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Best Chemical Stocks to Buy Now (2024)
Top chemical stocks in 2024 ranked by overall Zen Score. See the best chemical stocks to buy now, according to analyst forecasts for the chemicals industry.

Industry: Chemicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
WLKP
WESTLAKE CHEMICAL PARTNERS LP
NYSE
Chemicals
$782.06M$22.20-0.13%$191.80M14.42x1.65
MEOH
METHANEX CORP
NASDAQ
Chemicals
$3.01B$44.63-0.84%$684.83M17.37x2.20
REX
REX AMERICAN RESOURCES CORP
NYSE
Chemicals
$1.03B$58.7133.67%$88.93M21.12x0.13
HUN
HUNTSMAN CORP
NYSE
Chemicals
$4.48B$26.030.50%$576.00M45.67x1.16
CE
CELANESE CORP
NYSE
Chemicals
$18.72B$171.861.31%$2.63B9.54x2.69
ORGN
ORIGIN MATERIALS INC
NASDAQ
Chemicals
$74.42M$0.51-1.35%$26.82M3.00x0.09
ASIX
ADVANSIX INC
NYSE
Chemicals
$763.62M$28.603.81%$149.72M14.30x1.02
LXU
LSB INDUSTRIES INC
NYSE
Chemicals
$640.90M$8.783.05%$143.95M23.73x1.51
DOW
DOW INC
NYSE
Chemicals
$40.68B$57.93-0.36%$3.94B70.65x2.09
GPRE
GREEN PLAINS INC
NASDAQ
Chemicals
$1.49B$23.122.98%$36.95M-14.54x1.13
GURE
GULF RESOURCES INC
NASDAQ
Chemicals
$15.44M$1.48-0.67%$21.77M-2.90x0.07
TROX
TRONOX HOLDINGS PLC
NYSE
Chemicals
$2.72B$17.35-2.03%$480.00M-8.59x2.15
VHI
VALHI INC
NYSE
Chemicals
$486.00M$17.18-2.28%$47.90M-40.90x1.58
RYAM
RAYONIER ADVANCED MATERIALS INC
NYSE
Chemicals
$312.60M$4.780.21%$79.65M-3.04x1.92
ASPI
ASP ISOTOPES INC
NASDAQ
Chemicals
$201.43M$4.13-3.95%-$13.48M-9.18x0.37
BAK
BRASKEM SA
NYSE
Chemicals
$4.20B$10.53-3.39%$2.19B-62.31x11.19

Chemical Stocks FAQ

What are the best chemical stocks to buy right now in Mar 2024?

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

1. Westlake Chemical Partners (NYSE:WLKP)


Westlake Chemical Partners (NYSE:WLKP) is the top chemical stock with a Zen Score of 52, which is 22 points higher than the chemical industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Westlake Chemical Partners has seen its stock lose -0.13% over the past year, underperforming other chemical stocks by -21 percentage points.

2. Methanex (NASDAQ:MEOH)


Methanex (NASDAQ:MEOH) is the second best chemical stock with a Zen Score of 47, which is 17 points higher than the chemical industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Methanex has seen its stock lose -1.28% over the past year, underperforming other chemical stocks by -23 percentage points.

Methanex has an average 1 year price target of $53.00, an upside of 18.75% from Methanex's current stock price of $44.63.

Methanex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Methanex, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Rex American Resources (NYSE:REX)


Rex American Resources (NYSE:REX) is the third best chemical stock with a Zen Score of 46, which is 16 points higher than the chemical industry average of 30. It passed 15 out of 33 due diligence checks and has strong fundamentals. Rex American Resources has seen its stock return 101.34% over the past year, overperforming other chemical stocks by 80 percentage points.

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 8.49%, which is 5 percentage points higher than the chemical industry average of 3.1%. 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 122.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Huntsman (NYSE:HUN)


Huntsman (NYSE:HUN) has an annual dividend yield of 3.7%, which is 1 percentage points higher than the chemical industry average of 3.1%. Huntsman's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Huntsman's dividend has shown consistent growth over the last 10 years.

Huntsman's dividend payout ratio of 166.7% indicates that its dividend yield might not be sustainable for the long-term.

3. Tronox Holdings (NYSE:TROX)


Tronox Holdings (NYSE:TROX) has an annual dividend yield of 2.88%, which is the same as the chemical industry average of 3.1%. 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 -24.8% indicates that its dividend yield might not be sustainable for the long-term.

Why are chemical stocks up?

Chemical stocks were up 3.58% in the last day, and up 4.45% over the last week. Rex American Resources was the among the top gainers in the chemicals industry, gaining 33.67% yesterday.

REX American Resources shares are trading higher after the company reported better-than-expected Q4 GAAP EPS results.

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 100, which is 69 points higher than the chemical industry average of 31. It passed 7 out of 7 valuation due diligence checks.

Methanex's stock has dropped -1.28% in the past year. It has underperformed other stocks in the chemical industry by -23 percentage points.

2. Westlake Chemical Partners (NYSE:WLKP)


Westlake Chemical Partners (NYSE:WLKP) is the second most undervalued chemical stock based on WallStreetZen's Valuation Score. Westlake Chemical Partners has a valuation score of 57, which is 26 points higher than the chemical industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Westlake Chemical Partners's stock has dropped -0.13% in the past year. It has underperformed other stocks in the chemical industry by -21 percentage points.

3. Huntsman (NYSE:HUN)


Huntsman (NYSE:HUN) is the third most undervalued chemical stock based on WallStreetZen's Valuation Score. Huntsman has a valuation score of 43, which is 12 points higher than the chemical industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Huntsman's stock has dropped -3.13% in the past year. It has underperformed other stocks in the chemical industry by -24 percentage points.

Are chemical stocks a good buy now?

60% of chemical stocks rated by analysts are a buy right now. On average, analysts expect chemical stocks to rise by 5.1% 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 38.19x.
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.