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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
WLKP
WESTLAKE CHEMICAL PARTNERS LP
$785.29M8.46%88.40%$0.4714$1.8992%0
REX
REX AMERICAN RESOURCES CORP
$787.71MN/A0.00%N/AN/AN/AN/A
CE
CELANESE CORP
$14.14B2.16%15.80%$0.7000$2.8045%0
MEOH
METHANEX CORP
$2.88B1.73%34.30%$0.1850$0.7436%1
ORGN
ORIGIN MATERIALS INC
$208.42MN/A0.00%N/AN/AN/AN/A
ASIX
ADVANSIX INC
$818.48M2.09%193.90%$0.1600$0.6443%0
LXU
LSB INDUSTRIES INC
$585.86MN/A0.00%N/AN/AN/AN/A
HUN
HUNTSMAN CORP
$4.03B4.24%-203.10%$0.2500$0.9975%0
GURE
GULF RESOURCES INC
$10.30MN/A0.00%N/AN/AN/AN/A
VHI
VALHI INC
$942.22M0.96%35.60%$0.0800$0.3218%1
GPRE
GREEN PLAINS INC
$855.39MN/A0.00%$0.1200N/AN/A0
TROX
TRONOX HOLDINGS PLC
$2.17B3.64%-122.00%$0.1250$0.5067%1
DOW
DOW INC
$37.30B1.32%85.90%$0.7000$0.7026%0
ASPI
ASP ISOTOPES INC
$192.06MN/A0.00%N/AN/AN/AN/A
BAK
BRASKEM SA
$2.79BN/A0.00%$0.6680N/AN/A2
FMST
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD
$14.31MN/A0.00%N/AN/AN/AN/A
RYAM
RAYONIER ADVANCED MATERIALS INC
$573.27MN/A0.00%$0.0700N/AN/A0
1

Chemical Stocks FAQ

What are the best chemical stocks to buy right now in Oct 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 49, which is 21 points higher than the chemical industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Westlake Chemical Partners has seen its stock return 3.05% over the past year, underperforming other chemical stocks by -4 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 19 points higher than the chemical industry average of 28. It passed 15 out of 33 due diligence checks and has strong fundamentals. Rex American Resources has seen its stock return 17.51% over the past year, overperforming other chemical stocks by 11 percentage points.

Rex American Resources has an average 1 year price target of $60.00, an upside of 33.81% from Rex American Resources's current stock price of $44.84.

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. Celanese (NYSE:CE)


Celanese (NYSE:CE) 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. Celanese has seen its stock return 6.95% over the past year.

Celanese has an average 1 year price target of $153.77, an upside of 18.85% from Celanese's current stock price of $129.38.

Celanese stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Celanese, 23.08% have issued a Strong Buy rating, 15.38% have issued a Buy, 53.85% have issued a hold, while 7.69% 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 8.46%, which is 5 percentage points higher than the chemical industry average of 3.08%. 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 88.4% indicates that its high dividend yield is sustainable for the long-term.

2. Huntsman (NYSE:HUN)


Huntsman (NYSE:HUN) has an annual dividend yield of 4.24%, which is 1 percentage points higher than the chemical industry average of 3.08%. 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 -203.1% 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 3.64%, which is 1 percentage points higher than the chemical industry average of 3.08%. 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 -122% indicates that its dividend yield might not be sustainable for the long-term.

Why are chemical stocks down?

Chemical stocks were down -3.16% in the last day, and down -1.54% 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 71, which is 48 points higher than the chemical industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Methanex's stock has dropped -5% in the past year. It has underperformed other stocks in the chemical industry by -12 percentage points.

2. Advansix (NYSE:ASIX)


Advansix (NYSE:ASIX) is the second 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 gained 3.83% in the past year. It has underperformed other stocks in the chemical industry by -3 percentage points.

3. Rex American Resources (NYSE:REX)


Rex American Resources (NYSE:REX) is the third most undervalued chemical stock based on WallStreetZen's Valuation Score. Rex American Resources 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.

Rex American Resources's stock has gained 17.51% in the past year. It has overperformed other stocks in the chemical industry by 11 percentage points.

Are chemical stocks a good buy now?

50% of chemical stocks rated by analysts are a buy right now. On average, analysts expect chemical stocks to rise by 19.26% 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 19.22x.
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