3 Stocks Pushing The Chemicals Industry Lower

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The Chemicals industry as a whole closed the day down 0.6% versus the S&P 500, which was down 0.2%. Laggards within the Chemicals industry included Ikonics ( IKNX), down 3.1%, Ceres ( CERE), down 4.2%, Methes Energies International ( MEIL), down 2.8%, Lightbridge ( LTBR), down 3.6% and Flexible Solutions International ( FSI), down 1.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Senomyx ( SNMX) is one of the companies that pushed the Chemicals industry lower today. Senomyx was down $0.26 (3.5%) to $7.25 on light volume. Throughout the day, 261,844 shares of Senomyx exchanged hands as compared to its average daily volume of 660,400 shares. The stock ranged in price between $7.18-$7.50 after having opened the day at $7.48 as compared to the previous trading day's close of $7.51.

Senomyx, Inc. discovers, develops, and commercializes flavor ingredients for the packaged food, beverage, and ingredient supply industries using proprietary taste receptor-based assays and screening technologies. Senomyx has a market cap of $298.0 million and is part of the basic materials sector. Shares are up 48.4% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Senomyx a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Senomyx as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on SNMX go as follows:

  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Chemicals industry and the overall market, SENOMYX INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$5.92 million or 159.89% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • SENOMYX INC has improved earnings per share by 28.6% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SENOMYX INC reported poor results of -$0.30 versus -$0.24 in the prior year. This year, the market expects an improvement in earnings (-$0.24 versus -$0.30).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Chemicals industry. The net income increased by 33.2% when compared to the same quarter one year prior, rising from -$3.01 million to -$2.01 million.
  • This stock has increased by 110.15% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the future course of this stock, we feel that the risks involved in investing in SNMX do not compensate for any future upside potential, despite the fact that it has seen nice gains over the past 12 months.

You can view the full analysis from the report here: Senomyx Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close, Flexible Solutions International ( FSI) was down $0.02 (1.7%) to $1.24 on light volume. Throughout the day, 67,845 shares of Flexible Solutions International exchanged hands as compared to its average daily volume of 213,700 shares. The stock ranged in price between $1.19-$1.30 after having opened the day at $1.30 as compared to the previous trading day's close of $1.26.

Flexible Solutions International has a market cap of $16.3 million and is part of the basic materials sector. Shares are up 29.2% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Flexible Solutions International a buy, no analysts rate it a sell, and 1 rates it a hold.

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Highlights from TheStreet Ratings analysis on FSI go as follows:

You can view the full analysis from the report here: Flexible Solutions International Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Ceres ( CERE) was another company that pushed the Chemicals industry lower today. Ceres was down $0.02 (4.2%) to $0.58 on light volume. Throughout the day, 143,077 shares of Ceres exchanged hands as compared to its average daily volume of 322,200 shares. The stock ranged in price between $0.57-$0.62 after having opened the day at $0.58 as compared to the previous trading day's close of $0.60.

Ceres, Inc., an agricultural biotechnology company, develops and sells energy crops to produce renewable bioenergy feedstocks in North America. Ceres has a market cap of $28.1 million and is part of the basic materials sector. Shares are down 56.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Ceres a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Ceres as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Highlights from TheStreet Ratings analysis on CERE go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CERES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • CERE's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 58.39%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The revenue fell significantly faster than the industry average of 2.1%. Since the same quarter one year prior, revenues fell by 40.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • CERES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CERES INC reported poor results of -$1.31 versus -$1.22 in the prior year. This year, the market expects an improvement in earnings (-$0.61 versus -$1.31).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Oil, Gas & Consumable Fuels industry average. The net income increased by 17.1% when compared to the same quarter one year prior, going from -$9.32 million to -$7.73 million.

You can view the full analysis from the report here: Ceres Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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