The passcode for the playback version is 1578447#. Improved methanol demand and lower industry supply tightened market conditions and methanol pricing stabilized from the multi-year lows we saw in the second quarter. Initiations * Cowen & Co. initiated coverage on Synaptics Inc (NASDAQ: SYNA) with a Market Perform rating. Earnings And Revenue Wall Street analysts see Methanex reporting earnings of $0.08 per share on revenue of $645.55 million. Based on current gas deliveries, we estimate Trinidad production in 2021 of 0.9 million tonnes (Methanex share) compared to our production of 1.0 million tonnes (Methanex share) in 2020. Methanex can be visited online at www.methanex.com.FORWARD-LOOKING INFORMATION WARNING This news release contains forward-looking statements with respect to us and our industry. Adjusted EBITDA for the third quarter of 2020 was $40 million and Adjusted net loss was $79 million ($1.03 Adjusted net loss per common share). PRODUCTION HIGHLIGHTS (thousands of tonnes)Annual Operating Capacity1 2020Production 2019Production Q4 2020 Production Q3 2020 Production Q4 2019 Production New Zealand 22,200 1,672 1,865 439 340 513 USA (Geismar)2,000 2,040 1,929 556 513 480 Trinidad (Methanex interest) 32,000 998 1,743 161 167 456 Chile1,720 836 1,050 195 118 373 Egypt (50% interest)630 578 392 145 153 151 Canada (Medicine Hat)600 490 610 111 81 151 9,150 6,614 7,589 1,607 1,372 2,124 Operating capacity includes only those facilities which are currently capable of operating, but excludes any portion of an asset that is underutilized due to a lack of natural gas feedstock over a prolonged period of time. MEOH, Methanex Corp - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Methanex Corp Stock Quote: MEOH Stock News, Quotes, Analysis | Investors.com For the third quarter, Bank of New York Mellon had an EPS of $0.98, compared to year-ago quarter EPS of $1.07. Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account. The stock spiked 10.39% in intraday trading to $42.83 this Monday, Mar 15, hitting a weekly high. JPMorgan Chase closed at $121.28 at the end of the last trading period. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate -0.85 -0.96 0.05 -0.03 EPS Actual -1.03 -0.84 0.10 0.13 Revenue Estimate 463.44 M 487.89 M 716.15 M 734.18 M Revenue Actual 515.00 M 453.00 M 676.00 M 690.00 M Stock Performance Shares of Methanex were trading at $35.07 as of January 25. In the third quarter, Kodiak Sciences showed an EPS of $0.80, compared to $0.33 from the year-ago quarter. “The ME-LGIM dual-fuel engine operates on methanol, heavy fuel oil (HFO), marine diesel oil (MDO) or marine gas oil (MGO). The company operates more than 900 vessels, from containerships to tramp vessels and specialized carriers for cargoes including automobiles, iron ore, coal, wood chips, crude oil, liquefied natural gas (LNG) and chemicals. We ended the year with $834 million in cash, a $300 million undrawn revolving credit facility and no debt maturities until the end of 2024. Methanex can be visited online at www.methanex.com.About MAN Energy Solutions MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon-neutral future. Methanol prices are higher leading into the fourth quarter.We recorded higher Adjusted EBITDA in the third quarter of 2020 compared to the second quarter, reflecting a higher average realized price, partially offset by changes in the mix of produced and purchased methanol sold. Designed with the MAN second-generation B&W ME-LGIM two-stroke dual-fuel engines, the vessels can run on methanol or traditional marine fuels allowing for fuel flexibility. Analyst Price Target for MEOH i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock ⦠Alembic Global Stick to Their Hold Rating for Methanex Corp. By Investing.com 09:05am, Wednesday, 13'th Jan 2021. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. We have a robust decision making process for evaluating the project and before deciding whether to restart construction, management and our Board will need to carefully consider many factors including the global economic recovery and methanol industry outlook. John Floren concluded, "We are pleased to see continued improvement in methanol demand and prices although the uncertain economic recovery path makes the near-term difficult to forecast. 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. Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. The price target for SciPlay is set to $18.00. * During the quarter, the Company issued $700 million of senior unsecured notes bearing a coupon of 5.125% and due October 15, 2027. In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green”, the company is promoting digitalization and green initiatives in an effort to optimize the overall supply chain and create new value in the environmental field while working to strengthen the group’s ability to ensure stable revenue and withstand business downturns — thus realizing the company’s basic philosophy of “Bringing value to life” and contributing to the betterment of societies.For more information, please visit www.nyk.com/english/group.About Meiji Shipping Co. Ltd. Meiji Shipping Co., Ltd. and its group companies are one of the largest pure tonnage providers in Japan, founded in 1911. Delta Air Lines earned $3.30 in the third quarter, compared to $2.32 in the year-ago quarter. The stock has a 52-week-high of 63.38 and a 52-week-low of 13.345. Apple closed at $116.59 at the end of the last trading period. The decrease in production for the third quarter of 2020 was primarily the result of planned turnarounds in Atlas and Medicine Hat and lower gas deliveries in New Zealand and lower gas deliveries in Chile during the southern hemisphere winter months. Methanex Corporation (MEOH) registered a -0.54% downside in the last session and has traded in the red over the past 5 sessions. View the latest Methanex Corp. (MEOH) stock price, news, historical charts, analyst ratings and financial information from WSJ. Except where otherwise noted, all currency amounts are stated in United States dollars. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's control. For the third quarter, Celanese had an EPS of $1.95, compared to year-ago quarter EPS of $2.53. The operating capacity of our production facilities may be higher than original nameplate capacity as, over time, these figures have been adjusted to reflect ongoing operating efficiencies at these facilities. Production for the fourth quarter of 2020 is higher compared to the third quarter of 2020 as a result of the completion of a scheduled turnaround of the Medicine Hat plant that commenced in August 2020 and completed in October 2020. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. The stock has moved higher by 14.1% in the past month, while it is also above its 20 Day SMA too. Methanex (MEOH) delivered earnings and revenue surprises of -9.57% and 31.45%, respectively, for the quarter ended September 2020. Stock quote and company snapshot for METHANEX CORP (MEOH), including profile, stock chart, recent news and events, analyst opinions, and research reports. We took various steps in 2020 to preserve liquidity and financial flexibility in the challenging economic environment. Current and historical pricing information is available at www.methanex.com.3 Average realized price is calculated as revenue, excluding commissions earned and the Egypt non-controlling interest share of revenue, but including an amount representing our share of Atlas revenue, divided by the total sales volume of Methanex-produced and purchased methanol.4 Revenue for the three and nine months ended September 30, 2019 have been restated as compared to revenue reported in our quarterly MD&A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol.A reconciliation from net income (loss) attributable to Methanex shareholders to Adjusted net income (loss) and the calculation of Adjusted net income (loss) per common share is as follows: Three Months Ended Nine Months Ended ($ millions except number of shares and per share amounts)Sep 30 2020Jun 30 2020Sep 30 2019 Sep 30 2020Sep 30 2019 Net income (loss) (attributable to Methanex shareholders)$(88)$(65)$(10) $(130)$79 Mark-to-market impact of share-based compensation, net of tax9 1 (11) (5)(17) Adjusted net income (loss)$(79)$(64)$(21) $(135)$62 Diluted weighted average shares outstanding (millions)76 76 76 76 77 Adjusted net income (loss) per common share$(1.03)$(0.84)$(0.27) $(1.77)$0.80 * We recorded a net loss attributable to Methanex shareholders of $88 million during the third quarter of 2020 compared to a net loss of $65 million in the second quarter of 2020. This browser is no longer supported at MarketWatch. Contracts that are "out of the money" are also indicative of unusual options activity. At the moment, the stock has a 52-week-high of 87.43 and a 52-week-low of 23.25. 2 The operating capacity of New Zealand is made up of the two Motunui facilities and the Waitara Valley facility. Its two plants in Punta Arenas, Chile supply methanol to customers in South America and around the globe. Production levels in Trinidad were similar in the fourth quarter compared to the third quarter as planned turnaround activities at our Atlas facility impacted both quarters.For 2021, we have been advised that upstream production declines, and the delay of upstream maintenance work due to COVID-19, will result in lower gas deliveries. This amount reflects costs that were already committed and the completion of activities that preserve flexibility to complete the project in the future including key engineering activities and procurement of critical path equipment. In the third quarter, Yunji showed an EPS of $0.00, compared to $0.00 from the year-ago quarter. Post-Market 0.00 (0.00%) We are in the process of restarting the Chile IV plant that has been idled since April 1, 2020. In partnership with Marinvest/Skagerack Invest (Marinvest), Nippon Yusen Kaisha (NYK), Meiji Shipping Co., Ltd. (Meiji Shipping), KSS Line Ltd. and Mitsui O.S.K. Waterfront Shipping renews fleet with 8 new methanol