Westlake - WLK Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price targets for Westlake's shares. Their WLK share price forecasts range from $90.00 to $155.00. On average, they expect the company's stock price to reach $122.79 in the next twelve months. This suggests a possible upside of 44.0% from the stock's current price.
View analysts price targets for WLK or view top-rated stocks among Wall Street analysts.

Westlake's stock was trading at $97.13 at the beginning of the year. Since then, WLK shares have decreased by 12.2% and is now trading at $85.27.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our WLK earnings forecast.

Westlake Co. (NYSE:WLK) issued its quarterly earnings results on Tuesday, August, 2nd. The specialty chemicals company reported $6.60 EPS for the quarter, topping the consensus estimate of $6.33 by $0.27. The specialty chemicals company earned $4.48 billion during the quarter, compared to analysts' expectations of $4.29 billion. Westlake had a net margin of 18.97% and a trailing twelve-month return on equity of 32.17%.

Westlake declared a quarterly dividend on Friday, August 12th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.357 per share on Tuesday, September 6th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, August 19th. This is a boost from the stock's previous quarterly dividend of $0.30.
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 1.67%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 9.81% 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 minted shares were payable 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."

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 $85.27.

Westlake (NYSE:WLK) has a market capitalization of $10.94 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 $22.10 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.