12 Chemical Stocks Near 52-Week Lows
If you're aiming to "buy low and sell high," then it makes infinite sense to start your search with bargain-priced stocks. Regularly reviewing a list of stocks trading near their 52-week lows can be a great first step.
In this series, I do the initial legwork for you. To prevent us from being inundated with scores of disparate companies, I conduct my search by industry. This allows us to make some initial comparisons among semi-related companies.
Today, let's look at the chemicals space. Below are the dozen stocks that are within 25% of their 52-week lows and have market caps above $200 million.
|Sinopec Shanghai Petrochemical (NYS: SHI)||$37.87||$32.24||$63.05||6.5|
|PolyOne (NYS: POL)||$11.61||$9.80||$16.61||4.4|
|Praxair (NYS: PX)||$105.27||$88.64||$111.74||23.4|
|Sigma-Aldrich (NAS: SIAL)||$67.78||$56.18||$76.16||18.8|
|Sherwin-Williams (NYS: SHW)||$84.24||$69.47||$87.87||18.1|
|Olin (NYS: OLN)||$19.60||$16.11||$27.16||7.0|
|Air Products & Chemicals||$89.41||$72.26||$98.01||16.0|
|Scotts Miracle-Gro (NYS: SMG)||$49.96||$39.99||$60.62||19.5|
Source: S&P Capital IQ and Yahoo! Finance.
Over just the past 10 days, Sinopec shares have gone as low as $33.18 and as high as $43.00. It announced earnings late last week that were roughly flat with the previous year's quarter. As management explained it:
"The Group proceeded actively with various tasks, leading to increases in sales volumes and unit prices of products of the Company. As a result, operating income of the Company increased. However, international crude oil prices fluctuated at high levels, resulting in an increase in operating costs; the prices of domestic refined oil products were not adjusted adequately and timely enough; and the competition was further intensified for petrochemicals."
Looking through the list, two other names pop out: PolyOne and Olin, which have P/E ratios well under 10. Note that their forward P/E ratios are also under 10, PolyOne just barely. You can check out PolyOne's latest earnings news here. And I recently took a look at Olin's initial numbers here.
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At the time this article was published Anand Chokkavelu doesn't own shares of any company mentioned. Motley Fool newsletter services have recommended buying shares of Scotts Miracle-Gro and Sherwin-Williams. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.