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 54, which is 28 points higher than the chemical industry average of 26. It passed 19 out of 38 due diligence checks and has strong fundamentals. Westlake Chemical Partners has seen its stock return 4.26% over the past year, underperforming other chemical stocks by -19 percentage points.
2. Rex American Resources (NYSE:REX)
Rex American Resources (NYSE:REX) is the second best chemical stock with a Zen Score of 47, which is 21 points higher than the chemical industry average of 26. It passed 15 out of 33 due diligence checks and has strong fundamentals. Rex American Resources has seen its stock return 91.99% over the past year, overperforming other chemical stocks by 69 percentage points.
Rex American Resources has an average 1 year
price target of $70.00, an upside of 23.67% from Rex American Resources's current stock price of $56.60.
Rex American Resources stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Rex American Resources, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% 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 43, which is 17 points higher than the chemical industry average of 26. It passed 16 out of 38 due diligence checks and has strong fundamentals. Methanex has seen its stock return 25.76% over the past year, overperforming other chemical stocks by 3 percentage points.
Methanex has an average 1 year
price target of $54.20, an upside of 1.03% from Methanex's current stock price of $53.65.
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.