Westlake Chemical Corp. Company Profile (NYSE:WLK)

About Westlake Chemical Corp.

Westlake Chemical Corp. logoWestlake Chemical Corporation is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company's products include a range of chemicals, which are fundamental to various diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two segments: Olefins and Vinyls. The Olefins segment manufactures a range of petrochemical products. The Vinyls segment primarily offers PVC, vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlorine, caustic soda and, through Westlake Chemical OpCo LP, ethylene. The Company is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products. The Company owns approximately 10 building product facilities.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Specialty Chemicals
  • Sub-Industry: Commodity Chemicals
  • Exchange: NYSE
  • Symbol: WLK
  • CUSIP: 96041310
Key Metrics:
  • Previous Close: $51.54
  • 50 Day Moving Average: $47.10
  • 200 Day Moving Average: $45.76
  • Trailing P/E Ratio: 12.78
  • Foreward P/E Ratio: 12.62
  • P/E Growth: 1.70
  • Market Cap: $6.60B
  • Outstanding Shares: 128,783,000
  • Beta: 2.05
Additional Links:
Companies Related to Westlake Chemical Corp.:

Analyst Ratings

Consensus Ratings for Westlake Chemical Corp. (NYSE:WLK) (?)
Ratings Breakdown: 2 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $58.88 (14.90% upside)

Analysts' Ratings History for Westlake Chemical Corp. (NYSE:WLK)
Show:
DateFirmActionRatingPrice TargetDetails
8/23/2016RBC Capital MarketsUpgradeSector Perform -> Outperform$47.00 -> $59.00View Rating Details
8/23/2016Royal Bank Of CanadaUpgradeSector Perform -> Outperform$47.00 -> $59.00View Rating Details
8/16/2016JPMorgan Chase & Co.Boost Price TargetOverweight$55.00 -> $56.00View Rating Details
8/1/2016NomuraSet Price TargetHold$50.00 -> $53.00View Rating Details
6/15/2016SunTrust Banks Inc.UpgradeNeutral -> Buy$44.00 -> $52.00View Rating Details
6/13/2016Cowen and CompanyReiterated RatingOutperform$53.00 -> $60.00View Rating Details
1/24/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
10/16/2015SusquehannaLower Price TargetPositive$80.00 -> $75.00View Rating Details
8/10/2015Goldman Sachs Group Inc.DowngradeNeutral -> Sell$66.00 -> $60.00View Rating Details
1/26/2015Bank of America Corp.DowngradeBuy -> Neutral$94.00 -> $68.00View Rating Details
9/8/2014Barclays PLCInitiated CoverageEqual Weight$38.00View Rating Details
9/8/2014Wells Fargo & Co.Initiated CoverageOutperformView Rating Details
(Data available from 8/28/2014 forward)

