NYSE:WLKWestlake Chemical Stock Price, Forecast & News

Westlake Chemical's stock was trading at $38.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WLK stock has increased by 37.0% and is now trading at $52.64. View which stocks have been most impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 3 sell ratings, 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Westlake Chemical.

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Westlake Chemical.

Westlake Chemical Co. (NYSE:WLK) issued its quarterly earnings data on Monday, May, 4th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.08. The specialty chemicals company earned $1.93 billion during the quarter, compared to analyst estimates of $1.90 billion. Westlake Chemical had a net margin of 6.16% and a return on equity of 6.41%. The company's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. View Westlake Chemical's earnings history.

Westlake Chemical declared a quarterly dividend on Friday, May 15th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.2625 per share on Tuesday, June 9th. This represents a $1.05 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, May 22nd. View Westlake Chemical's dividend history.

Shares of Westlake Chemical split 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 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.

18 Wall Street analysts have issued 1-year price objectives for Westlake Chemical's stock. Their forecasts range from $30.00 to $84.00. On average, they expect Westlake Chemical's share price to reach $53.53 in the next year. This suggests a possible upside of 1.7% from the stock's current price. View analysts' price targets for Westlake Chemical.

News headlines about WLK stock have been trending very negative recently, according to InfoTrie. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. 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 -3.8 on InfoTrie's scale. They also assigned press coverage about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Westlake Chemical.

Some companies that are related to Westlake Chemical include LyondellBasell Industries (LYB), Clarivate Analytics (CCC), Cabot (CBT), Kronos Worldwide (KRO), Tredegar (TG), Hawkins (HWKN), Koppers (KOP) and Trecora Resources (TREC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical investors own include NVIDIA (NVDA), Boeing (BA), Home Depot (HD), Alibaba Group (BABA), Cisco Systems (CSCO), Mastercard (MA), Micron Technology (MU), UnitedHealth Group (UNH), Applied Materials (AMAT) and Visa (V).

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

Westlake Chemical's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.09%) and Envestnet Asset Management Inc. (0.01%). Company insiders that own Westlake Chemical stock include Albert Chao, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, Roger L Kearns and Ttwfgp Llc. View institutional ownership trends for Westlake Chemical.

WLK stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and Envestnet Asset Management Inc.. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Dorothy C Jenkins, and George J Mangieri. View insider buying and selling activity for 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.

One share of WLK stock can currently be purchased for approximately $52.64.

Westlake Chemical has a market capitalization of $6.72 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.

The official website for Westlake Chemical is www.westlake.com.

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]