Methanex (MEOH) PT Lowered to $55 at Cowen; Reiterates Outperform
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Methanex Reports Second Quarter 2017 Earnings
July 26, 2017 5:10 PM EDTVANCOUVER, British Columbia, July 26, 2017 (GLOBE NEWSWIRE) -- For the second quarter of 2017, Methanex (TSX: MX) (NASDAQ: MEOH) reported net income attributable to Methanex shareholders of $84 million ($0.89 per common share on a diluted basis) compared to net income of $132 million ($1.46 per common share on a diluted basis) in the first quarter of 2017. Adjusted EBITDA for the second quarter of 2017 was $174 million and Adjusted net income was $74 million ($0.85 per common share). This compares with Adjusted EBITDA of $267 million and Adjusted net income of $140 million ($1.56 per common share) for the first... More
Methanex Increases its Existing Share Repurchase Program to 10% of Public Float
July 26, 2017 5:02 PM EDTVANCOUVER, British Columbia, July 26, 2017 (GLOBE NEWSWIRE) -- Methanex Corporation (the Company) (TSX: MX) (NASDAQ: MEOH) announced today that its Board of Directors has approved an amendment to its existing Normal Course Issuer Bid originally announced on March 6, 2017 (the Bid) which increases the number of common shares (Shares) that may be purchased under the Bid from 4,492,141 to 6,152,358, representing 10% of the public float at the time of the announcement of the Bid, and the maximum number of common shares that may be purchased under the Bid.
To... More
