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NYSE:WLK - Westlake Chemical Stock Price, Forecast & News

$38.86
-1.68 (-4.14 %)
(As of 03/30/2020 07:03 AM ET)
Today's Range
$36.46
Now: $38.86
$40.61
50-Day Range
$29.87
MA: $51.20
$66.92
52-Week Range
$28.99
Now: $38.86
$78.08
Volume1.19 million shs
Average Volume1.27 million shs
Market Capitalization$4.99 billion
P/E Ratio11.96
Dividend Yield2.59%
Beta1.57
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

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.12 billion
Cash Flow$8.48 per share
Book Value$49.89 per share

Profitability

Net Income$421 million

Miscellaneous

Employees9,430
Market Cap$4.99 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, WLK stock has increased by 1.1% and is now trading at $38.86. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Westlake Chemical?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 3 sell ratings, 14 hold ratings and 6 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 Thursday, May 7th 2020. View our earnings forecast for Westlake Chemical.

How were Westlake Chemical's earnings last quarter?

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

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

Westlake Chemical declared a quarterly dividend on Friday, February 14th. Stockholders 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 2.70%. The ex-dividend date is Monday, February 24th. View Westlake Chemical's dividend history.

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

Shares of Westlake Chemical 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 Westlake Chemical stock prior to the split would have 200 shares after the split.

What price target have analysts set for WLK?

23 analysts have issued twelve-month target prices for Westlake Chemical's shares. Their forecasts range from $28.00 to $105.00. On average, they expect Westlake Chemical's stock price to reach $59.40 in the next year. This suggests a possible upside of 52.9% from the stock's current price. View analysts' price targets for Westlake Chemical.

Has Westlake Chemical been receiving favorable news coverage?

News stories about WLK stock have been trending somewhat negative this week, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. 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 media sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage 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 next several days. View the latest news aboutWestlake Chemical.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a increase in short interest in the month of 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 trading volume, of 605,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 7.6% of the shares of the company are short sold. View Westlake Chemical's Current Options Chain.

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), 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).

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 a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (2.66%), Victory Capital Management Inc. (2.64%), Alliancebernstein L.P. (2.35%), FMR LLC (2.12%), Maverick Capital Ltd. (1.80%) and State Street Corp (0.72%). Company insiders that own Westlake Chemical stock include Albert Chao, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, James Chao, Mark Steven Bender, Robert F Buesinger, 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 FMR LLC, Maverick Capital Ltd., First Trust Advisors LP, UBS Asset Management Americas Inc., Goldman Sachs Group Inc., Coronation Fund Managers Ltd., Bank of New York Mellon Corp, and Fort Pitt Capital Group LLC. 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.

Which institutional investors are buying Westlake Chemical stock?

WLK stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Norges Bank, Prudential Financial Inc., Alliancebernstein L.P., Centenus Global Management LP, Jupiter Asset Management Ltd., and Brandes Investment Partners 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 $38.86.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $4.99 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.

What is Westlake Chemical's official website?

The official website for Westlake Chemical is http://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]


MarketBeat Community Rating for Westlake Chemical (NYSE WLK)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  403 (Vote Outperform)
Underperform Votes:  414 (Vote Underperform)
Total Votes:  817
MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical and other stocks. Vote "Outperform" if you believe WLK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WLK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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