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.
If you are interested in continuing your research on a stock mentioned here, add it to My Watchlist to stay abreast of all of our Foolish analysis.
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.
Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.