Methanex Corporation (MEOH) has risen sharply, recording gains of 1.14% in the past 4 weeks. However, the stock has corrected -2.65% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.24% and the fifty day Moving Average is 1.89%. Methanex Corporation has dropped 11.51% during the last three month period . Year-to-Date the stock performance stands at -12.72%.
Methanex Corporation (MEOH) : Currently there are 6 street experts covering Methanex Corporation (MEOH) stock. The most bullish and bearish price target for the stock is $42 and $34 respectively for the short term. The average price target of all the analysts comes to $38.08. The estimated standard deviation from the target is $3.2.
Methanex Corporation (NASDAQ:MEOH): On Fridays trading session , Opening price of the stock was $29.26 with an intraday high of $29.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.275. However, the stock managed to close at $28.34, a loss of 2.34% for the day. On the previous day, the stock had closed at $29.02. The total traded volume of the day was 671,490 shares.
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.