dual-fuel vessels M/T Mari Couva Methanol Dual Fuel Vessel Launched in August 2019 and now in service as part of Waterfront Shipping’s fleetVANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Waterfront Shipping Company Ltd. (WFS), a wholly-owned subsidiary of Methanex Corporation, is pleased to announce the addition of eight new methanol dual-fuel vessels to its fleet. The increase in production for the fourth quarter of 2020 was primarily the result of higher production in New Zealand and Chile due to improved gas availability, strong operating rates at Geismar, and less impact from turnaround activities compared to the third quarter.On January 7th, 2021, the Company announced that it expects its Titan facility in Trinidad will remain idled indefinitely. The cash flow impact of this repayment will be reflected in our fourth quarter results. The MD&A and the unaudited condensed consolidated interim financial statements for the period ended December 31, 2020 are also available on the Canadian Securities Administrators' SEDAR website at www.sedar.com and on the United States Securities and Exchange Commission's EDGAR website at www.sec.gov. Refer to Forward-Looking Information Warning in the fourth quarter 2020 Management's Discussion and Analysis for more information which is available from the Investor Relations section of our website at www.methanex.com, the Canadian Securities Administrators' SEDAR website at www.sedar.com and on the United States Securities and Exchange Commission's EDGAR website at www.sec.gov. Annual Operating Capacity is currently 2.2 million tonnes based on the current outlook for available high CO2 natural gas.The operating capacity of Trinidad is made up of the Titan (100% interest) and Atlas (63.1% interest) facilities. Moreover, at the end of the last trading period, the closing price was at $226.71. These statements relate to future events or our future performance. In the third quarter, SciPlay showed an EPS of $0.23, compared to $0.09 from the year-ago quarter. Methanex (Methanex: MEOH) stock research, analysis, profile, news, analyst ratings, key statistics, fundamentals, stock price, charts, earnings, guidance and peers. * Raymond James downgraded the previous rating for Delta Air Lines Inc (NYSE: DAL) from Outperform to Market Perform. Discover Financial earned $2.45 in the third quarter, compared to $2.36 in the year-ago quarter. Methanex Provides Update on Trinidad Operations We ended the quarter with a strong liquidity position of $1.2 billion in cash on the balance sheet, our undrawn $300 million revolving credit facility and no debt maturities until 2024. The bond due March 2022 was repaid subsequent to the quarter. The stock has a 52-week-high of 92.32 and a 52-week-low of 44.4101. At the end of the last trading period, United Airlines Holdings closed at $45.30. At the end of the last trading period, U.S. Bancorp closed at $44.20. The current stock performance of Cemex shows a 52-week-high of 4.91 and a 52-week-low of 1.55. The price target for Synaptics is set to $85.00. * According to BBVA, the prior rating for Cemex SAB de CV (NYSE: CX) was changed from Market Perform to Outperform. Something went wrong while loading Watchlist. * Deutsche Bank initiated coverage on Moody's Corporation (NYSE: MCO) with a Hold rating. As a result, we have significant financial flexibility to manage our business through an uncertain period.Our Geismar 3 project remains on temporary care and maintenance and spending on the project over the next 12 months is expected to be approximately $100 million. We are placing a premium on preserving liquidity and improving financial flexibility. PRODUCTION HIGHLIGHTS Q3 2020Q2 2020Q3 2019YTD Q3 2020YTD Q3 2019 (thousands of tonnes)Operating Capacity 1ProductionProductionProductionProductionProduction New Zealand 2550 340 450 469 1,233 1,352 USA (Geismar)500 513 441 514 1,484 1,449 Trinidad (Methanex interest) 3500 167 241 474 837 1,287 Chile430 118 204 146 641 677 Egypt (50% interest)158 153 147 85 433 241 Canada (Medicine Hat)150 81 145 149 379 459 2,288 1,372 1,628 1,837 5,007 5,465 1 Operating capacity includes only those facilities which are currently capable of operating, but excludes any portion of an asset that is underutilized due to a lack of natural gas feedstock over a prolonged period of time. The current stock performance of Celanese shows a 52-week-high of 138.31 and a 52-week-low of 52.7. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH”. In New Zealand, our production levels were higher in the fourth quarter as we received higher gas deliveries compared to the third quarter.Leading into 2021, our outlook for New Zealand production is uncertain as our gas suppliers have recently advised that a major offshore gas field which supplies the New Zealand market and underpins a portion of our production, has experienced significant and unexpected production declines, which will result in lower gas deliveries. Net Income, Earnings, And Earnings Per Share Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. On Tuesday, shares of Methanex (NASDAQ:MEOH) saw unusual options activity. