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

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$69.70 +0.64 (+0.93 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$69.06
Today's Range$68.15 - $70.36
52-Week Range$59.78 - $124.29
Volume720,136 shs
Average Volume926,786 shs
Market Capitalization$8.95 billion
P/E Ratio8.92
Dividend Yield1.45%
Beta1.45
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. 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 building products fabricated from PVC, including pipe, 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 1985 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.

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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$8.64 billion
Cash Flow$12.9314 per share
Book Value$47.04 per share

Profitability

Net Income$996 million

Miscellaneous

Employees8,870
Market Cap$8.95 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. Investors 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 1.43%. 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?

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 issued 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) released its quarterly earnings results on Tuesday, February, 19th. The specialty chemicals company reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.72 by $0.70. The specialty chemicals company earned $1.96 billion during the quarter, compared to the consensus estimate of $2.10 billion. Westlake Chemical had a net margin of 11.53% and a return on equity of 17.83%. The firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $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.

What price target have analysts set for WLK?

15 Wall Street analysts have issued 12-month target prices for Westlake Chemical's shares. Their forecasts range from $72.00 to $150.00. On average, they expect Westlake Chemical's share price to reach $100.3571 in the next year. This suggests a possible upside of 44.0% from the stock's current price. View Analyst Price Targets for Westlake Chemical.

What is the consensus analysts' recommendation for Westlake Chemical?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 headlines about WLK stock have trended neutral on Thursday, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Westlake Chemical earned a news sentiment score of 0.5 on InfoTrie's scale. They also assigned media stories about the specialty chemicals company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the company'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 Alibaba Group (BABA), Micron Technology (MU), Twitter (TWTR), General Electric (GE), NVIDIA (NVDA), Ultra Clean (UCTT), Mattel (MAT), Boeing (BA), Cisco Systems (CSCO) and UnitedHealth Group (UNH).

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 institutional and retail investors. Top institutional investors include FMR LLC (5.97%), BlackRock Inc. (1.57%), Dimensional Fund Advisors LP (0.91%), Millennium Management LLC (0.65%), Bank of New York Mellon Corp (0.64%) and Norges Bank (0.38%). 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 FMR LLC, Bank of New York Mellon Corp, First Trust Advisors LP, Strs Ohio, James Investment Research Inc., Fort Pitt Capital Group LLC, Prudential Financial Inc. and BlackRock Inc.. 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Millennium Management LLC, Nuveen Asset Management LLC, Gotham Asset Management LLC, Canada Pension Plan Investment Board, Two Sigma Investments LP, Stifel Financial Corp and Cambiar Investors 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, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $69.70.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $8.95 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:  343 (Vote Outperform)
Underperform Votes:  327 (Vote Underperform)
Total Votes:  670
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 3/21/2019 by MarketBeat.com Staff

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