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Best Chemical Stocks to Buy Now (2023)
Top chemical stocks in 2023 ranked by overall Zen Score. See the best chemical stocks to buy now, according to analyst forecasts for the chemicals industry.

Industry: Chemicals

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
HUN	HUNTSMAN CORP	NYSE	Chemicals	$4.43B	$24.90	-0.60%	$687.00M	23.49x	1.03
CE	CELANESE CORP	NYSE	Chemicals	$13.93B	$127.99	-0.24%	$1.89B	10.94x	3.48
MEOH	METHANEX CORP	NASDAQ	Chemicals	$2.85B	$42.56	-2.05%	$806.04M	12.86x	2.11
REX	REX AMERICAN RESOURCES CORP	NYSE	Chemicals	$685.10M	$39.14	-0.66%	$57.83M	26.63x	0.13
WLKP	WESTLAKE CHEMICAL PARTNERS LP	NYSE	Chemicals	$761.85M	$21.63	0.00%	$193.62M	13.11x	1.64
ASIX	ADVANSIX INC	NYSE	Chemicals	$838.98M	$30.83	-0.32%	$221.68M	7.61x	0.89
GURE	GULF RESOURCES INC	NASDAQ	Chemicals	$20.03M	$1.92	0.00%	$37.27M	3.69x	0.07
ORGN	ORIGIN MATERIALS INC	NASDAQ	Chemicals	$196.62M	$1.37	-2.84%	$29.37M	7.21x	0.22
DOW	DOW INC	NYSE	Chemicals	$36.88B	$52.46	-0.83%	$5.67B	21.41x	1.89
LXU	LSB INDUSTRIES INC	NYSE	Chemicals	$756.08M	$10.17	1.70%	$242.56M	7.26x	1.41
TROX	TRONOX HOLDINGS PLC	NYSE	Chemicals	$2.11B	$13.43	2.91%	$613.00M	-15.26x	1.95
RYAM	RAYONIER ADVANCED MATERIALS INC	NYSE	Chemicals	$186.23M	$2.85	-1.72%	$213.42M	10.18x	1.83
VHI	VALHI INC	NYSE	Chemicals	$367.47M	$12.99	0.46%	$79.80M	54.13x	1.46
GPRE	GREEN PLAINS INC	NASDAQ	Chemicals	$1.87B	$31.40	-0.63%	-$92.80M	-7.79x	1.41
ASPI	ASP ISOTOPES INC	NASDAQ	Chemicals	$35.14M	$0.94	-2.08%	-$11.20M	-2.54x	0.26
BAK	BRASKEM SA	NYSE	Chemicals	$3.62B	$9.07	-3.92%	$2.19B	-53.67x	11.19

Chemical Stocks FAQ

What are the best chemical stocks to buy right now in Sep 2023?

According to Zen Score, the 3 best chemical stocks to buy right now are:

1. Celanese (NYSE:CE)

Celanese (NYSE:CE) is the top chemical stock with a Zen Score of 56, which is 21 points higher than the chemical industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Celanese has seen its stock return 28.78% over the past year, overperforming other chemical stocks by 23 percentage points.

Celanese has an average 1 year price target of $126.14, a downside of -1.44% from Celanese's current stock price of $127.99.

Celanese stock has a consensus Hold recommendation according to Wall Street analysts. Of the 14 analysts covering Celanese, 21.43% have issued a Strong Buy rating, 7.14% have issued a Buy, 57.14% have issued a hold, while 7.14% have issued a Sell rating, and 7.14% have issued a Strong Sell.

2. Huntsman (NYSE:HUN)

Huntsman (NYSE:HUN) is the second best chemical stock with a Zen Score of 56, which is 21 points higher than the chemical industry average of 35. It passed 20 out of 38 due diligence checks and has strong fundamentals. Huntsman has seen its stock lose -1.27% over the past year, underperforming other chemical stocks by -7 percentage points.

Huntsman has an average 1 year price target of $28.00, an upside of 12.45% from Huntsman's current stock price of $24.90.

Huntsman stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Huntsman, 16.67% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 16.67% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Methanex (NASDAQ:MEOH)

Methanex (NASDAQ:MEOH) is the third best chemical stock with a Zen Score of 46, which is 11 points higher than the chemical industry average of 35. It passed 17 out of 38 due diligence checks and has strong fundamentals. Methanex has seen its stock return 31.85% over the past year, overperforming other chemical stocks by 26 percentage points.

Methanex has an average 1 year price target of $51.00, an upside of 19.83% from Methanex's current stock price of $42.56.

Methanex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Methanex, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the chemical stocks with highest dividends?

Out of 8 chemical stocks that have issued dividends in the past year, the 3 chemical stocks with the highest dividend yields are:

1. Westlake Chemical Partners (NYSE:WLKP)

Westlake Chemical Partners (NYSE:WLKP) has an annual dividend yield of 8.72%, which is 5 percentage points higher than the chemical industry average of 3.67%. Westlake Chemical Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Westlake Chemical Partners's dividend has shown consistent growth over the last 10 years.

Westlake Chemical Partners's dividend payout ratio of 114.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Tronox Holdings (NYSE:TROX)

Tronox Holdings (NYSE:TROX) has an annual dividend yield of 4.65%, which is 1 percentage points higher than the chemical industry average of 3.67%. Tronox Holdings's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Tronox Holdings's dividend has not shown consistent growth over the last 10 years.

Tronox Holdings's dividend payout ratio of -56.8% indicates that its dividend yield might not be sustainable for the long-term.

3. Dow (NYSE:DOW)

Dow (NYSE:DOW) has an annual dividend yield of 4%, which is the same as the chemical industry average of 3.67%. Dow's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Dow's dividend has not shown consistent growth over the last 10 years.

Dow's dividend payout ratio of 114.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are chemical stocks down?

Chemical stocks were down -0.52% in the last day, and up 0.53% over the last week.

We couldn't find a catalyst for why chemical stocks are down.

What are the most undervalued chemical stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued chemical stocks right now are:

1. Methanex (NASDAQ:MEOH)

Methanex (NASDAQ:MEOH) is the most undervalued chemical stock based on WallStreetZen's Valuation Score. Methanex has a valuation score of 86, which is 51 points higher than the chemical industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 31.85% in the past year. It has overperformed other stocks in the chemical industry by 26 percentage points.

2. Gulf Resources (NASDAQ:GURE)

Gulf Resources (NASDAQ:GURE) is the second most undervalued chemical stock based on WallStreetZen's Valuation Score. Gulf Resources has a valuation score of 71, which is 36 points higher than the chemical industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Gulf Resources's stock has dropped -47.4% in the past year. It has underperformed other stocks in the chemical industry by -53 percentage points.

3. Celanese (NYSE:CE)

Celanese (NYSE:CE) is the third most undervalued chemical stock based on WallStreetZen's Valuation Score. Celanese has a valuation score of 57, which is 22 points higher than the chemical industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Celanese's stock has gained 28.78% in the past year. It has overperformed other stocks in the chemical industry by 23 percentage points.

Are chemical stocks a good buy now?

53.85% of chemical stocks rated by analysts are a buy right now. On average, analysts expect chemical stocks to rise by 17.12% over the next year.

What is the average p/e ratio of the chemicals industry?

The average P/E ratio of the chemicals industry is 13.02x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.