Westlake Chemical Stock Forecast, Price & News

Westlake Chemical's stock was trading at $38.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WLK stock has increased by 75.3% and is now trading at $67.38.
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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."
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Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Westlake Chemical Co. (NYSE:WLK) released its earnings results on Thursday, August, 6th. The specialty chemicals company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. The specialty chemicals company earned $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. Westlake Chemical had a return on equity of 4.74% and a net margin of 5.14%. The company's revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS.
View Westlake Chemical's earnings history.

Westlake Chemical announced a quarterly dividend on Friday, August 14th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.27 per share on Wednesday, September 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, August 24th. This is an increase from Westlake Chemical's previous quarterly dividend of $0.26.
View Westlake Chemical's dividend history.

Westlake Chemical's stock split on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly minted shares were issued 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.

18 brokers have issued 12-month price targets for Westlake Chemical's stock. Their forecasts range from $30.00 to $84.00. On average, they anticipate Westlake Chemical's stock price to reach $54.00 in the next year. This suggests that the stock has a possible downside of 19.9%.
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Westlake Chemical saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,130,000 shares, a drop of 13.8% from the August 15th total of 3,630,000 shares. Based on an average daily volume of 529,000 shares, the days-to-cover ratio is currently 5.9 days. Currently, 9.6% of the shares of the stock are short sold.
View Westlake Chemical's Short Interest.

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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical investors own include NVIDIA (NVDA), Home Depot (HD), Micron Technology (MU), Boeing (BA), Mastercard (MA), Advanced Micro Devices (AMD), Costco Wholesale (COST), Alibaba Group (BABA), Cisco Systems (CSCO) and UnitedHealth Group (UNH).

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 shareholders include Victory Capital Management Inc. (3.07%), Vanguard Group Inc. (3.06%), FMR LLC (1.18%), Goldman Sachs Group Inc. (0.71%), Fort Pitt Capital Group LLC (0.47%) and Charles Schwab Investment Management Inc. (0.24%). 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 Vanguard Group Inc., FMR LLC, Prudential Financial Inc., Balyasny Asset Management LLC, Point72 Asset Management L.P., Swiss National Bank, Scout Investments Inc., and Wedge Capital Management L L P NC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, and George J Mangieri.
View insider buying and selling activity for Westlake Chemical.

WLK stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Marshall Wace LLP, Marshall Wace North America L.P., AQR Capital Management LLC, Sei Investments Co., Bridgewater Associates LP, and First Trust Advisors LP. Company insiders that have bought Westlake Chemical stock in the last two years include Roger L Kearns, and Ttwfgp Llc.
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 $67.38.

Westlake Chemical has a market capitalization of $8.60 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]