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NYSE:WLK

Westlake Chemical Stock Forecast, Price & News

$64.47
-0.04 (-0.06 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$63.24
Now: $64.47
$65.03
50-Day Range
$54.79
MA: $61.37
$68.49
52-Week Range
$28.99
Now: $64.47
$75.65
Volume332,617 shs
Average Volume691,673 shs
Market Capitalization$8.23 billion
P/E Ratio21.35
Dividend Yield1.67%
Beta1.68
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. 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 PVC compounds and building products fabricated from PVC, including sidings, pipes, 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 1986 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.
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Westlake Chemical logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.18 out of 5 stars


Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
CUSIP96041310
Phone713-960-9111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.12 billion
Cash Flow$8.89 per share
Book Value$49.89 per share

Profitability

Net Income$421 million

Miscellaneous

Employees9,430
Market Cap$8.23 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$64.47
-0.04 (-0.06 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Westlake Chemical (NYSE:WLK) Frequently Asked Questions

How has Westlake Chemical's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, WLK shares have increased by 67.8% and is now trading at $64.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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, 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Westlake Chemical
.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Westlake Chemical
.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) released its quarterly earnings data on Thursday, August, 6th. The specialty chemicals company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. The specialty chemicals company earned $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. Westlake Chemical had a net margin of 5.14% and a return on equity of 4.74%. The business's quarterly revenue was down 20.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share.
View Westlake Chemical's earnings history
.

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

Westlake Chemical announced a quarterly dividend on Friday, August 14th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.27 per share on Wednesday, September 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, August 24th. This is an increase from Westlake Chemical's previous quarterly dividend of $0.26.
View Westlake Chemical's dividend history
.

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

Westlake Chemical shares split on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were issued 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.

What price target have analysts set for WLK?

17 analysts have issued 12-month price objectives for Westlake Chemical's stock. Their forecasts range from $30.00 to $84.00. On average, they expect Westlake Chemical's share price to reach $54.19 in the next twelve months. This suggests that the stock has a possible downside of 15.9%.
View analysts' price targets for Westlake Chemical
.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,130,000 shares, a decline of 13.8% from the August 15th total of 3,630,000 shares. Based on an average daily trading volume, of 529,000 shares, the days-to-cover ratio is presently 5.9 days. Currently, 9.6% of the shares of the company are short sold.
View Westlake Chemical's Short Interest
.

Who are some of Westlake Chemical's key competitors?

What other stocks do shareholders of Westlake Chemical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical investors own include NVIDIA (NVDA), Micron Technology (MU), Boeing (BA), Home Depot (HD), Advanced Micro Devices (AMD), Costco Wholesale (COST), Cisco Systems (CSCO), Mastercard (MA), Applied Materials (AMAT) and Alibaba Group (BABA).

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director (Age 69)
  • Mr. Steven Mark Bender CPA, Exec. VP & CFO (Age 62)
  • Mr. L. Benjamin Ederington, Chief Admin. Officer, Sr. VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Robert F. Buesinger, Exec. VP of Vinyl Products (Age 62)
  • Mr. George J. Mangieri, Sr. VP & Chief Accounting Officer (Age 68)

What is Westlake Chemical's stock symbol?

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

Who are Westlake Chemical's major shareholders?

Westlake Chemical's stock is owned by many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (3.07%), Vanguard Group Inc. (3.06%), FMR LLC (1.18%), Goldman Sachs Group Inc. (0.71%), Fort Pitt Capital Group LLC (0.47%) and Charles Schwab Investment Management Inc. (0.24%). Company insiders that own Westlake Chemical stock include Albert Chao, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, Roger L Kearns and Ttwfgp Llc.
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 Vanguard Group Inc., FMR LLC, Prudential Financial Inc., Balyasny Asset Management LLC, Point72 Asset Management L.P., Swiss National Bank, Scout Investments Inc., and Wedge Capital Management L L P NC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, and George J Mangieri.
View insider buying and selling activity for Westlake Chemical
.

Which institutional investors are buying Westlake Chemical stock?

WLK stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Marshall Wace LLP, Marshall Wace North America L.P., AQR Capital Management LLC, Sei Investments Co., Bridgewater Associates LP, and First Trust Advisors LP. Company insiders that have bought Westlake Chemical stock in the last two years include Roger L Kearns, and Ttwfgp Llc.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $64.47.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $8.23 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.

What is Westlake Chemical's official website?

The official website for Westlake Chemical is 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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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