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

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$60.52 -0.47 (-0.77 %)
(As of 05/27/2019 09:20 AM ET)
Previous Close$60.99
Today's Range$59.77 - $61.95
52-Week Range$57.39 - $122.76
Volume740,943 shs
Average Volume1.17 million shs
Market Capitalization$7.78 billion
P/E Ratio7.75
Dividend Yield1.65%
Beta1.44
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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
SectorBasic Materials
Current SymbolNYSE:WLK
Previous Symbol
CUSIP96041310
CIK1262823
Webhttp://www.westlake.com/
Phone713-960-9111

Debt

Debt-to-Equity Ratio0.48
Current Ratio2.14
Quick Ratio1.31

Price-To-Earnings

Trailing P/E Ratio7.75
Forward P/E Ratio10.64
P/E Growth1.31

Sales & Book Value

Annual Sales$8.64 billion
Price / Sales0.90
Cash Flow$12.8766 per share
Price / Cash Flow4.70
Book Value$47.04 per share
Price / Book1.29

Profitability

EPS (Most Recent Fiscal Year)$7.81
Net Income$996 million
Net Margins9.18%
Return on Equity14.57%
Return on Assets7.53%

Miscellaneous

Employees8,870
Outstanding Shares128,590,000
Market Cap$7.78 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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 Monday, May 20th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.25 per share on Wednesday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, May 28th. 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 on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly minted shares were payable to shareholders after the market closes 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) announced its earnings results on Thursday, May, 2nd. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by $0.44. The specialty chemicals company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. Westlake Chemical had a net margin of 9.18% and a return on equity of 14.57%. The business's revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 earnings per share. 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 Thursday, August 1st 2019. View Earnings Estimates for Westlake Chemical.

What price target have analysts set for WLK?

17 equities research analysts have issued twelve-month target prices for Westlake Chemical's shares. Their forecasts range from $59.82 to $150.00. On average, they expect Westlake Chemical's stock price to reach $90.1763 in the next twelve months. This suggests a possible upside of 49.0% from the stock's current price. View Analyst Price Targets for Westlake Chemical.

What is the consensus analysts' recommendation for Westlake Chemical?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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?

News articles about WLK stock have trended very positive on Monday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Westlake Chemical earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave news headlines about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,361,285 shares, an increase of 60.2% from the March 29th total of 2,098,184 shares. Based on an average trading volume of 1,229,442 shares, the days-to-cover ratio is currently 2.7 days. Approximately 9.6% of the shares of the company 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), Twitter (TWTR), Alibaba Group (BABA), General Electric (GE), Micron Technology (MU), Ultra Clean (UCTT), Boeing (BA), Mattel (MAT), UnitedHealth Group (UNH) and Mastercard (MA).

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 many different of institutional and retail investors. Top institutional investors include FMR LLC (5.23%), BlackRock Inc. (1.55%), Dimensional Fund Advisors LP (0.92%), Federated Investors Inc. PA (0.64%), AQR Capital Management LLC (0.39%) and Fort Pitt Capital Group LLC (0.31%). 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, FMR LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Royce & Associates LP, Charles Schwab Investment Management Inc., Northern Trust Corp and Geode Capital Management LLC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao and H John Riley Jr. View Insider Buying and Selling for Westlake Chemical.

Which institutional investors are buying Westlake Chemical stock?

WLK stock was acquired by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, Scout Investments Inc., PointState Capital LP, Carillon Tower Advisers Inc., Fort Pitt Capital Group LLC, Andra AP fonden, Wellington Management Group LLP and Trexquant Investment 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 $60.52.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $7.78 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.

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:  2.6 out of 5 (star star)
Outperform Votes:  354 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  694
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 5/27/2019 by MarketBeat.com Staff

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