Methanex Corporation (MEOH): Today's Featured Chemicals Loser

Methanex Corporation ( MEOH) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day up 1%. By the end of trading, Methanex Corporation fell $1.08 (-4%) to $26.04 on heavy volume. Throughout the day, 1.4 million shares of Methanex Corporation exchanged hands as compared to its average daily volume of 442,500 shares. The stock ranged in price between $25.56-$26.70 after having opened the day at $26.59 as compared to the previous trading day's close of $27.12. Other company's within the Chemicals industry that declined today were: Metabolix ( MBLX), down 8.3%, Cereplast ( CERP), down 5.8%, Green Plains Renewable Energy ( GPRE), down 4%, and Pacific Ethanol ( PEIX), down 3.3%.

Methanex Corporation, together with its subsidiaries, engages in the production, marketing, and sale of methanol. The company also purchases and re-sells methanol produced by others. Methanex Corporation has a market cap of $2.7 billion and is part of the basic materials sector. The company has a P/E ratio of 15, above the average chemicals industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 26.8% year to date as of the close of trading on Monday. Currently there are five analysts that rate Methanex Corporation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Methanex Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Lightbridge ( LTBR), up 10.2%, GSE ( GSE), up 8.4%, Gevo ( GEVO), up 8.1%, and H.B. Fuller Company ( FUL), up 8.1%, were all gainers within the chemicals industry with Mosaic ( MOS) being today's featured chemicals industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).
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