Sector Perform from Outperform at Scotiabank
01/04/21 Raymond James
Methanex price target raised to $55 from $45 at Raymond James
01/04/21 RBC Capital
Methanex downgraded to Sector Perform from Outperform at RBC Capital
12/29/20 BMO Capital
Methanex price target raised to $60 from $50 at BMO Capital
MEOH Methanex
$46.92 /

+1.53 (+3.37%)

MEOH Methanex
$46.92 /

+1.53 (+3.37%)

Downgrade
Methanex downgraded to Sector Perform from Outperform at Scotiabank » 07:03
01/06/21
01/06
07:03
01/06/21
07:03
MEOH

Methanex

$46.92 /

+1.53 (+3.37%)

Scotiabank analyst Ben…

Scotiabank analyst Ben Isaacson downgraded Methanex to Sector Perform from Outperform with a C$53.25 price target.

ShowHide Related Items >><<
MEOH Methanex
$46.92 /

+1.53 (+3.37%)

MEOH Methanex
$46.92 /

+1.53 (+3.37%)

01/04/21 Raymond James
Methanex price target raised to $55 from $45 at Raymond James
01/04/21 RBC Capital
Methanex downgraded to Sector Perform from Outperform at RBC Capital
12/29/20 BMO Capital
Methanex price target raised to $60 from $50 at BMO Capital
11/30/20 RBC Capital
Methanex price target raised to $48 from $35 at RBC Capital
MEOH Methanex
$46.92 /

+1.53 (+3.37%)

MEOH Methanex
$46.92 /

+1.53 (+3.37%)

Recommendations
Methanex price target raised to $55 from $45 at Raymond James » 08:47
01/04/21
01/04
08:47
01/04/21
08:47
MEOH

Methanex

$46.00 /

-0.58 (-1.25%)

Raymond James analyst…

Raymond James analyst Steve Hansen raised the firm's price target on Methanex to $55 from $45 and keeps an Outperform rating on the shares. Hansen cites better-than-expected methanol industry pricing dynamics and upside associated revisions to the firm's financial forecasts for the increased price target.

ShowHide Related Items >><<
MEOH Methanex
$46.00 /

-0.58 (-1.25%)

MEOH Methanex
$46.00 /

-0.58 (-1.25%)

01/04/21 RBC Capital
Methanex downgraded to Sector Perform from Outperform at RBC Capital
12/29/20 BMO Capital
Methanex price target raised to $60 from $50 at BMO Capital
11/30/20 RBC Capital
Methanex price target raised to $48 from $35 at RBC Capital
11/30/20 Bernstein
Methanex downgraded to Underperform from Market Perform at Bernstein
MEOH Methanex
$46.00 /

-0.58 (-1.25%)

MEOH Methanex
$46.00 /

-0.58 (-1.25%)

Downgrade
Methanex downgraded to Sector Perform from Outperform at RBC Capital » 08:16
01/04/21
01/04
08:16
01/04/21
08:16
MEOH

Methanex

$46.00 /

-0.58 (-1.25%)

RBC Capital analyst…

RBC Capital analyst Nelson Ng downgraded Methanex to Sector Perform from Outperform with a price target of $50, up from $48. The stock has benefited from the recent surge in methanol prices amid a recovery in economic activity and near-term supply constraints, the analyst tells investors in a research note. Ng adds however that global methanol prices are generally near or above the 10-year average of about $350/MT, warning that prices could pull back in the first half of the year as additional capacity comes online.

ShowHide Related Items >><<
MEOH Methanex
$46.00 /

-0.58 (-1.25%)

MEOH Methanex
$46.00 /

-0.58 (-1.25%)

12/29/20 BMO Capital
Methanex price target raised to $60 from $50 at BMO Capital
11/30/20 RBC Capital
Methanex price target raised to $48 from $35 at RBC Capital
11/30/20 Bernstein
Methanex downgraded to Underperform from Market Perform at Bernstein
11/24/20 Raymond James
Methanex price target raised to $45 from $35 at Raymond James
MEOH Methanex
$46.00 /

-0.58 (-1.25%)

MEOH Methanex
$46.00 /

-0.58 (-1.25%)

Recommendations
Methanex price target raised to $60 from $50 at BMO Capital » 06:59
12/29/20
12/29
06:59
12/29/20
06:59
MEOH

Methanex

$45.76 /

-0.8 (-1.72%)

BMO Capital analyst Joel…

BMO Capital analyst Joel Jackson raised the firm's price target on Methanex to $60 from $50 and keeps an Outperform rating on the shares. The analyst notes that the January and Q1 methanol price benchmarks are trending much better than expected, with North America price rising $83 per ton this week vs. the $55-$60 per ton spot price increases this month, matching the "largest month-over-month gain in 10 years. Jackson adds that he is now modeling Methanex FY21 EBITDA at $1.05B vs. $696M prior forecast, matching the company's 2018 levels.

