NYSE:WLKWestlake Chemical Stock Price, Forecast & News

Westlake Chemical's stock was trading at $38.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WLK stock has increased by 37.0% and is now trading at $52.64. View which stocks have been most impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 3 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.

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Westlake Chemical.

Westlake Chemical Co. (NYSE:WLK) posted its earnings results on Monday, May, 4th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.08. The specialty chemicals company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. Westlake Chemical had a net margin of 6.16% and a return on equity of 6.41%. The business's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. View Westlake Chemical's earnings history.

Westlake Chemical announced a quarterly dividend on Friday, May 15th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.2625 per share on Tuesday, June 9th. This represents a $1.05 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 22nd. View Westlake Chemical's dividend history.

Westlake Chemical shares split on the morning of Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly issued shares were issued to shareholders after the closing bell 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.

18 brokers have issued 12-month price targets for Westlake Chemical's stock. Their forecasts range from $30.00 to $84.00. On average, they anticipate Westlake Chemical's share price to reach $53.53 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price. View analysts' price targets for Westlake Chemical.

Media coverage about WLK stock has trended negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Westlake Chemical earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned press coverage about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news about Westlake Chemical.

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). View all competitors.

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

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

Westlake Chemical's stock is owned by many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.09%) and Envestnet Asset Management Inc. (0.01%). 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.

WLK stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and Envestnet Asset Management Inc.. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Dorothy C Jenkins, and George J Mangieri. View insider buying and selling activity for 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.

One share of WLK stock can currently be purchased for approximately $52.64.

Westlake Chemical has a market capitalization of $6.72 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.

The official website for Westlake Chemical is 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]