Westlake Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Westlake stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLK, but not buy additional shares or sell existing shares.
View analyst ratings for Westlake or view top-rated stocks.

10 brokers have issued 1 year price targets for Westlake's stock. Their WLK stock forecasts range from $89.00 to $155.00. On average, they expect Westlake's share price to reach $137.91 in the next year. This suggests a possible upside of 39.5% from the stock's current price.
View analysts' price targets for Westlake or view top-rated stocks among Wall Street analysts.

Westlake's stock was trading at $97.13 on January 1st, 2022. Since then, WLK stock has increased by 1.8% and is now trading at $98.86.
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Westlake saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 1,880,000 shares, an increase of 28.8% from the May 15th total of 1,460,000 shares. Based on an average trading volume of 794,900 shares, the days-to-cover ratio is currently 2.4 days. Approximately 5.6% of the shares of the stock are short sold.
View Westlake's Short Interest.

Westlake is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Westlake.

Westlake Co. (NYSE:WLK) released its earnings results on Tuesday, May, 3rd. The specialty chemicals company reported $5.83 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $1.13. The specialty chemicals company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.46 billion. Westlake had a net margin of 18.76% and a trailing twelve-month return on equity of 30.67%. The business's quarterly revenue was up 72.1% on a year-over-year basis. During the same quarter last year, the business earned $1.87 earnings per share.
View Westlake's earnings history.

Westlake declared a quarterly dividend on Saturday, May 14th. Stockholders of record on Monday, May 23rd will be paid a dividend of $0.2975 per share on Tuesday, June 7th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, May 20th.
View Westlake's dividend history.

Westlake(NYSE:WLK) pays an annual dividend of $1.19 per share and currently has a dividend yield of 1.20%. Westlake has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Westlake is 6.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Westlake will have a dividend payout ratio of 6.64% next year. This indicates that Westlake will be able to sustain or increase its dividend.
View Westlake's dividend history.

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

60 employees have rated Westlake CEO Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among Westlake'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.

Some companies that are related to Westlake include LyondellBasell Industries (LYB), Cabot (CBT), Kronos Worldwide (KRO), Hawkins (HWKN), Koppers (KOP), Tredegar (TG) and Trecora Resources (TREC).
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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."

Shares of WLK 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 $98.86.

Westlake (NYSE:WLK) has a market capitalization of $12.69 billion and generates $11.78 billion in revenue each year. The specialty chemicals company earns $2.02 billion in net income (profit) each year or $19.54 on an earnings per share basis.

Westlake employs 14,550 workers across the globe.

Westlake was founded in 1986.

Westlake's mailing address is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. The official website for Westlake 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.