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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:WLK

Westlake Chemical Stock Forecast, Price & News

$85.61
-1.37 (-1.58 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$84.56
Now: $85.61
$86.75
50-Day Range
$75.15
MA: $82.53
$90.53
52-Week Range
$28.99
Now: $85.61
$91.83
Volume182,000 shs
Average Volume292,180 shs
Market Capitalization$10.93 billion
P/E Ratio28.35
Dividend Yield1.26%
Beta1.62
Westlake Chemical Corporation, together with its subsidiaries, 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 residential siding, trim and moulding, pipe and fittings for various water, sewer and industrial applications, profiles for windows and doors, decking products, film for various inflatables, wall covering tapes, roofing applications, and composite roof tiles. 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, and 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.
Westlake Chemical logo

MarketRank

Overall MarketRank

2.27 out of 5 stars

Basic Materials Sector

14th out of 652 stocks

Industrial Organic Chemicals Industry

3rd out of 30 stocks

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
CUSIP96041310
Phone713-960-9111
Employees9,430

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.12 billion
Cash Flow$10.89 per share
Book Value$49.89 per share

Profitability

Net Income$421 million

Miscellaneous

Market Cap$10.93 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$85.61
-1.37 (-1.58 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Westlake Chemical (NYSE:WLK) Frequently Asked Questions

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

Westlake Chemical's stock was trading at $38.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WLK stock has increased by 122.8% and is now trading at $85.61.
View which stocks have been most impacted by COVID-19
.

Is Westlake Chemical a buy right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Westlake Chemical stock. 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 analyst ratings for Westlake Chemical
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Westlake Chemical?

Wall Street analysts have given Westlake Chemical a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Westlake Chemical wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Westlake Chemical
.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) released its quarterly earnings data on Sunday, November, 8th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.18. The specialty chemicals company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Westlake Chemical had a return on equity of 4.74% and a net margin of 5.14%. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share.
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, November 13th. Investors of record on Tuesday, November 24th will be given a dividend of $0.27 per share on Wednesday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, November 23rd.
View Westlake Chemical's dividend history
.

Is Westlake Chemical a good dividend stock?

Westlake Chemical pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.26%. Westlake Chemical has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Westlake Chemical is 33.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Westlake Chemical will have a dividend payout ratio of 43.55% next year. This indicates that Westlake Chemical will be able to sustain or increase its dividend.
View Westlake Chemical's dividend history.

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

Westlake Chemical shares 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 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.

What price target have analysts set for WLK?

18 Wall Street analysts have issued 1 year target prices for Westlake Chemical's shares. Their forecasts range from $30.00 to $104.00. On average, they anticipate Westlake Chemical's share price to reach $69.00 in the next year. This suggests that the stock has a possible downside of 19.4%.
View analysts' price targets for Westlake Chemical
or view Wall Street analyst' top-rated stocks.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,020,000 shares, a decrease of 22.1% from the December 15th total of 1,310,000 shares. Based on an average daily trading volume, of 312,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.1% of the shares of the stock are short sold.
View Westlake Chemical's Short Interest
.

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), The Home Depot (HD), Advanced Micro Devices (AMD), The Boeing (BA), Micron Technology (MU), UnitedHealth Group (UNH), Mastercard (MA), Walmart (WMT), Broadcom (AVGO) and Costco Wholesale (COST).

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director (Age 70, Pay $6.48M)
  • Mr. Steven Mark Bender CPA, Exec. VP & CFO (Age 63, Pay $2.25M)
  • Mr. L. Benjamin Ederington, Sr. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. (Age 49, Pay $1.81M)
  • Mr. Robert F. Buesinger, Exec. VP of Vinyl Products (Age 63, Pay $1.81M)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 44)
  • Mr. Andrew F. Kenner, Sr. VP of Chemical Manufacturing (Age 55)
  • Mr. Lawrence E. Teel, Exec. VP of Olefins (Age 61)
  • Dr. Karl-Martin Schellerer, Managing Director of Vinnolit Bus. and VP
  • Mr. Roger Lester Kearns, Exec. VP of Vinyls Chemicals (Age 57)
  • Mr. Jeff Holy, VP & Treasurer

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 many different institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.08%), Wedge Capital Management L L P NC (0.07%), Bowling Portfolio Management LLC (0.01%) and State of Alaska Department of Revenue (0.00%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, Mark Steven Bender, Robert F Buesinger, 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 Scout Investments Inc., Wedge Capital Management L L P NC, and Bowling Portfolio Management LLC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Andrew Kenner, Mark Steven Bender, and Robert F Buesinger.
View insider buying and selling activity for Westlake Chemical
or view top insider-selling stocks.

Which major investors are buying Westlake Chemical stock?

WLK stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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
or or view top insider-buying stocks.

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 WeBull, 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 $85.61.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $10.93 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 1/18/2021 by MarketBeat.com Staff

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