Earnings

Earnings History for Westlake Chemical Corp. (NYSE:WLK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
7/28/2016Q2$0.96$0.85$1.06 billion$1.09 billionViewListenView Earnings Details
5/3/2016Q116$0.93$0.94$1.02 billion$975.20 millionViewN/AView Earnings Details
2/23/2016Q415$0.99$0.84$1.03 billion$986.76 millionViewListenView Earnings Details
11/3/2015Q315$1.29$1.39$1.17 billion$1.19 billionViewListenView Earnings Details
8/4/2015Q215$1.21$1.41$1.13 billion$1.19 billionViewListenView Earnings Details
5/4/2015Q115$1.20$1.10$1.13 billion$1.10 billionViewListenView Earnings Details
2/24/2015Q414$1.38$1.37$1.18 billion$1.14 billionViewListenView Earnings Details
11/4/2014Q314$1.56$1.59$1.19 billion$1.25 billionViewListenView Earnings Details
8/5/2014Q214$1.44$1.26$1.06 billion$998.60 millionViewListenView Earnings Details
5/5/2014Q114$1.13$1.18$975.86 million$1.03 billionViewListenView Earnings Details
2/20/2014Q413$2.13$2.54$913.80 million$951.63 millionViewListenView Earnings Details
11/7/2013Q313$2.22$2.54$939.14 million$1,000.00 millionViewListenView Earnings Details
7/30/2013Q2 2013$1.90$2.17$948.00 million$939.05 millionViewListenView Earnings Details
5/6/2013Q1 2013$1.25$1.84$870.10 million$864.60 millionViewListenView Earnings Details
2/19/2013Q4 2012$1.21$1.42$832.69 million$801.00 millionViewListenView Earnings Details
11/8/2012Q312$1.36$1.47$902.24 million$821.20 millionViewN/AView Earnings Details
8/2/2012$1.41$1.72ViewN/AView Earnings Details
5/1/2012$1.26$1.31ViewN/AView Earnings Details
2/21/2012$0.62$0.40ViewN/AView Earnings Details
11/1/2011$0.98$1.01ViewN/AView Earnings Details
8/2/2011$1.19$1.21ViewN/AView Earnings Details
5/3/2011$1.02$1.25ViewN/AView Earnings Details
2/22/2011$0.74$1.26ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Westlake Chemical Corp. (NYSE:WLK)
Current Year EPS Consensus Estimate: $3.79 EPS
Next Year EPS Consensus Estimate: $4.06 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.90$0.90$0.90
Q2 20161$0.88$0.88$0.88
Q3 20161$1.01$1.01$1.01
Q4 20161$0.67$0.67$0.67
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Westlake Chemical Corp. (NYSE:WLK)
Annual Dividend:$0.73
Dividend Yield:1.42%
Payout Ratio:18.16% (Based on Trailing 12 Months of Earnings)
19.26% (Based on Current Year Consensus EPS Estimate)
17.98% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:38.40% (3 Year Average)

