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Westlake - WLK Stock Forecast, Price & News

$125.80
+1.65 (+1.33%)
(As of 02/2/2023 11:54 AM ET)
Add
Compare
Today's Range
$123.49
$126.00
50-Day Range
$99.03
$124.15
52-Week Range
$81.29
$141.19
Volume
99,405 shs
Average Volume
534,841 shs
Market Capitalization
$16.04 billion
P/E Ratio
6.13
Dividend Yield
1.16%
Price Target
$113.64

Westlake MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
8.5% Downside
$113.64 Price Target
Short Interest
Bearish
9.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.55
Upright™ Environmental Score
News Sentiment
-0.01mentions of Westlake in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-44.65%
From $18.61 to $10.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Basic Materials Sector

128th out of 159 stocks

Industrial Organic Chemicals Industry

14th out of 19 stocks


WLK stock logo

About Westlake (NYSE:WLK) Stock

Westlake Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the following segments: Olefins and Vinyls. The Olefins segment manufactures ethylene, polyethylene and styrene and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window and door components, and film and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.

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WLK Stock News Headlines

RBC Capital Reaffirms Their Buy Rating on Westlake Chemical (WLK)
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16 Analysts Have This to Say About Westlake
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See More Headlines
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WLK Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/9 Dividend
11/23/2022
Dividend Payable
12/09/2022
Today
2/02/2023
Next Earnings (Estimated)
2/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
14,550
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$113.64
High Stock Price Forecast
$153.00
Low Stock Price Forecast
$94.00
Forecasted Upside/Downside
-9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
14 Analysts

Profitability

Net Income
$2.02 billion
Pretax Margin
21.78%

Debt

Sales & Book Value

Annual Sales
$11.78 billion
Cash Flow
$22.87 per share
Book Value
$66.72 per share

Miscellaneous

Free Float
33,542,000
Market Cap
$16.04 billion
Optionable
Optionable
Beta
1.24

Social Links


Key Executives

  • Albert Yuan Chao
    President, Chief Executive Officer & Director
  • Roger Lester Kearns
    Chief Operating Officer & Executive Vice President
  • Mark Steven BenderMark Steven Bender
    Chief Financial Officer & Executive Vice President
  • L. Benjamin EderingtonL. Benjamin Ederington
    Secretary, CAO, Senior VP & General Counsel
  • Johnathan S. ZoellerJohnathan S. Zoeller
    Chief Accounting Officer & Vice President













WLK Stock - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 3 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WLK shares. 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 WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price forecast for 2023?

14 Wall Street research analysts have issued 1-year target prices for Westlake's shares. Their WLK share price forecasts range from $94.00 to $153.00. On average, they predict the company's share price to reach $113.64 in the next twelve months. This suggests that the stock has a possible downside of 8.5%.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2023?

Westlake's stock was trading at $102.54 at the beginning of the year. Since then, WLK shares have increased by 21.1% and is now trading at $124.14.
View the best growth stocks for 2023 here
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our WLK earnings forecast
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) released its quarterly earnings data on Tuesday, November, 2nd. The specialty chemicals company reported $4.69 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.73. The specialty chemicals company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $2.72 billion. Westlake had a trailing twelve-month return on equity of 28.03% and a net margin of 16.62%. During the same period in the previous year, the business posted $0.60 earnings per share.

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

Westlake announced a quarterly dividend on Friday, November 11th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.357 per share on Friday, December 9th. This represents a $1.43 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 23rd.
Read our dividend analysis for WLK
.

Is Westlake a good dividend stock?

Westlake (NYSE:WLK) pays an annual dividend of $1.43 per share and currently has a dividend yield of 1.16%. The company 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 is 6.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 13.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

When did Westlake's stock split?

Westlake's stock split before market open 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 closing bell on Tuesday, March 18th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Albert Chao's approval rating as Westlake's CEO?

60 employees have rated Westlake Chief Executive Officer Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among the company'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.

What other stocks do shareholders of Westlake own?

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).

What is Westlake's stock symbol?

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

Who are Westlake's major shareholders?

Westlake's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.29%), Scout Investments Inc. (0.11%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Wedge Capital Management L L P NC (0.05%), Contravisory Investment Management Inc. (0.05%) and Strs Ohio (0.04%). Insiders that own company stock include Albert Chao, Andrew Kenner, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger, Roger L Kearns and Ttwfgp Llc.
View institutional ownership trends
.

How do I buy shares of Westlake?

Shares of WLK stock 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.
Compare Top Brokerages Here.

What is Westlake's stock price today?

One share of WLK stock can currently be purchased for approximately $124.14.

How much money does Westlake make?

Westlake (NYSE:WLK) has a market capitalization of $15.83 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 $20.51 on an earnings per share basis.

How many employees does Westlake have?

The company employs 14,550 workers across the globe.

Does Westlake have any subsidiaries?
The following companies are subsidiares of Westlake: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Lagoon LLC, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Schkopau GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..
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How can I contact Westlake?

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

This page (NYSE:WLK) was last updated on 2/2/2023 by MarketBeat.com Staff