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

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$75.21 -0.55 (-0.73 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$75.76
Today's Range$74.95 - $76.39
52-Week Range$59.78 - $124.29
Volume561,871 shs
Average Volume960,596 shs
Market Capitalization$9.67 billion
P/E Ratio9.63
Dividend Yield1.32%
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
Webwww.westlake.com
Phone713-960-9111

Debt

Debt-to-Equity Ratio0.44
Current Ratio2.40
Quick Ratio1.55

Price-To-Earnings

Trailing P/E Ratio9.63
Forward P/E Ratio10.61
P/E Growth0.91

Sales & Book Value

Annual Sales$8.64 billion
Price / Sales1.12
Cash Flow$12.4726 per share
Price / Cash Flow6.03
Book Value$47.04 per share
Price / Book1.60

Profitability

EPS (Most Recent Fiscal Year)$7.81
Net Income$996 million
Net Margins11.53%
Return on Equity17.83%
Return on Assets9.11%

Miscellaneous

Employees8,870
Outstanding Shares128,590,000
Market Cap$9.67 billion
Next Earnings Date5/2/2019 (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 Friday, February 15th. Shareholders of record on Wednesday, February 27th will be given a dividend of $0.25 per share on Wednesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, February 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 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.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) issued its quarterly earnings data on Tuesday, February, 19th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.72 by $0.70. The specialty chemicals company earned $1.96 billion during the quarter, compared to analysts' expectations of $2.10 billion. Westlake Chemical had a net margin of 11.53% and a return on equity of 17.83%. Westlake Chemical's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 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 Thursday, May 2nd 2019. View Earnings Estimates for Westlake Chemical.

How can I listen to Westlake Chemical's earnings call?

Westlake Chemical will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8557608160.

What price target have analysts set for WLK?

16 analysts have issued 1 year price targets for Westlake Chemical's shares. Their predictions range from $75.00 to $150.00. On average, they expect Westlake Chemical's stock price to reach $99.8667 in the next year. This suggests a possible upside of 32.8% from the stock's current price. View Analyst Price Targets for Westlake Chemical.

What is the consensus analysts' recommendation for Westlake Chemical?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 8 hold ratings and 8 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. 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)
  • 2. According to Zacks Investment Research, "Westlake Chemical is benefiting from synergies of Axiall acquisition and strong demand for its major products. It should also benefit from its capacity expansion projects. Westlake Chemical has also outperformed the industry it belongs to over the past three months. However, Westlake Chemical faces headwind from raw material cost inflation which may affect its margins. Its operations are exposed to planned turnarounds and unplanned outages. Some weaknesses in caustic soda prices are also expected in the fourth quarter. The company’s high balance sheet leverage is also a matter of concern." (1/19/2019)

Has Westlake Chemical been receiving favorable news coverage?

Media coverage about WLK stock has trended positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 2.7 on InfoTrie's scale. They also gave news articles about the specialty chemicals company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.

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), Micron Technology (MU), Alibaba Group (BABA), General Electric (GE), Twitter (TWTR), Ultra Clean (UCTT), Mattel (MAT), Boeing (BA), UnitedHealth Group (UNH) 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 variety of of retail and institutional investors. Top institutional investors include Strs Ohio (0.16%), Scout Investments Inc. (0.16%), Hennessy Advisors Inc. (0.03%), Viking Fund Management LLC (0.02%), Bowling Portfolio Management LLC (0.01%) and Nisa Investment Advisors LLC (0.01%). 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 major investors are selling Westlake Chemical stock?

WLK stock was sold by a variety of institutional investors in the last quarter, including Viking Fund Management LLC, Bowling Portfolio Management LLC, State of Alaska Department of Revenue and Flagship Harbor Advisors LLC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Dorothy C Jenkins, H John Riley Jr, James Chao, Mark Steven Bender and Robert F Buesinger. View Insider Buying and Selling 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 Scout Investments Inc., Hennessy Advisors Inc., Strs Ohio, Mercer Global Advisors Inc. ADV, Alpha Windward LLC, Quantitative Systematic Strategies LLC, Nisa Investment Advisors LLC and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA. 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 $75.21.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $9.67 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:  349 (Vote Outperform)
Underperform Votes:  332 (Vote Underperform)
Total Votes:  681
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 4/20/2019 by MarketBeat.com Staff

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