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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
REX
REX AMERICAN RESOURCES CORP
$833.35M$47.61$65.0036.53%Strong Buy12.90%2.98%13.45%10.51%
WLKP
WESTLAKE CHEMICAL PARTNERS LP
$821.17M$23.31N/AN/AN/AN/A3.03%11.88%28.88%6.20%
MEOH
METHANEX CORP
$3.51B$52.10$57.009.40%Buy56.18%25.66%12.25%3.78%
CE
CELANESE CORP
$15.93B$145.86$168.0715.23%Buy143.20%-15.28%21.71%5.90%
ORGN
ORIGIN MATERIALS INC
$148.49M$1.01N/AN/AN/AN/A53.05%N/AN/AN/A
ASIX
ADVANSIX INC
$713.65M$26.61$40.0050.32%Strong Buy16.33%1,635.71%13.31%6.47%
GURE
GULF RESOURCES INC
$12.31M$1.18N/AN/AN/AN/AN/AN/AN/AN/A
LXU
LSB INDUSTRIES INC
$613.13M$8.57$9.6913.05%Hold41.37%28.16%6.35%2.61%
TROX
TRONOX HOLDINGS PLC
$2.59B$16.44$21.6031.39%Buy56.14%N/A10.23%3.20%
HUN
HUNTSMAN CORP
$4.10B$23.72$26.4311.42%Buy75.77%N/A10.48%4.36%
ASPI
ASP ISOTOPES INC
$166.68M$3.22$5.5070.81%Buy1158.06%N/AN/AN/A
DOW
DOW INC
$38.96B$55.41$59.868.03%Buy72.29%55.66%19.03%5.96%
GPRE
GREEN PLAINS INC
$1.10B$17.04$30.3878.26%Strong Buy81.33%N/A51.70%25.50%
RYAM
RAYONIER ADVANCED MATERIALS INC
$384.93M$5.87N/AN/AN/AN/A4.88%N/A1.41%0.49%
BAK
BRASKEM SA
$2.80B$7.03$10.0042.25%Hold17.50%N/A155.52%6.77%
VHI
VALHI INC
$462.52M$16.35N/AN/AN/AN/AN/AN/AN/AN/A
FMST
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD
$15.26M$2.93N/AN/AN/AN/AN/AN/A-32.41%-25.79%

Chemical Stocks FAQ

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

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

1. Rex American Resources (NYSE:REX)


Rex American Resources (NYSE:REX) is the top chemical stock with a Zen Score of 50, which is 22 points higher than the chemical industry average of 28. It passed 16 out of 33 due diligence checks and has strong fundamentals. Rex American Resources has seen its stock return 36.3% over the past year, overperforming other chemical stocks by 32 percentage points.

Rex American Resources has an average 1 year price target of $65.00, an upside of 36.53% from Rex American Resources's current stock price of $47.61.

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.

2. Westlake Chemical Partners (NYSE:WLKP)


Westlake Chemical Partners (NYSE:WLKP) is the second best chemical stock with a Zen Score of 46, which is 18 points higher than the chemical industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Westlake Chemical Partners has seen its stock return 2.73% over the past year, underperforming other chemical stocks by -2 percentage points.

3. Methanex (NASDAQ:MEOH)


Methanex (NASDAQ:MEOH) is the third best chemical stock with a Zen Score of 44, which is 16 points higher than the chemical industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Methanex has seen its stock return 23.99% over the past year, overperforming other chemical stocks by 19 percentage points.

Methanex has an average 1 year price target of $57.00, an upside of 9.4% from Methanex's current stock price of $52.10.

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.

What are the chemical stocks with highest dividends?

Out of 7 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 8.09%, which is 5 percentage points higher than the chemical industry average of 3.18%. 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 123.3% 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 4.11%, which is 1 percentage points higher than the chemical industry average of 3.18%. 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 -192.4% 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 3.04%, which is the same as the chemical industry average of 3.18%. 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 -22.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are chemical stocks down?

Chemical stocks were down -0.88% in the last day, and up 7.6% 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 63 points higher than the chemical industry average of 23. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 23.99% in the past year. It has overperformed other stocks in the chemical industry by 19 percentage points.

2. Origin Materials (NASDAQ:ORGN)


Origin Materials (NASDAQ:ORGN) is the second most undervalued chemical stock based on WallStreetZen's Valuation Score. Origin Materials has a valuation score of 43, which is 20 points higher than the chemical industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Origin Materials's stock has dropped -76.4% in the past year. It has underperformed other stocks in the chemical industry by -81 percentage points.

3. Advansix (NYSE:ASIX)


Advansix (NYSE:ASIX) is the third most undervalued chemical stock based on WallStreetZen's Valuation Score. Advansix has a valuation score of 43, which is 20 points higher than the chemical industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Advansix's stock has dropped -28.96% in the past year. It has underperformed other stocks in the chemical industry by -34 percentage points.

Are chemical stocks a good buy now?

54.55% of chemical stocks rated by analysts are a buy right now. On average, analysts expect chemical stocks to rise by 22.28% 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 26.2x.
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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.