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. Sales of Methanex-produced methanol were 1,531,000 tonnes in the third quarter of 2020 compared with 1,717,000 tonnes in the second quarter of 2020. Sentiment: BEARISH Option Type: TRADE Trade Type: PUT Expiration Date: 2021-07-16 Strike Price: $32.50 Volume: 500 Open Interest: 2010 Three Signs Of Unusual Options Activity One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. Moreover, at the end of the last trading period, the closing price was at $14.98. These observations are made without knowing the investor's true intent by purchasing these options contracts. * For Bank of New York Mellon Corp (NYSE: BK), Morgan Stanley upgraded the previous rating of Underweight to the current rating Equal-Weight. * Loop Capital upgraded the previous rating for Apple Inc (NASDAQ: AAPL) from Hold to Buy. * According to Morgan Stanley, the prior rating for Goldman Sachs Group Inc (NYSE: GS) was changed from Equal-Weight to Underweight. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. The upstream gas sector is completing several field development projects that are expected to improve gas availability over the coming years. Sign-up to receive the latest news and ratings for MEOH and its competitors with Analyst Ratings Networkâs free daily newsletter. * For Synchrony Financial (NYSE: SYF), Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. At the same time, methanol industry supply declined in the third quarter of 2020, compared to the second quarter, due to various planned and unplanned outages and plant shutdowns globally. Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Methanex (MEOH) Earnings Beat, Revenues Miss Estimates in Q2, Methanex (MEOH) Reports Q2 Loss, Lags Revenue Estimates, Analysts Estimate Methanex (MEOH) to Report a Decline in Earnings: What to Look Out for, 3 Capital Intensive Stocks for the Value Investor. 4 Revenue for the three months and year ended December 31, 2019 have been restated as compared to revenue reported in our quarterly MD&A and condensed quarterly financial statements issued for 2019 based on a restatement for the recognition of revenue on Atlas-produced methanol. * For Kodiak Sciences Inc (NASDAQ: KOD), JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. Stock analysis for Methanex Corp (MEOH:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Methanex (NASDAQ:MEOH) announces its next round of earnings this Wednesday, January 27. The passcode for the call is 1310579. For the third quarter, Ventas had an EPS of $0.75, compared to year-ago quarter EPS of $0.96. At the moment, the stock has a 52-week-high of 141.1 and a 52-week-low of 76.91. Goldman Sachs Group earned $9.68 in the third quarter, compared to $4.79 in the year-ago quarter. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. All rights reserved. Unless otherwise indicated, the financial information presented in this release is prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). The stock has a 52-week-high of 36.58 and a 52-week-low of 11.4701. Rockwell Automation closed at $255.96 at the end of the last trading period. Total sales increased for the fourth quarter of 2020 due to the ongoing recovery in methanol demand. 10-16 zacks.com - As of late, it has definitely been a great time to be an investor in Methanex Corporation (MEOH - Free Report) . Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement. 11 months ago - Zacks Investment Research Methanex (MEOH) Down 21.5% Since Last Earnings Report: Can It Rebound? Actual production for a facility in any given year may be higher or lower than operating capacity due to a number of factors, including natural gas composition or the age of the facility's catalyst. At the moment, the stock has a 52-week-high of 137.98 and a 52-week-low of 53.1525. The company owns and manages a fleet of approximately 30 ocean-going vessels. By using this site you agree to the At the end of the last trading period, Synaptics closed at $80.66. In addition, we issued a redemption notice to repay the $250 million bonds that were due in early 2022. Our Medicine Hat facilities are underpinned by an abundant supply of Canadian natural gas.Our 2021 production is forecasted to be similar to 2020 production of 6.6 million tonnes, although actual production may vary by quarter based on gas availability, planned outages, extended unplanned outages and unanticipated factors. Moreover, at the end of the last trading period, the closing price was at $14.65.See more from Benzinga * Click here for options trades from Benzinga * IHS Markit's Debt Overview * A Look Into ZoomInfo Technologies's Debt(C) 2020 Benzinga.com. This compares with net income attributable to Methanex shareholders of $88 million ($1.01 net income per common share on a diluted basis), Adjusted EBITDA of $566 million and Adjusted net income of $71 million ($0.93 Adjusted net income per common share) for the year ended December 31, 2019. We continue