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

$57.02
-2.82 (-4.71 %)
(As of 08/25/2019 09:33 AM ET)
Today's Range
$56.88
Now: $57.02
$59.1540
50-Day Range
$57.17
MA: $65.43
$69.73
52-Week Range
$56.88
Now: $57.02
$98.99
Volume835,799 shs
Average Volume668,184 shs
Market Capitalization$7.31 billion
P/E Ratio7.30
Dividend Yield1.67%
Beta1.61
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. Read More…

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$8.64 billion
Cash Flow$12.2624 per share
Book Value$48.80 per share

Profitability

Net Income$996 million

Miscellaneous

Employees8,870
Market Cap$7.31 billion
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable

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Westlake Chemical (NYSE:WLK) Frequently Asked Questions

What is Westlake Chemical's stock symbol?

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

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

Westlake Chemical announced a quarterly dividend on Thursday, August 15th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.2625 per share on Wednesday, September 11th. This represents a $1.05 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, August 26th. 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 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.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) released its quarterly earnings results on Tuesday, August, 6th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.84 by $0.08. The specialty chemicals company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.15 billion. Westlake Chemical had a net margin of 7.39% and a return on equity of 11.05%. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS. View Westlake Chemical's Earnings History.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for Westlake Chemical.

What guidance has Westlake Chemical issued on next quarter's earnings?

Westlake Chemical issued an update on its FY19 earnings guidance on Monday, July, 1st. The company provided earnings per share (EPS) guidance of $3.10-4.28 for the period, compared to the Thomson Reuters consensus estimate of $5.05. The company issued revenue guidance of $8.0-8.8 billion, compared to the consensus revenue estimate of $8.54 billion.

What price target have analysts set for WLK?

18 analysts have issued 12-month price objectives for Westlake Chemical's shares. Their predictions range from $53.00 to $105.00. On average, they anticipate Westlake Chemical's share price to reach $78.6953 in the next year. This suggests a possible upside of 38.0% from the stock's current price. View Analyst Price Targets for Westlake Chemical.

What is the consensus analysts' recommendation for Westlake Chemical?

18 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Westlake Chemical.

What are Wall Street analysts saying about Westlake Chemical stock?

Here are some recent quotes from research analysts about Westlake Chemical stock:
  • 1. According to Zacks Investment Research, "Westlake Chemical has outperformed the industry over the past six months. The company is benefiting from synergies of Axiall acquisition and strong demand for its major products. It should also benefit from its capacity expansion projects. However, Westlake Chemical faces headwind from raw material cost inflation which may weigh on its margins. The company is also exposed to pricing pressure. Some weaknesses in caustic soda, polyethylene and PVC resin prices are expected in the first quarter of 2019, hurting its bottom line. The company’s operations are also exposed to planned turnarounds and unplanned outages. Its high balance sheet leverage is also a matter of concern." (4/27/2019)
  • 2. Barclays PLC analysts commented, "We think WLK did a decent job on the call explaining the largest moving pieces/discrepancies (i.e., cost inflation vs. FIFO/LIFO vs. price declines), although investors tend to still have difficulty modeling Vinyls results. 1H’19 numbers are likely to remain pressured, given the start-up of new ethylene /PE capacity + recent declines in caustic soda prices, however we continue to think the fundamental outlook (particularly for the Chlor-Alkali product chain) remains quite strong. Our biggest concern short term remains the potential liquidity cliff created by the Dow spin on April 1 (see Duffy Fischer’s note, A Cut, A Cliff, and A January 15, 2019).We are hosting ~100 other Cloud…,’ industrial + material companies at our annual Industrials Select Conference this week in Miami. We hope to see most of you there." (2/20/2019)

Has Westlake Chemical been receiving favorable news coverage?

Media stories about WLK stock have trended positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Westlake Chemical earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave news coverage about the specialty chemicals company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days. View News Stories for Westlake Chemical.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a increase in short interest in July. As of July 15th, there was short interest totalling 4,326,900 shares, an increase of 35.7% from the June 15th total of 3,187,800 shares. Based on an average daily volume of 896,600 shares, the short-interest ratio is currently 4.8 days. Currently, 12.3% of the company's shares are sold short. 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), Boeing (BA), Micron Technology (MU), UnitedHealth Group (UNH), Alibaba Group (BABA), Mastercard (MA), Paypal (PYPL), Viper Energy Partners (VNOM), Home Depot (HD) and Cisco Systems (CSCO).

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the folowing 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)

Who are Westlake Chemical's major shareholders?

Westlake Chemical's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.66%), Price T Rowe Associates Inc. MD (1.69%), BlackRock Inc. (1.55%), Victory Capital Management Inc. (1.54%), Maverick Capital Ltd. (1.00%) and Janus Henderson Group PLC (0.51%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, James Chao, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Max L Lukens, Robert F Buesinger and Robert T Blakely. 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 AQR Capital Management LLC, Bank of New York Mellon Corp, Canada Pension Plan Investment Board, RE Advisers Corp, BNP Paribas Arbitrage SA, Teacher Retirement System of Texas, Bank of Montreal Can and JPMorgan Chase & Co.. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Dorothy C Jenkins and H John Riley Jr. View Insider Buying and Selling 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 Price T Rowe Associates Inc. MD, Victory Capital Management Inc., Maverick Capital Ltd., Janus Henderson Group PLC, Janus Henderson Group PLC, Balyasny Asset Management LLC, Invesco Ltd. and First Trust Advisors LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $57.02.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $7.31 billion and generates $8.64 billion in revenue each year. The specialty chemicals company earns $996 million in net income (profit) each year or $7.81 on an earnings per share basis. Westlake Chemical employs 8,870 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:  364 (Vote Outperform)
Underperform Votes:  365 (Vote Underperform)
Total Votes:  729
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 8/25/2019 by MarketBeat.com Staff

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