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

$52.39
-3.90 (-6.93 %)
(As of 02/28/2020 01:45 AM ET)
Today's Range
$52.37
Now: $52.39
$54.99
50-Day Range
$52.39
MA: $64.88
$71.29
52-Week Range
$52.37
Now: $52.39
$78.08
Volume1.40 million shs
Average Volume627,390 shs
Market Capitalization$6.73 billion
P/E Ratio16.12
Dividend Yield1.87%
Beta1.7
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$8.12 billion
Cash Flow$8.08 per share
Book Value$49.87 per share

Profitability

Net Income$421 million

Miscellaneous

Employees9,430
Market Cap$6.73 billion
Next Earnings Date5/7/2020 (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 Friday, February 14th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.2625 per share on Tuesday, March 10th. This represents a $1.05 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, February 24th. View Westlake Chemical's Dividend History.

When did Westlake Chemical's stock split? How did Westlake Chemical's stock split work?

Westlake Chemical's stock 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.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) issued its quarterly earnings results on Tuesday, February, 18th. The specialty chemicals company reported $0.37 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.87 by $0.50. The specialty chemicals company earned $1.88 billion during the quarter, compared to the consensus estimate of $1.93 billion. Westlake Chemical had a return on equity of 7.08% and a net margin of 5.19%. The firm's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 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, May 7th 2020. View Earnings Estimates for Westlake Chemical.

What price target have analysts set for WLK?

18 brokerages have issued 12 month target prices for Westlake Chemical's shares. Their forecasts range from $51.00 to $105.00. On average, they anticipate Westlake Chemical's stock price to reach $70.16 in the next year. This suggests a possible upside of 33.9% 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.

Has Westlake Chemical been receiving favorable news coverage?

Media coverage about WLK stock has been trending very negative recently, according to InfoTrie. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Westlake Chemical earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news headlines about the specialty chemicals company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View News Stories for Westlake Chemical.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 1,920,000 shares, an increase of 10.3% from the January 30th total of 1,740,000 shares. Based on an average daily volume of 474,200 shares, the days-to-cover ratio is presently 4.0 days. Currently, 5.5% of the shares of the company are short sold. 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), Home Depot (HD), Boeing (BA), Mastercard (MA), Alibaba Group (BABA), UnitedHealth Group (UNH), Cisco Systems (CSCO), Micron Technology (MU), Netflix (NFLX) and Applied Materials (AMAT).

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 retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (2.66%), Victory Capital Management Inc. (2.64%), Alliancebernstein L.P. (2.35%), FMR LLC (2.12%), Maverick Capital Ltd. (1.80%) and State Street Corp (0.72%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, James Chao, Mark Steven Bender and Robert F Buesinger. 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 FMR LLC, Maverick Capital Ltd., First Trust Advisors LP, UBS Asset Management Americas Inc., Goldman Sachs Group Inc., Coronation Fund Managers Ltd., Bank of New York Mellon Corp and Fort Pitt Capital Group LLC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Dorothy C Jenkins, George J Mangieri and H John Riley Jr. View Insider Buying and Selling for Westlake Chemical.

Which institutional investors are buying Westlake Chemical stock?

WLK stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Prudential Financial Inc., Alliancebernstein L.P., Centenus Global Management LP, Jupiter Asset Management Ltd., Brandes Investment Partners LP and Denali Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $52.39.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $6.73 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.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:  394 (Vote Outperform)
Underperform Votes:  397 (Vote Underperform)
Total Votes:  791
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 2/28/2020 by MarketBeat.com Staff

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