Back to top

Image: Bigstock

Methanex Corporation

Read MoreHide Full Article

Methanex swung to a loss in the third quarter of 2016. However, loss per share was lower than the Zacks Consensus Estimate. Revenues fell year over year in the quarter, but beat expectations. Methanex should gain from healthy demand fundamentals for methanol. We are also optimistic about its Louisiana project, which is expected to create significant value for shareholders and meaningfully contribute to cash generation.  The company also remains committed to boost shareholder returns. However, the company is still exposed to a volatile methanol pricing environment. Methanex’s operations are also subject to the risks of production outages. Some of the company's production facilities are unable to produce at full capacity due to natural gas supply shortages.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Methanex Corporation (MEOH) - free report >>

Published in