Methanex Corporation (USA) (MEOH) : Pamplona Capital Management added new position in Methanex Corporation (USA) during the most recent quarter end. The investment management firm now holds 218,591 shares of Methanex Corporation (USA) which is valued at $7,165,413 , the company said in a statement filed on Apr 12, 2016 with the SEC.Methanex Corporation (USA) makes up approximately 12.41% of Pamplona Capital Management’s portfolio.
Methanex Corporation (USA) closed down -0.75 points or -2.24% at $32.78 with 8,82,475 shares getting traded on Friday. Post opening the session at $33.29, the shares hit an intraday low of $32.52 and an intraday high of $33.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Stonebridge Capital Management Inc reduced its stake in MEOH by selling 1,925 shares or 19.59% in the most recent quarter. The Hedge Fund company now holds 7,900 shares of MEOH which is valued at $258,962. Methanex Corporation (USA) makes up approx 0.11% of Stonebridge Capital Management Inc’s portfolio. Lenox Wealth Advisors sold out all of its stake in MEOH during the most recent quarter. The investment firm sold 20 shares of MEOH which is valued $656.Creative Planning reduced its stake in MEOH by selling 18 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of MEOH which is valued at $61,200.
On the company’s financial health, Methanex Corporation (USA) reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Oct 28, 2015. Analyst had a consensus of $0.38. The company had revenue of $527.00 million for the quarter, compared to analysts expectations of $608.83 million. The company’s revenue was down -27.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Methanex Corporation (USA). Methanex Corporation (USA) was Downgraded by TD Securities to ” Hold” on Mar 24, 2016. Methanex Corporation (USA) was Downgraded by Citigroup to ” Neutral” on Mar 14, 2016. Company shares were Upgraded by Raymond James on Mar 2, 2016 to ” Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $32 .
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific North America Europe and South America. The Company operates three production facilities in New Zealand which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad Titan and Atlas supply methanol markets in North America Europe Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt located on the Mediterranean Sea supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat Alberta supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.