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NYSE:WLK

Westlake - WLK Stock Forecast, Price & News

$105.22
-1.06 (-1.00%)
(As of 08/17/2022 10:15 AM ET)
Add
Compare
Today's Range
$105.05
$107.54
50-Day Range
$91.00
$131.92
52-Week Range
$79.88
$141.19
Volume
4,745 shs
Average Volume
723,393 shs
Market Capitalization
$13.50 billion
P/E Ratio
4.76
Dividend Yield
1.14%
Price Target
$129.75

Westlake MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
22.1% Upside
$129.75 Price Target
Short Interest
Bearish
5.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.34
Upright™ Environmental Score
News Sentiment
0.07mentions of Westlake in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$7.95 M Sold Last Quarter
Proj. Earnings Growth
-30.99%
From $23.04 to $15.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Basic Materials Sector

77th out of 170 stocks

Industrial Organic Chemicals Industry

7th out of 21 stocks

WLK stock logo

About Westlake (NYSE:WLK) Stock

Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WLK shares. Citigroup cut their target price on Westlake from $114.00 to $106.00 in a research report on Monday, August 8th. StockNews.com lowered Westlake from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 9th. JPMorgan Chase & Co. lowered Westlake from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $134.00 to $135.00 in a report on Friday, June 3rd. Scotiabank reiterated a "sector perform" rating on shares of Westlake in a research report on Tuesday, August 2nd. Finally, Morgan Stanley decreased their target price on Westlake from $120.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $129.75.

Westlake Stock Performance

Shares of NYSE:WLK opened at $106.28 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $99.49 and a 200-day simple moving average of $113.17. The company has a market cap of $13.64 billion, a PE ratio of 4.81, a P/E/G ratio of 2.39 and a beta of 1.23. Westlake has a 12-month low of $79.88 and a 12-month high of $141.19.

Westlake Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be issued a dividend of $0.357 per share. This is a boost from Westlake's previous quarterly dividend of $0.30. This represents a $1.43 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, August 19th. Westlake's payout ratio is currently 5.38%.

Insiders Place Their Bets

In related news, CEO Albert Chao sold 37,876 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $130.38, for a total value of $4,938,272.88. Following the completion of the transaction, the chief executive officer now owns 472,983 shares of the company's stock, valued at $61,667,523.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Westlake news, CEO Albert Chao sold 37,876 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $130.38, for a total value of $4,938,272.88. Following the sale, the chief executive officer now directly owns 472,983 shares in the company, valued at $61,667,523.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert F. Buesinger sold 14,427 shares of the firm's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $129.47, for a total transaction of $1,867,863.69. Following the completion of the transaction, the executive vice president now directly owns 11,780 shares of the company's stock, valued at approximately $1,525,156.60. The disclosure for this sale can be found here. Company insiders own 73.80% of the company's stock.

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WLK Stock News Headlines

Brokerages Set Westlake Co. (NYSE:WLK) Target Price at $129.75
Westlake (NYSE:WLK) PT Lowered to $106.00
Westlake (WLK) Set to Announce Earnings on Tuesday
See More Headlines
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WLK Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 6/7 Dividend
5/20/2022
Dividend Payable
6/07/2022
Today
8/17/2022
Ex-Dividend for 9/6 Dividend
8/19/2022
Dividend Payable
9/06/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
14,550
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$129.75
High Stock Price Forecast
$155.00
Low Stock Price Forecast
$92.00
Forecasted Upside/Downside
+23.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$2.02 billion
Pretax Margin
25.18%

Debt

Sales & Book Value

Annual Sales
$11.78 billion
Cash Flow
$22.43 per share
Book Value
$77.72 per share

Miscellaneous

Free Float
33,622,000
Market Cap
$13.50 billion
Optionable
Optionable
Beta
1.22

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WLK Stock - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLK, but not buy additional shares or sell existing shares.
View WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price forecast for 2022?

12 Wall Street analysts have issued 12-month price objectives for Westlake's stock. Their WLK share price forecasts range from $92.00 to $155.00. On average, they predict the company's share price to reach $129.75 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2022?

Westlake's stock was trading at $97.13 at the start of the year. Since then, WLK shares have increased by 9.4% and is now trading at $106.28.
View the best growth stocks for 2022 here
.

Are investors shorting Westlake?

Westlake saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,090,000 shares, an increase of 17.4% from the July 15th total of 1,780,000 shares. Based on an average trading volume of 862,500 shares, the days-to-cover ratio is presently 2.4 days. Currently, 5.9% of the shares of the company are sold short.
View Westlake's Short Interest
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our WLK earnings forecast
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) posted its earnings results on Tuesday, November, 2nd. The specialty chemicals company reported $4.69 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.73. The specialty chemicals company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $2.72 billion. Westlake had a trailing twelve-month return on equity of 32.17% and a net margin of 18.97%. During the same quarter in the prior year, the company posted $0.60 earnings per share.

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

Westlake declared a quarterly dividend on Friday, August 12th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.357 per share on Tuesday, September 6th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, August 19th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for WLK
.

Is Westlake a good dividend stock?

Westlake (NYSE:WLK) pays an annual dividend of $1.19 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 5.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 7.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

When did Westlake's stock split?

Westlake's stock split on the morning of 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 closing bell on Tuesday, March 18th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Albert Chao's approval rating as Westlake's CEO?

60 employees have rated Westlake Chief Executive Officer Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among the company's employees. This puts Albert Chao in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 73.0% of employees surveyed would recommend working at Westlake to a friend.

What other stocks do shareholders of Westlake own?

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

What is Westlake's stock symbol?

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

Who are Westlake's major shareholders?

Westlake's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (2.32%), Victory Capital Management Inc. (2.22%), State Street Corp (0.55%), Prudential Financial Inc. (0.42%), AQR Capital Management LLC (0.32%) and Fort Pitt Capital Group LLC (0.31%). Insiders that own company stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, Johnathan Stevan Zoeller, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger, Roger L Kearns and Ttwfgp Llc.
View institutional ownership trends
.

How do I buy shares of Westlake?

Shares of WLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Westlake's stock price today?

One share of WLK stock can currently be purchased for approximately $106.28.

How much money does Westlake make?

Westlake (NYSE:WLK) has a market capitalization of $13.64 billion and generates $11.78 billion in revenue each year. The specialty chemicals company earns $2.02 billion in net income (profit) each year or $22.10 on an earnings per share basis.

How many employees does Westlake have?

The company employs 14,550 workers across the globe.

Does Westlake have any subsidiaries?
The following companies are subsidiares of Westlake: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Lagoon LLC, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Schkopau GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..
Read More
When was Westlake founded?

Westlake was founded in 1986.

How can I contact Westlake?

Westlake's mailing address is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. The official website for the company is www.westlake.com. The specialty chemicals company can be reached via phone at (713) 960-9111, via email at investorrelations@westlake.com, or via fax at 713-963-1590.

This page (NYSE:WLK) was last updated on 8/17/2022 by MarketBeat.com Staff

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