WallStreetZenWallStreetZen

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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
WLKP
WESTLAKE CHEMICAL PARTNERS LP
$794.04M$1.17B$192.36M$54.22M$1.53-24.09%-2.13%-14.04%-1.01%
REX
REX AMERICAN RESOURCES CORP
$980.56M$833.38M$106.53M$60.94M$3.49-2.53%11.36%122.29%16.35%2024-06-11
MEOH
METHANEX CORP
$3.56B$3.60B$663.30M$166.99M$2.48-13.73%-4.03%-41.09%-14.85%2024-07-24
ORGN
ORIGIN MATERIALS INC
$139.08M$33.93M$5.39M$116.00k-$0.011,890.96%N/AN/AN/A
CE
CELANESE CORP
$16.70B$10.70B$2.70B$1.99B$18.277.11%8.88%33.55%15.32%
GURE
GULF RESOURCES INC
$16.07M$41.76M$21.77M-$5.71M-$0.51-38.92%47.62%N/AN/A
HUN
HUNTSMAN CORP
$4.32B$5.98B$358.00M-$89.00M-$0.50-19.66%-5.34%N/AN/A
TROX
TRONOX HOLDINGS PLC
$3.00B$2.92B$460.00M-$348.00M-$2.23-8.79%10.54%N/AN/A2024-07-24
ASPI
ASP ISOTOPES INC
$281.07M$1.27M-$19.40M-$19.62M-$0.53N/AN/AN/AN/A
DOW
DOW INC
$40.62B$43.54B$4.60B$1.20B$1.69-18.61%-2.07%-58.27%-19.73%2024-07-25
ASIX
ADVANSIX INC
$617.91M$1.47B$84.76M$2.27M$0.07-21.27%-0.01%-98.65%-51.13%
RYAM
RAYONIER ADVANCED MATERIALS INC
$373.13M$1.56B$81.97M-$105.01M-$1.62-14.63%-4.46%N/AN/A
LXU
LSB INDUSTRIES INC
$693.97M$550.95M$125.57M$17.65M$0.24-37.65%8.18%-89.29%N/A2024-07-24
VHI
VALHI INC
$537.76M$2.01B$73.60M$600.00k$0.02-6.01%1.29%-98.57%-68.72%
GPRE
GREEN PLAINS INC
$1.18B$3.06B$46.91M-$74.47M-$1.20-17.62%1.81%N/AN/A
BAK
BRASKEM SA
$2.94B$13.86B$965.42M-$899.61M-$2.26-20.58%-0.62%N/AN/A
FMST
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD
$12.56M$0.00N/A-$1.95M-$0.32N/AN/AN/AN/A

Chemical Stocks FAQ

What are the best chemical stocks to buy right now in May 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 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 5.52% over the past year, underperforming other chemical stocks by -13 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 78.86% over the past year, overperforming other chemical stocks by 60 percentage points.

Rex American Resources has an average 1 year price target of $70.00, an upside of 24.96% from Rex American Resources's current stock price of $56.02.

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 46, which is 20 points higher than the chemical industry average of 26. It passed 17 out of 38 due diligence checks and has strong fundamentals. Methanex has seen its stock return 24.91% over the past year, overperforming other chemical stocks by 6 percentage points.

Methanex has an average 1 year price target of $54.20, an upside of 2.53% from Methanex's current stock price of $52.86.

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 8.37%, which is 5 percentage points higher than the chemical industry average of 3.12%. 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 3.85%, which is 1 percentage points higher than the chemical industry average of 3.12%. 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. Advansix (NYSE:ASIX)


Advansix (NYSE:ASIX) has an annual dividend yield of 2.78%, which is the same as the chemical industry average of 3.12%.

Advansix's dividend payout ratio of 892.9% indicates that its dividend yield might not be sustainable for the long-term.

Why are chemical stocks up?

Chemical stocks were up 0.89% in the last day, and down -1.84% over the last week.

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

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 62 points higher than the chemical industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 24.91% in the past year. It has overperformed other stocks in the chemical industry by 6 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 33 points higher than the chemical industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Westlake Chemical Partners's stock has gained 5.52% in the past year. It has underperformed other stocks in the chemical industry by -13 percentage points.

3. Origin Materials (NASDAQ:ORGN)


Origin Materials (NASDAQ:ORGN) is the third most undervalued chemical stock based on WallStreetZen's Valuation Score. Origin Materials has a valuation score of 43, which is 19 points higher than the chemical industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Origin Materials's stock has dropped -78.65% in the past year. It has underperformed other stocks in the chemical industry by -97 percentage points.

Are chemical stocks a good buy now?

36.36% of chemical stocks rated by analysts are a strong buy right now. On average, analysts expect chemical stocks to rise by 16.36% 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 27.19x.
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.