NYSE:WLK - Westlake Chemical Stock Price, News, & Analysis

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$66.82 -1.55 (-2.27 %)
(As of 12/10/2018 04:00 PM ET)
Previous Close$68.37
Today's Range$64.55 - $68.32
52-Week Range$64.55 - $124.29
Volume1.02 million shs
Average Volume832,553 shs
Market Capitalization$8.83 billion
P/E Ratio12.22
Dividend Yield1.42%
Beta1.59
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products. The Vinyls segment provides specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, ethylene dichloride, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also manufactures and sells building products fabricated from PVC, including pipe, fittings, profiles, trims, moldings, fence and decking products, window and door components, and film and sheet products. Westlake Chemical Corporation offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses in various consumer and industrial markets, such as flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods. The company was founded in 1985 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
SectorBasic Materials
Current SymbolNYSE:WLK
Previous Symbol
CUSIP96041310
Phone713-960-9111

Debt

Debt-to-Equity Ratio0.44
Current Ratio2.31
Quick Ratio1.59

Price-To-Earnings

Trailing P/E Ratio12.22
Forward P/E Ratio7.77
P/E Growth0.64

Sales & Book Value

Annual Sales$8.04 billion
Price / Sales1.07
Cash Flow$9.9435 per share
Price / Cash Flow6.72
Book Value$41.59 per share
Price / Book1.61

Profitability

EPS (Most Recent Fiscal Year)$5.47
Net Income$1.30 billion
Net Margins19.36%
Return on Equity19.75%
Return on Assets9.69%

Miscellaneous

Employees8,800
Outstanding Shares129,160,000
Market Cap$8.83 billion
OptionableOptionable

Westlake Chemical (NYSE:WLK) Frequently Asked Questions

What is Westlake Chemical's stock symbol?

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

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

Westlake Chemical announced a quarterly dividend on Monday, November 19th. Investors of record on Tuesday, November 27th will be paid a dividend of $0.25 per share on Tuesday, December 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, November 26th. View Westlake Chemical's Dividend History.

When did Westlake Chemical's stock split? How did Westlake Chemical's stock split work?

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

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) issued its quarterly earnings data on Tuesday, November, 6th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.11. The specialty chemicals company earned $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. Westlake Chemical had a return on equity of 19.75% and a net margin of 19.36%. Westlake Chemical's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. View Westlake Chemical's Earnings History.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for Westlake Chemical.

What price target have analysts set for WLK?

17 equities research analysts have issued 12-month price targets for Westlake Chemical's shares. Their predictions range from $81.00 to $150.00. On average, they anticipate Westlake Chemical's share price to reach $107.40 in the next year. This suggests a possible upside of 60.7% from the stock's current price. View Analyst Price Targets for Westlake Chemical.

What is the consensus analysts' recommendation for Westlake Chemical?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 2 sell ratings, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Westlake Chemical.

Has Westlake Chemical been receiving favorable news coverage?

Press coverage about WLK stock has been trending very positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Westlake Chemical earned a daily sentiment score of 3.9 on InfoTrie's scale. They also assigned press coverage about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of Westlake Chemical's key competitors?

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the folowing people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director (Age 68)
  • Mr. Steven Mark Bender CPA, Exec. VP & CFO (Age 61)
  • Mr. L. Benjamin Ederington, Chief Admin. Officer, Sr. VP, Gen. Counsel & Corp. Sec. (Age 47)
  • Mr. Robert F. Buesinger, Exec. VP of Vinyl Products (Age 61)
  • Mr. George J. Mangieri, Sr. VP & Chief Accounting Officer (Age 67)

Who are Westlake Chemical's major shareholders?

Westlake Chemical's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (6.54%), Vanguard Group Inc. (4.08%), BlackRock Inc. (1.61%), AQR Capital Management LLC (1.43%), Dimensional Fund Advisors LP (0.90%) and Bank of New York Mellon Corp (0.90%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, James Chao, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Max L Lukens, Robert F Buesinger and Robert T Blakely. View Institutional Ownership Trends for Westlake Chemical.

Which institutional investors are selling Westlake Chemical stock?

WLK stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Glenmede Trust Co. NA, Janus Henderson Group PLC, Alliancebernstein L.P., Royce & Associates LP, TIAA CREF Investment Management LLC, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, James Chao, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Max L Lukens, Robert F Buesinger and Robert T Blakely. View Insider Buying and Selling for Westlake Chemical.

Which institutional investors are buying Westlake Chemical stock?

WLK stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, AQR Capital Management LLC, Renaissance Technologies LLC, BlackRock Inc., Luminus Management LLC, Allianz Asset Management GmbH and Vanguard Group Inc.. View Insider Buying and Selling for Westlake Chemical.

How do I buy shares of Westlake Chemical?

Shares of WLK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $66.82.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $8.83 billion and generates $8.04 billion in revenue each year. The specialty chemicals company earns $1.30 billion in net income (profit) each year or $5.47 on an earnings per share basis. Westlake Chemical employs 8,800 workers across the globe.

What is Westlake Chemical's official website?

The official website for Westlake Chemical is http://www.westlake.com.

How can I contact Westlake Chemical?

Westlake Chemical's mailing address is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. The specialty chemicals company can be reached via phone at 713-960-9111 or via email at [email protected]


MarketBeat Community Rating for Westlake Chemical (NYSE WLK)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  329 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  634
MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical and other stocks. Vote "Outperform" if you believe WLK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WLK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/10/2018 by MarketBeat.com Staff

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