Westlake (WLK) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 5 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WLK shares.
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17 analysts have issued 12 month price targets for Westlake's stock. Their WLK share price forecasts range from $108.00 to $150.00. On average, they predict the company's stock price to reach $127.67 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
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Westlake's stock was trading at $102.54 at the beginning of 2023. Since then, WLK shares have increased by 20.9% and is now trading at $123.93.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our WLK earnings forecast.

Westlake Co. (NYSE:WLK) issued its quarterly earnings results on Thursday, August, 3rd. The specialty chemicals company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by $0.52. The specialty chemicals company earned $3.25 billion during the quarter, compared to analyst estimates of $3.50 billion. Westlake had a trailing twelve-month return on equity of 12.44% and a net margin of 9.55%. The firm's revenue for the quarter was down 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.60 earnings per share.

Westlake declared a quarterly dividend on Monday, August 14th. Shareholders of record on Friday, August 25th will be given a dividend of $0.357 per share on Tuesday, September 12th. This represents a $1.43 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for WLK.

ETFs with the largest weight of Westlake (NYSE:WLK) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Inspire Faithward Mid Cap Momentum ETF (GLRY), iShares Focused Value Factor ETF (FOVL), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Cambria Value and Momentum ETF (VAMO) and Proshares Equities For Rising Rates ETF (EQRR).

Westlake (NYSE:WLK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.63%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 20.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

Westlake shares split on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were issued to shareholders after the market closes on Tuesday, March 18th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

60 employees have rated Westlake Chief Executive Officer Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among the company's employees. This puts Albert Chao in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 73.0% of employees surveyed would recommend working at Westlake to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake investors own include NVIDIA (NVDA), Home Depot (HD), Advanced Micro Devices (AMD), Boeing (BA), Micron Technology (MU), UnitedHealth Group (UNH), Mastercard (MA), Walmart (WMT), Broadcom (AVGO) and Costco Wholesale (COST).

Westlake trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLK."

Westlake's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.98%), Victory Capital Management Inc. (2.67%), Dimensional Fund Advisors LP (0.98%), State Street Corp (0.91%), Pacer Advisors Inc. (0.91%) and Soroban Capital Partners LP (0.70%). Insiders that own company stock include Albert Chao, Andrew Kenner, David Tsung-Hung Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger and Roger L Kearns.
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Shares of WLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WLK stock can currently be purchased for approximately $123.93.

Westlake (NYSE:WLK) has a market capitalization of $15.83 billion and generates $15.79 billion in revenue each year. The specialty chemicals company earns $2.25 billion in net income (profit) each year or $10.25 on an earnings per share basis.

The company employs 15,920 workers across the globe.

Westlake's mailing address is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. The official website for the company is www.westlake.com. The specialty chemicals company can be reached via phone at (713) 960-9111, via email at investorrelations@westlake.com, or via fax at 713-963-1590.