Dividend History for Westlake Chemical Corp. (NYSE:WLK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/19/2016quarterly$0.191.5%8/31/20169/2/20169/20/2016
5/11/2016quarterly$0.181.59%5/19/20165/23/20166/7/2016
2/18/2016quarterly$0.181.7%2/25/20162/29/20163/14/2016
11/23/2015quarterly$0.181.23%12/2/201512/4/201512/18/2015
8/25/2015quarterly$0.181.42%9/2/20159/4/20159/22/2015
5/18/2015quarterly$0.170.93%5/27/20155/29/20156/12/2015
2/23/2015quarterly$0.170.95%3/3/20153/5/20153/19/2015
11/24/2014quarterly$0.170.94%12/3/201412/5/201412/19/2014
8/25/2014quarterly$0.170.69%9/3/20149/5/20149/19/2014
5/19/2014quarterly$0.130.66%5/28/20145/30/20146/17/2014
2/18/2014quarterly$0.250.78%2/26/20142/28/20143/18/2014
11/25/2013quarterly$0.230.8%12/4/201312/6/201312/20/2013
8/26/2013quarterly$0.230.87%9/6/20139/10/20139/25/2013
5/17/2013quarterly$0.190.8%5/31/20136/4/20136/19/2013
2/18/2013quarterly$0.190.86%2/27/20133/1/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Westlake Chemical Corp. (NYSE:WLK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/23/2016George J MangieriVPSell30,714$52.00$1,597,128.00View SEC Filing  
11/10/2015George J. MangieriCAOSell2,785$60.21$167,684.85View SEC Filing  
5/26/2015Jeffrey L TaylorSVPSell8,143$70.57$574,651.51View SEC Filing  
5/11/2015Lawrence E TeelSVPSell2,125$70.25$149,281.25View SEC Filing  
8/22/2014James ChaoDirectorSell42,379$93.57$3,965,403.03View SEC Filing  
6/9/2014James ChaoMajor ShareholderSell42,946$82.01$3,522,001.46View SEC Filing  
5/7/2014Robert BuesingerVPSell1,872$77.36$144,817.92View SEC Filing  
3/13/2014Robert BlakelyDirectorSell1,609$135.03$217,263.27View SEC Filing  
3/3/2014Mark Steven BenderCFOSell17,721$133.60$2,367,525.60View SEC Filing  
2/28/2014David HansenSVPSell4,232$134.50$569,204.00View SEC Filing  
2/28/2014H John Riley, Jr.DirectorSell7,375$134.70$993,412.50View SEC Filing  
2/28/2014Lawrence TeelVPSell1,107$134.70$149,112.90View SEC Filing  
2/27/2014Jeffrey TaylorSVPSell4,314$132.62$572,122.68View SEC Filing  
2/26/2014Robert BuesingerVPSell2,361$132.95$313,894.95View SEC Filing  
8/12/2013Mark Steven BenderCFOSell2,930$101.00$295,930.00View SEC Filing  
8/8/2013Mark Steven BenderCFOSell3,000$101.00$303,000.00View SEC Filing  
8/1/2013George MangieriCAOSell2,025$104.67$211,956.75View SEC Filing  
8/1/2013Stephen WallaceVPSell12,786$105.71$1,351,608.06View SEC Filing  
5/28/2013Andrew KennerVPSell9,607$94.13$904,306.91View SEC Filing  
5/21/2013George J MangieriCAOSell1,001$94.50$94,594.50View SEC Filing  
5/21/2013Stephen WallaceVPSell9,092$94.02$854,829.84View SEC Filing  
5/8/2013Stephen WallaceVPSell13,857$89.80$1,244,358.60View SEC Filing  
3/25/2013Mark Steven BenderCFOSell4,429$95.00$420,755.00View SEC Filing  
3/12/2013Lawrence E TeelVPSell1,836$94.67$173,814.12View SEC Filing  
3/11/2013Max L LukensDirectorSell1,844$92.67$170,883.48View SEC Filing  
3/11/2013Robert F BuesingerVPSell2,361$93.79$221,438.19View SEC Filing  
12/3/2012Mark Steven BenderCFOSell6,083$73.25$445,579.75View SEC Filing  
11/23/2012Albert ChaoCEOSell20,000$76.16$1,523,200.00View SEC Filing  
11/23/2012Mark Steven BenderCFOSell1,220$75.95$92,659.00View SEC Filing  
8/9/2012Andrew KennerVPSell4,155$66.81$277,595.55View SEC Filing  
8/9/2012Jeffrey L TaylorSVPSell11,720$67.10$786,412.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Westlake Chemical Corp. (NYSE:WLK)
DateHeadline
News IconVP & Chief Accounting Officer of Westlake Chemical Corporation C (NYSE:WLK), Mangieri George J, sells 30,714 shares worth $1,597,156 (NYSE:WLK)
empowerednews.net - August 26 at 11:07 AM
