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NYSE:WLK

Westlake Chemical Stock Forecast, Price & News

$81.88
+3.32 (+4.23 %)
(As of 12/4/2020 02:31 PM ET)
Add
Compare
Today's Range
$80.00
Now: $81.88
$82.32
50-Day Range
$65.26
MA: $72.76
$79.61
52-Week Range
$28.99
Now: $81.88
$81.08
Volume3,289 shs
Average Volume611,719 shs
Market Capitalization$10.46 billion
P/E Ratio27.11
Dividend Yield1.39%
Beta1.62
Westlake Chemical Corporation, together with its subsidiaries, 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 residential siding, trim and moulding, pipe and fittings for various water, sewer and industrial applications, profiles for windows and doors, decking products, film for various inflatables, wall covering tapes, roofing applications, and composite roof tiles. 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, and 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.
Westlake Chemical logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
CUSIP96041310
Phone713-960-9111
Employees9,430

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.12 billion
Cash Flow$10.42 per share
Book Value$49.89 per share

Profitability

Net Income$421 million

Miscellaneous

Market Cap$10.46 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$81.88
+3.32 (+4.23 %)
(As of 12/4/2020 02:31 PM 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 price been impacted by COVID-19?

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 (WHO). Since then, WLK stock has increased by 112.8% and is now trading at $81.77.
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 3 sell ratings, 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Westlake Chemical
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Westlake Chemical?

Wall Street analysts have given Westlake Chemical a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Westlake Chemical wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Westlake Chemical
.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) released its quarterly earnings results on Sunday, November, 8th. The specialty chemicals company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.46 by $0.18. The specialty chemicals company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Westlake Chemical had a net margin of 5.14% and a return on equity of 4.74%. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 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 declared a quarterly dividend on Friday, November 13th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.27 per share on Wednesday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, November 23rd.
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 before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly issued shares were payable 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?

17 brokerages have issued 12 month price objectives for Westlake Chemical's shares. Their forecasts range from $30.00 to $84.00. On average, they anticipate Westlake Chemical's stock price to reach $62.56 in the next twelve months. This suggests that the stock has a possible downside of 23.5%.
View analysts' price targets for Westlake Chemical
.

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), The Home Depot (HD), Advanced Micro Devices (AMD), The Boeing (BA), Micron Technology (MU), UnitedHealth Group (UNH), Mastercard (MA), Walmart (WMT), Broadcom (AVGO) and Costco Wholesale (COST).

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director (Age 70, Pay $6.48M)
  • Mr. Steven Mark Bender CPA, Exec. VP & CFO (Age 63, Pay $2.25M)
  • Mr. L. Benjamin Ederington, Sr. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. (Age 49, Pay $1.81M)
  • Mr. Robert F. Buesinger, Exec. VP of Vinyl Products (Age 63, Pay $1.81M)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 44)
  • Mr. Andrew F. Kenner, Sr. VP of Chemical Manufacturing (Age 55)
  • Mr. Lawrence E. Teel, Exec. VP of Olefins (Age 61)
  • Dr. Karl-Martin Schellerer, Managing Director of Vinnolit Bus. and VP
  • Mr. Roger Lester Kearns, Exec. VP of Vinyls Chemicals (Age 57)
  • Mr. Jeff Holy, VP & Treasurer

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. (2.71%), BlackRock Inc. (1.21%), Arrowstreet Capital Limited Partnership (0.60%), Wells Fargo & Company MN (0.54%), State Street Corp (0.36%) and Charles Schwab Investment Management Inc. (0.22%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, Mark Steven Bender, Robert F Buesinger, Roger L Kearns and Ttwfgp Llc.
View institutional ownership trends for Westlake Chemical
.

Which major investors are selling Westlake Chemical stock?

WLK stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., UBS Asset Management Americas Inc., JPMorgan Chase & Co., BlackRock Inc., Wells Fargo & Company MN, State Street Corp, Charles Schwab Investment Management Inc., and Morgan Stanley. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Andrew Kenner, Mark Steven Bender, and Robert F Buesinger.
View insider buying and selling activity for Westlake Chemical
.

Which major investors are buying Westlake Chemical stock?

WLK stock was acquired by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Scopus Asset Management L.P., Great West Life Assurance Co. Can, Scout Investments Inc., Point72 Asset Management L.P., UBS Oconnor LLC, Guggenheim Capital LLC, 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 $81.77.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $10.44 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 12/4/2020 by MarketBeat.com Staff

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