Westlake - WLK Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. 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.
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14 brokers have issued 1-year target prices for Westlake's stock. Their WLK share price forecasts range from $94.00 to $153.00. On average, they expect the company's stock price to reach $113.64 in the next year. This suggests that the stock has a possible downside of 8.5%.
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Westlake's stock was trading at $102.54 at the beginning of 2023. Since then, WLK shares have increased by 21.1% and is now trading at $124.15.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Westlake Co. (NYSE:WLK) announced its quarterly earnings results on Thursday, November, 3rd. The specialty chemicals company reported $3.10 earnings per share for the quarter, missing analysts' consensus estimates of $4.47 by $1.37. The specialty chemicals company earned $3.96 billion during the quarter, compared to the consensus estimate of $4.16 billion. Westlake had a net margin of 16.62% and a trailing twelve-month return on equity of 28.03%.

Westlake announced a quarterly dividend on Friday, November 11th. Investors 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 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 23rd.
Read our dividend analysis for WLK.

Westlake (NYSE:WLK) pays an annual dividend of $1.43 per share and currently has a dividend yield of 1.20%. 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.

Westlake shares split before market open on 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 stock prior to the split would have 200 shares after the split.

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.

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."

Westlake's stock is owned by a variety of retail and institutional 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.
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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.
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One share of WLK stock can currently be purchased for approximately $124.15.

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.

The company employs 14,550 workers across the globe.

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.