NYSE:WLKWestlake Chemical Stock Price, Forecast & News

$47.70

0.00 (0.00 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$46.33

Now: $47.70▼

$47.96

50-Day Range

$37.95

MA: $42.12▼

$49.01

52-Week Range

$28.99

Now: $47.70▼

$75.65

Volume2.41 million shs

Average Volume689,774 shs

Market Capitalization$6.09 billion

P/E Ratio12.45

Dividend Yield2.20%

Beta1.67

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.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Westlake Chemical has received a consensus rating of Hold. The company's average rating score is 1.95, and is based on 3 buy ratings, 12 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.17, Westlake Chemical has a potential upside of 7.3% from its current price of $47.70.
Amount of Analyst Coverage
Westlake Chemical has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Westlake Chemical has received 405 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Westlake Chemical has received 424 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Westlake Chemical has received 51.15% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
Westlake Chemical is a leading dividend payer. It pays a dividend yield of 2.20%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Westlake Chemical has been increasing its dividend for 16 years.
Dividend Coverage
The dividend payout ratio of Westlake Chemical is 32.21 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Westlake Chemical will have a dividend payout ratio of 60.00 % next year. This indicates that Westlake Chemical will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Westlake Chemical insiders have bought more of their company's stock than they have sold. Specifically, they have bought $26,813,300.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
73.10% of the stock of Westlake Chemical is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 27.67% of the stock of Westlake Chemical is held by institutions.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Westlake Chemical are expected to grow by 53.51% in the coming year, from $1.14 to $1.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Westlake Chemical is 12.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Westlake Chemical is 12.45, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 20.06.
Price to Earnings Growth Ratio
Westlake Chemical has a PEG Ratio of 17.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Westlake Chemical has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.42 out of 5 stars

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 Ratio0.74

Current Ratio3.68

Quick Ratio2.77

Price-To-Earnings

Trailing P/E Ratio12.45

Forward P/E Ratio41.84

P/E Growth17.76

Sales & Book Value

Annual Sales$8.12 billion

Price / Sales0.75

Cash Flow$8.85 per share

Price / Cash Flow5.39

Book Value$50.43 per share

Price / Book0.95

Profitability

EPS (Most Recent Fiscal Year)$3.26

Net Income$421 million

Net Margins6.16%

Return on Equity6.41%

Return on Assets3.09%

Miscellaneous

Employees9,430

Outstanding Shares127,670,000

Market Cap$6.09 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Westlake Chemical (NYSE:WLK) Frequently Asked Questions

How has Westlake Chemical's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 24.1% and is now trading at $47.70. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Westlake Chemical?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 4 sell ratings, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Westlake Chemical.

When is Westlake Chemical's next earnings date?

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

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) released its quarterly earnings results on Monday, May, 4th. The specialty chemicals company reported $0.65 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.08. The specialty chemicals company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. Westlake Chemical had a net margin of 6.16% and a return on equity of 6.41%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. View Westlake Chemical's earnings history.

How often does Westlake Chemical pay dividends? What is the dividend yield for Westlake Chemical?

Westlake Chemical announced a quarterly dividend on Friday, May 15th. Investors 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 yield of 2.20%. The ex-dividend date is Friday, May 22nd. 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 the morning of Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created 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.

What price target have analysts set for WLK?

19 Wall Street analysts have issued 12 month price objectives for Westlake Chemical's shares. Their forecasts range from $28.00 to $84.00. On average, they anticipate Westlake Chemical's stock price to reach $51.17 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price. View analysts' price targets for Westlake Chemical.

Has Westlake Chemical been receiving favorable news coverage?

Media headlines about WLK stock have trended extremely negative this week, according to InfoTrie. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Westlake Chemical earned a news sentiment score of -4.0 on InfoTrie's scale. They also assigned news headlines about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutWestlake Chemical.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,060,000 shares, an increase of 32.7% from the April 30th total of 3,060,000 shares. Based on an average trading volume of 935,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 12.3% of the shares of the stock are short sold. View Westlake Chemical's Current Options Chain.

Who are some of Westlake Chemical's key competitors?

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.

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), 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).

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the following 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)

What is Westlake Chemical's stock symbol?

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

Who are Westlake Chemical's major shareholders?

Westlake Chemical's stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (2.93%), Alliancebernstein L.P. (2.16%), BlackRock Inc. (1.51%), State Street Corp (0.71%), Wells Fargo & Company MN (0.66%) and Janus Henderson Group PLC (0.55%). 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.

Which major investors are selling Westlake Chemical stock?

WLK stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Alliancebernstein L.P., Scout Investments Inc., BlackRock Inc., New York State Common Retirement Fund, UBS Group AG, and Carillon Tower Advisers 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.

Which major investors are buying Westlake Chemical stock?

WLK stock was bought by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Victory Capital Management Inc., JPMorgan Chase & Co., Franklin Resources Inc., Balyasny Asset Management LLC, Deutsche Bank AG, AQR Capital Management LLC, and Parametric Portfolio Associates LLC. 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.

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 $47.70.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $6.09 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.

What is Westlake Chemical's official website?

The official website for Westlake Chemical is 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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff