NYSE:WLKWestlake Chemical Stock Price, Forecast & News

Westlake Chemical's stock was trading at $38.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WLK stock has decreased by 1.1% and is now trading at $38.01. View which stocks have been mosted impacted by Coronavirus.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 4 sell ratings, 13 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Westlake Chemical.

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Westlake Chemical.

Westlake Chemical Co. (NYSE:WLK) posted its earnings results on Tuesday, February, 18th. The specialty chemicals company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.87 by $0.50. The specialty chemicals company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.93 billion. Westlake Chemical had a net margin of 5.19% and a return on equity of 7.08%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. View Westlake Chemical's earnings history.

Westlake Chemical announced a quarterly dividend on Friday, February 14th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.2625 per share on Tuesday, March 10th. This represents a $1.05 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, February 24th. View Westlake Chemical's dividend history.

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 distributed 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.

22 analysts have issued twelve-month price targets for Westlake Chemical's shares. Their forecasts range from $28.00 to $105.00. On average, they expect Westlake Chemical's share price to reach $56.47 in the next twelve months. This suggests a possible upside of 48.6% from the stock's current price. View analysts' price targets for Westlake Chemical.

Headlines about WLK stock have trended very negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Westlake Chemical earned a news impact score of -3.3 on InfoTrie's scale. They also assigned media headlines about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutWestlake Chemical.

Westlake Chemical saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,700,100 shares, an increase of 14.9% from the February 27th total of 2,350,000 shares. Based on an average daily volume of 605,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 7.6% of the company's shares are sold short. View Westlake Chemical's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical investors own include NVIDIA (NVDA), Home Depot (HD), Boeing (BA), Mastercard (MA), Alibaba Group (BABA), UnitedHealth Group (UNH), Cisco Systems (CSCO), Micron Technology (MU), Netflix (NFLX) and Applied Materials (AMAT).

Westlake Chemical 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WLK stock can currently be purchased for approximately $38.01.

Westlake Chemical has a market capitalization of $4.88 billion and generates $8.12 billion in revenue each year. The specialty chemicals company earns $421 million in net income (profit) each year or $3.26 on an earnings per share basis. Westlake Chemical employs 9,430 workers across the globe. View additional information about Westlake Chemical.

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

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]