ShowHide Related Items >><<
MEOH Methanex
$45.76 /

-0.8 (-1.72%)

MEOH Methanex
$45.76 /

-0.8 (-1.72%)

11/30/20 RBC Capital
Methanex price target raised to $48 from $35 at RBC Capital
11/30/20 Bernstein
Methanex downgraded to Underperform from Market Perform at Bernstein
11/24/20 Raymond James
Methanex price target raised to $45 from $35 at Raymond James
10/30/20 Barclays
Methanex price target raised to $31 from $23 at Barclays
MEOH Methanex
$45.76 /

-0.8 (-1.72%)

MEOH Methanex
$45.76 /

-0.8 (-1.72%)

Over a month ago
Recommendations
Methanex price target raised to $48 from $35 at RBC Capital » 08:41
11/30/20
11/30
08:41
11/30/20
08:41
MEOH

Methanex

$42.20 /

+0.43 (+1.03%)

RBC Capital analyst…

RBC Capital analyst Nelson Ng raised the firm's price target on Methanex to $48 from $35 and keeps an Outperform rating on the shares. The analyst is citing the continued fast pace of recovery in methanol prices, noting that he sees "good upside" in the shares as oil prices and global economies recover from the impact of COVID-19. Ng also raises his FY21 EPS view to (64c) from ($1.06) despite the "key risk" of the "severity" of a second waive and the uncertainty around the timing of the vaccine.

ShowHide Related Items >><<
MEOH Methanex
$42.20 /

+0.43 (+1.03%)

MEOH Methanex
$42.20 /

+0.43 (+1.03%)

11/30/20 Bernstein
Methanex downgraded to Underperform from Market Perform at Bernstein
11/24/20 Raymond James
Methanex price target raised to $45 from $35 at Raymond James
10/30/20 Barclays
Methanex price target raised to $31 from $23 at Barclays
10/01/20 Barclays
Methanex price target raised to $23 from $18 at Barclays
MEOH Methanex
$42.20 /

+0.43 (+1.03%)

MEOH Methanex
$42.20 /

+0.43 (+1.03%)

Downgrade
Methanex downgraded to Underperform from Market Perform at Bernstein » 05:39
11/30/20
11/30
05:39
11/30/20
05:39
MEOH

Methanex

$42.20 /

+0.43 (+1.03%)

Bernstein analyst Jonas…

Bernstein analyst Jonas Oxgaard downgraded Methanex to Underperform from Market Perform. The analyst continues to see the global methanol market being oversupplied in 2021. Oxgaard does not see the Asia price sustainably above marginal cost, and expects the U.S. price to decline from a premium to Asia price to a discount as capacity comes online. The "dim" outlook for methanol prices does not justify Methanex's "rich" valuation, Oxgaard tells investors in a research note.

ShowHide Related Items >><<
MEOH Methanex
$42.20 /

+0.43 (+1.03%)

MEOH Methanex
$42.20 /

+0.43 (+1.03%)

11/24/20 Raymond James
Methanex price target raised to $45 from $35 at Raymond James
10/30/20 Barclays
Methanex price target raised to $31 from $23 at Barclays
10/01/20 Barclays
Methanex price target raised to $23 from $18 at Barclays
09/29/20 RBC Capital
Methanex price target raised to $30 from $28 at RBC Capital
MEOH Methanex
$42.20 /

+0.43 (+1.03%)

MEOH Methanex
$42.20 /

+0.43 (+1.03%)

Recommendations
Methanex price target raised to $45 from $35 at Raymond James » 08:43
11/24/20
11/24
08:43
11/24/20
08:43
MEOH

Methanex

$39.03 /

+1.21 (+3.20%)

Raymond James analyst…

Raymond James analyst Steve Hansen raised the firm's price target on Methanex to $45 from $35 and keeps an Outperform rating on the shares. Hansen cites sustained momentum in the global methanol market fundamentals in recent months, a pattern that he expects will force contract prices higher through the balance of winter.

ShowHide Related Items >><<
MEOH Methanex
$39.03 /

+1.21 (+3.20%)

MEOH Methanex
$39.03 /

+1.21 (+3.20%)

10/30/20 Barclays
Methanex price target raised to $31 from $23 at Barclays
10/01/20 Barclays
Methanex price target raised to $23 from $18 at Barclays
09/29/20 RBC Capital
Methanex price target raised to $30 from $28 at RBC Capital
09/18/20 Raymond James
Raymond James reiterates Outperform on Methanex on surging China spot methanol
MEOH Methanex
$39.03 /

+1.21 (+3.20%)

MEOH Methanex
$39.03 /

+1.21 (+3.20%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.