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NYSE:WLK

Westlake (WLK) Stock Forecast, Price & News

$120.86
-0.17 (-0.14%)
(As of 11:27 AM ET)
Compare
Today's Range
$120.66
$122.42
50-Day Range
$121.03
$137.50
52-Week Range
$81.29
$138.39
Volume
61,965 shs
Average Volume
503,318 shs
Market Capitalization
$15.43 billion
P/E Ratio
11.79
Dividend Yield
1.65%
Price Target
$127.67

Westlake MarketRank™ Forecast

Analyst Rating
Reduce
1.88 Rating Score
Upside/​Downside
5.3% Upside
$127.67 Price Target
Short Interest
Bearish
7.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.94
Upright™ Environmental Score
News Sentiment
0.65mentions of Westlake in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$131,000 Sold Last Quarter
Proj. Earnings Growth
9.91%
From $8.78 to $9.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Basic Materials Sector

94th out of 163 stocks

Industrial Organic Chemicals Industry

9th out of 17 stocks


WLK stock logo

About Westlake (NYSE:WLK) Stock

Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Italy, Taiwan, and internationally. The Performance and Essential Materials segment offers polyethylene, styrene monomer, ethylene co-products, polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride chlor-alkali, chlorinated derivative products, and epoxy resins. The Housing and Infrastructure Products segment provides residential PVC siding; PVC trim and mouldings; architectural stone veneer; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. The company offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.

WLK Price History

WLK Stock News Headlines

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Savvy value investors will understand that, as the price of oil begins to rise, the following stocks will soon get thrown into discount territory.
Q1 2024 EPS Estimates for Westlake Co. Cut by Analyst (NYSE:WLK)
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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Westlake Corp (UEO.BE)
Westlake Recent Insider Activity
EVP of Westlake Makes $653K Sale
Westlake Insider Trades Send a Signal
Westlake: Why The Company Is Overvalued Here
Westlake Corp. Raises Quarterly Dividend by 40% >WLK
Westlake Announces 40% Increase in Quarterly Dividend
See More Headlines
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WLK Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/12 Dividend
8/24/2023
Dividend Payable
9/12/2023
Today
9/22/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
15,920
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$127.67
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$108.00
Forecasted Upside/Downside
+5.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.88
Research Coverage
17 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
12.22%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$25.27 per share
Book Value
$82.05 per share

Miscellaneous

Free Float
33,074,000
Market Cap
$15.46 billion
Optionable
Optionable
Beta
1.31

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Key Executives

  • Mr. James Y. Chao (Age 75)
    Exec. Chairman
    Comp: $3.68M
  • Mr. Albert Yuan Chao (Age 73)
    Pres, CEO & Director
    Comp: $5.69M
  • Mr. Mark Steven Bender CPAMr. Mark Steven Bender CPA (Age 66)
    Exec. VP & CFO
    Comp: $2.38M
  • Mr. L. Benjamin EderingtonMr. L. Benjamin Ederington (Age 52)
    Exec. VP of Performance & Essential Materials, Gen. Counsel and Chief Admin. Officer
    Comp: $1.9M
  • Mr. Johnathan Stevan ZoellerMr. Johnathan Stevan Zoeller (Age 47)
    VP & Chief Accounting Officer
  • Lawrence Schubert
    VP of Corp. Devel. & Sustainability
  • Mr. Robert F. BuesingerMr. Robert F. Buesinger (Age 66)
    Exec. VP of Housing, Infrastructure Products, IT & Digital
  • Mr. Thomas J. Janssens (Age 57)
    Sr. VP of Operations, PEM & Corp. Logistics
  • Mr. Jeff Holy
    VP & Treasurer













WLK Stock - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

17 Wall Street equities 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 equities research analysts is that investors should "reduce" WLK shares.
View WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price forecast for 2023?

17 Wall Street analysts have issued 12 month price objectives for Westlake's shares. Their WLK share price forecasts range from $108.00 to $150.00. On average, they predict the company's share price to reach $127.67 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2023?

Westlake's stock was trading at $102.54 on January 1st, 2023. Since then, WLK stock has increased by 18.0% and is now trading at $121.03.
View the best growth stocks for 2023 here
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our WLK earnings forecast
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) posted its quarterly earnings data 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 had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.50 billion. Westlake had a net margin of 9.55% and a trailing twelve-month return on equity of 12.44%. The firm's revenue was down 27.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.60 EPS.

How often does Westlake pay dividends? What is the dividend yield for Westlake?

Westlake declared a quarterly dividend on Monday, August 14th. Investors of record on Friday, August 25th will be paid a dividend of $0.357 per share on Tuesday, September 12th. This represents a $1.43 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for WLK
.

Is Westlake a good dividend stock?

Westlake (NYSE:WLK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.61%. 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.

When did Westlake's stock split?

Shares of Westlake split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were distributed 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.

What is Albert Chao's approval rating as Westlake's CEO?

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.

What other stocks do shareholders of Westlake own?

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).

What is Westlake's stock symbol?

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

Who are Westlake's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Westlake?

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.
Compare Top Brokerages Here.

What is Westlake's stock price today?

One share of WLK stock can currently be purchased for approximately $121.03.

How much money does Westlake make?

Westlake (NYSE:WLK) has a market capitalization of $15.46 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.

How many employees does Westlake have?

The company employs 15,920 workers across the globe.

Does Westlake have any subsidiaries?
The following companies are subsidiares of Westlake: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Lagoon LLC, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Schkopau GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..
Read More
How can I contact Westlake?

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.

This page (NYSE:WLK) was last updated on 9/22/2023 by MarketBeat.com Staff

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