sg.finance.yahoo.com logoLotte vice chairman found dead amid probe; suicide suspected (NYSE:WLK)
sg.finance.yahoo.com - August 26 at 11:07 AM
finance.yahoo.com logoWestlake Chemical (WLK) Completes New $1B Credit Agreement (NYSE:WLK)
finance.yahoo.com - August 26 at 11:07 AM
biz.yahoo.com logoWESTLAKE CHEMICAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Defi (NYSE:WLK)
biz.yahoo.com - August 24 at 8:01 PM
publicnow.com logoWestlake Chemical Concludes Revolving Credit Agreement (NYSE:WLK)
www.publicnow.com - August 24 at 11:20 AM
feeds.reuters.com logoBRIEF-Westlake Chemical concludes revolving credit agreement (NYSE:WLK)
feeds.reuters.com - August 24 at 8:24 AM
finance.yahoo.com logoWestlake Chemical Shares Up 12% This Month; RBC Upgrades To Outperform (NYSE:WLK)
finance.yahoo.com - August 23 at 8:24 PM
seekingalpha.com logoWestlake Chemical upgraded at RBC ahead of Axiall merger (NYSE:WLK)
seekingalpha.com - August 23 at 12:28 PM
feeds.reuters.com logoBRIEF-Westlake chemical to issue new senior notes in exchange for any and all of the senior notes issued by Eagle Spinco (NYSE:WLK)
feeds.reuters.com - August 22 at 5:19 PM
publicnow.com logoWestlake Chemical Corporation Announces Quarterly Dividend (NYSE:WLK)
www.publicnow.com - August 19 at 11:13 AM
finance.yahoo.com logoWESTLAKE CHEMICAL CORP Financials (NYSE:WLK)
finance.yahoo.com - August 18 at 8:29 PM
bizjournals.com logoWestlake Chemical sets closing date for Axiall acquisition (NYSE:WLK)
www.bizjournals.com - August 18 at 11:25 AM
publicnow.com logoWestlake Chemical Provides an Update on the Pending Acquisition of Axiall Corporation (NYSE:WLK)
www.publicnow.com - August 17 at 11:13 AM
stocksdaily.net logoWill Westlake Chemical Corporation (NYSE:WLK) Surprise Analysts This Quarter? (NYSE:WLK)
www.stocksdaily.net - August 12 at 11:36 AM
biz.yahoo.com logoWESTLAKE CHEMICAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial (NYSE:WLK)
biz.yahoo.com - August 10 at 8:59 PM
publicnow.com logoWestlake Closes Offering of $750,000,000 of 3.600% Senior Notes Due 2026 and $700,000,000 of 5.000% Senior Notes Due 2046 (NYSE:WLK)
www.publicnow.com - August 10 at 8:59 PM
biz.yahoo.com logoWESTLAKE CHEMICAL CORP Files SEC form 10-Q, Quarterly Report (NYSE:WLK)
biz.yahoo.com - August 9 at 8:37 PM
feeds.reuters.com logoBRIEF-Westlake Chemical announces exchange offers and consent solicitations for certain Axiall notes (NYSE:WLK)
feeds.reuters.com - August 8 at 10:27 AM
capitalcube.com logoETF’s with exposure to Westlake Chemical Corp. : August 5, 2016 (NYSE:WLK)
www.capitalcube.com - August 5 at 8:30 PM
twst.com logoWestlake Chemical Corporation: Westlake Announces Proposed Offering of Senior Notes (NYSE:WLK)
www.twst.com - August 4 at 11:34 AM
capitalcube.com logoWestlake Chemical Corp. :WLK-US: Earnings Analysis: Q2, 2016 By the Numbers : August 4, 2016 (NYSE:WLK)
www.capitalcube.com - August 4 at 11:34 AM
publicnow.com logoWestlake Announces Pricing of $750,000,000 of Senior Notes Due 2026 and $700,000,000 of Senior Notes Due 2046 (NYSE:WLK)
www.publicnow.com - August 3 at 8:40 PM
streetinsider.com logoForm 8-K WESTLAKE CHEMICAL CORP For: Aug 03 (NYSE:WLK)
www.streetinsider.com - August 3 at 11:38 AM
finance.yahoo.com logoFitch Rates Westlake Chemical's New Notes 'BBB'; Removes Watch; Outlook Stable (NYSE:WLK)
finance.yahoo.com - August 3 at 11:38 AM
moodys.com logoWestlake Chemical Corporation -- Moody's assigns Baa3 to Westlake's new notes (NYSE:WLK)
www.moodys.com - August 3 at 11:38 AM
capitalcube.com logoWestlake Chemical Corp. breached its 50 day moving average in a Bearish Manner : WLK-US : August 3, 2016 (NYSE:WLK)