to believe that long-term methanol industry fundamentals are strong and methanol demand will continue to improve as the global economy fully recovers. These steps include deferring approximately $500 million in capital spending on our Geismar 3 project, reducing our dividend by approximately $100 million on an annual basis, suspending share buybacks, reducing maintenance capital and operating costs and obtaining covenant relief on our credit facilities.During the third quarter, to provide additional financial flexibility, we issued $700 million in senior unsecured notes due in 2027 and secured further covenant relief for our existing credit facilities. How often does Methanex pay dividends? This compares with Adjusted EBITDA of $40 million and an Adjusted net loss of $79 million ($1.03 Adjusted net loss per common share) for the third quarter of 2020. * For Vertex Pharmaceuticals Inc (NASDAQ: VRTX), RBC Capital upgraded the previous rating of Sector Perform to the current rating Outperform. * For U.S. Bancorp (NYSE: USB), Morgan Stanley upgraded the previous rating of Underweight to the current rating Equal-Weight. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. Get prepared with the key expectations. The forward-looking statements in this document are based on our experience, our perception of trends, current conditions and expected future developments as well as other factors. MEOH: Get the latest Methanex stock price and detailed information including MEOH news, historical charts and realtime prices. Methanex (MEOH) delivered earnings and revenue surprises of -42.31% and 22.93%, respectively, for the quarter ended December 2020. Moreover, at the end of the last trading period, the closing price was at $277.28. * Goldman Sachs initiated coverage on Impinj Inc (NASDAQ: PI) with a Buy rating. For the third quarter, PPL had an EPS of $0.58, compared to year-ago quarter EPS of $0.61. This amount reflects costs that were already committed and the completion of key engineering activities and procurement of critical path equipment to preserve flexibility to complete the project in the future. Leading the way in advanced engineering for more than 250 years, we provide a unique portfolio of technologies. Create a list of the investments you want to track. Additionally, the Company obtained a waiver from its lenders which provides further financial covenant relief for the committed revolving credit facility and the non-revolving construction facility for the Geismar 3 project, providing additional financial flexibility. Refer to Additional Information - Supplemental Non-GAAP Measures on page 14 of the Company's MD&A for the period ended September 30, 2020 for reconciliations to the most comparable GAAP measures. For more information please visit www.meiji-group.comAbout Mitsui O.S.K. The company will restructure operations to support a one-plant operation henceforth. All 2021 production is expected to come from the Atlas facility as we announced earlier this month that we expect the Titan facility will remain idled indefinitely because we have not been able to reach an acceptable longer-term natural gas agreement.Chile produced 195,000 tonnes during the fourth quarter of 2020 compared to 118,000 tonnes during the third quarter of 2020. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock. As a result, the Company has made the decision to restructure its Trinidad operations to support a one-plant operation.We continue to maintain a strong balance sheet, with a cash balance of $834 million and our revolving credit facility remains undrawn as at December 31, 2020.During the fourth quarter of 2020 we paid a $0.0375 per common share quarterly dividend to shareholders for a total of $3 million. The stock has a 52-week-high of 61.11 and a 52-week-low of 28.36. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. View real-time stock prices and stock quotes for a full financial overview. Production was lower in the third quarter of 2020 compared to the second quarter as a result of lower gas deliveries. JPMorgan Chase earned $2.92 in the third quarter, compared to $2.68 in the year-ago quarter. To access the call, dial the conferencing operator fifteen minutes prior to the start of the call at (416) 340-2217, or toll free at (800) 806-5484. At the moment, the stock has a 52-week-high of 62.48 and a 52-week-low of 17.51. * According to Morgan Stanley, the prior rating for Wells Fargo & Co (NYSE: WFC) was changed from Equal-Weight to Overweight. Apple sold a mere 1 billion iPhones in 10 years but a ⦠VANCOUVER, British Columbia, Jan. 27, 2021 -- For the fourth quarter of 2020, Methanex (MEOH) reported a net loss attributable to Methanex (MEOH) shareholders of $27 million compared to a net loss of $88 million in the third quarter of 2020. Except where otherwise noted, all currency amounts are stated in United States dollars. Our Geismar 3 project is a high-quality project with substantial capital and operating cost advantages.
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