MEOH Stock Recent News

From a technical perspective, Methanex Corporation (MEOH) is looking like an interesting pick, as it just reached a key level of support. MEOH's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Methanex (MEOH) capitalizes on rising methanol demand and progresses with the Geismar 3 project, reinforcing its financial strength and commitment to shareholders' value.

Methanex (MEOH) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Methanex (MEOH) capitalizes on rising methanol demand and progresses with the Geismar 3 project, reinforcing its financial strength and commitment to shareholders' value.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Methanex is a mid-cap producer and supplier of methanol with a strong presence in major international markets. Good governance, a low-cost structure, and a staggered maturity schedule of fixed rate debt positions the company well. Prospect of uncertain methanol supply and demand outlook for the near future.

Methanex (MEOH) now expects production to restart toward the end of the first quarter of 2024.

Methanex Corporation (NASDAQ:MEOH ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Sarah Herriott - Director-Investor Relations Rich Sumner - President and Chief Executive Officer Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Hassan Ahmed - Alembic Global Matthew Blair - Tudor, Pickering, Holt Josh Spector - UBS Kevin Estok - Jefferies Operator Good morning. My name is Julie Ann and I'll be your conference operator today.

Production of Methanex (MEOH) in Q3 totals 1,545,000 tons, up around 23.4% year over year.

While the top- and bottom-line numbers for Methanex (MEOH) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.