www.capitalcube.com - August 3 at 11:38 AM
publicnow.com logoWestlake Announces Proposed Offering of Senior Notes (NYSE:WLK)
www.publicnow.com - August 3 at 11:38 AM
feeds.reuters.com logoBRIEF-Westlake Chemical proposes offering senior notes (NYSE:WLK)
feeds.reuters.com - August 3 at 9:24 AM
finance.yahoo.com logoEdited Transcript of WLK earnings conference call or presentation 28-Jul-16 9:00pm GMT (NYSE:WLK)
finance.yahoo.com - July 29 at 2:04 PM
4-traders.com logoWestlake Chemical : beats Street 2Q forecasts (NYSE:WLK)
www.4-traders.com - July 28 at 8:45 PM
businesswire.com logoWestlake Chemical Corporation Announces Second Quarter 2016 Earnings (NYSE:WLK)
www.businesswire.com - July 28 at 8:45 PM
sg.finance.yahoo.com logoWestlake beats Street 2Q forecasts (NYSE:WLK)
sg.finance.yahoo.com - July 28 at 7:07 PM
biz.yahoo.com logoQ2 2016 Westlake Chemical Corp Earnings Release - After Market Close (NYSE:WLK)
biz.yahoo.com - July 28 at 7:07 AM
publicnow.com logoWestlake Chemical Partners LP Announces Second Quarter Distribution (NYSE:WLK)
www.publicnow.com - July 28 at 6:58 AM
finance.yahoo.com logo8:59 am Westlake Chemical announces that its Calvert City, Kentucky complex is in the process of restarting after an unexpected shutdown on June 1, expects a $40 mln impact on 2Q16 & 3Q16 financial results (NYSE:WLK)
finance.yahoo.com - July 18 at 8:59 AM
finance.yahoo.com logoWestlake Chemical Restarts Plant in Calvert City, Kentucky (NYSE:WLK)
finance.yahoo.com - July 18 at 8:30 AM
marketrealist.com logoCan Eastman Chemical Generate Higher Operating Cash Flows? (NYSE:WLK)
marketrealist.com - July 13 at 9:08 AM
capitalcube.com logoETF’s with exposure to Westlake Chemical Corp. : July 1, 2016 (NYSE:WLK)
www.capitalcube.com - July 1 at 6:51 PM
biz.yahoo.com logoWESTLAKE CHEMICAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:WLK)
biz.yahoo.com - June 30 at 5:30 PM
finance.yahoo.com logoWhy You Shouldn't Bet Against Westlake Chemical (WLK) Stock (NYSE:WLK)
finance.yahoo.com - June 22 at 9:41 AM
News Icon(WLK) Rating Increased to Buy at SunTrust (NYSE:WLK)
newsinfilm.com - June 17 at 10:57 AM
istreetwire.com logoThe Statistics Don’t Lie: Westlake Chemical Corp. (NYSE:WLK) Earnings Preview (NYSE:WLK)
istreetwire.com - June 17 at 10:57 AM
News IconWestlake Chemical to buy Axiall Corporation (NYSE:WLK)
blognotizie.info - June 16 at 8:26 PM
finance.yahoo.com logoWestlake Chemical upgraded by SunTrust (NYSE:WLK)
finance.yahoo.com - June 15 at 9:06 AM
News IconFitch Places Westlake Chemical's 'BBB' Ratings on Ratings Watch Negative (NYSE:WLK)
fixedincome.fidelity.com - June 14 at 7:52 PM
News IconWestlake Chemical Looks to More Long-term Ethylene Opportunities after Axiall Acquisition (NYSE:WLK)
www.industrialinfo.com - June 14 at 7:52 PM
moodys.com logoEagle Spinco Inc. -- Moody's reviews Axiall for upgrade on proposed acquisition by Westlake Chemical Corporation (NYSE:WLK)
www.moodys.com - June 13 at 5:10 PM
capitalcube.com logoWestlake Chemical Corp. – Value Analysis (NYSE:WLK) : June 13, 2016 (NYSE:WLK)
www.capitalcube.com - June 13 at 2:56 PM
benzinga.com logoJPMorgan Downgrades Axiall To Neutral Following Back-And-Forth Bidding By Westlake (NYSE:WLK)
www.benzinga.com - June 13 at 11:13 AM
4-traders.com logoWestlake Chemical : to Acquire Axiall for $33.00 Per Share in All-Cash Transaction (NYSE:WLK)
www.4-traders.com - June 13 at 11:13 AM

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Westlake Chemical Corp. (NYSE:WLK) Chart for Sunday, August, 28, 2016


Last Updated on 8/28/2016 by MarketBeat.com Staff