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NYSE:WLK

Westlake Chemical Stock Forecast, Price & News

$102.06
+1.16 (+1.15 %)
(As of 05/13/2021 12:00 AM ET)
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Today's Range
$100.70
$103.66
50-Day Range
$86.33
$103.63
52-Week Range
$36.09
$105.54
Volume292,535 shs
Average Volume612,029 shs
Market Capitalization$13.08 billion
P/E Ratio33.79
Dividend Yield1.07%
Beta1.62
30 days | 90 days | 365 days | Advanced Chart
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Westlake Chemical logo

About Westlake Chemical

Westlake Chemical Corporation, together with its subsidiaries, manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Vinyls and Olefins. 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 molding, pipe and fittings for various water, sewer and industrial applications, profiles for windows and doors, decking products, films for various inflatables, wall covering tapes, roofing applications, and composite roof tiles. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen 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, 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.

Headlines

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Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
CUSIP96041310
Phone713-960-9111
Employees9,220
Year Founded1986

Sales & Book Value

Annual Sales$8.12 billion
Cash Flow$12.98 per share
Book Value$49.89 per share

Profitability

Net Income$421 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$13.08 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.27 out of 5 stars

Basic Materials Sector

14th out of 861 stocks

Industrial Organic Chemicals Industry

3rd out of 38 stocks

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Westlake Chemical (NYSE:WLK) Frequently Asked Questions

Is Westlake Chemical a buy right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 top-rated stocks.

What stocks does MarketBeat like better than Westlake Chemical?

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

Are investors shorting Westlake Chemical?

Westlake Chemical saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,660,000 shares, a decline of 35.4% from the March 31st total of 2,570,000 shares. Based on an average daily volume of 683,500 shares, the short-interest ratio is currently 2.4 days. Approximately 5.1% of the shares of the stock are short sold.
View Westlake Chemical's Short Interest
.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 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 results on Tuesday, May, 4th. The specialty chemicals company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.56 by $0.31. The specialty chemicals company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.05 billion. Westlake Chemical had a net margin of 5.14% and a trailing twelve-month return on equity of 4.74%. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share.
View Westlake Chemical's earnings history
.

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 165.6% and is now trading at $102.06.
View which stocks have been most impacted by COVID-19
.

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

Westlake Chemical declared a quarterly dividend on Friday, February 19th. Stockholders of record on Tuesday, March 2nd will be paid a dividend of $0.27 per share on Tuesday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, March 1st.
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 1.07%. Westlake Chemical has been increasing its dividend for 16 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's stock split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were distributed 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?

15 Wall Street analysts have issued twelve-month target prices for Westlake Chemical's stock. Their forecasts range from $35.00 to $124.00. On average, they anticipate Westlake Chemical's stock price to reach $86.14 in the next year. This suggests that the stock has a possible downside of 15.6%.
View analysts' price targets for Westlake Chemical
or view top-rated stocks among Wall Street analysts.

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director (Age 71, Pay $5.29M)
  • Mr. Mark Steven Bender CPA, Exec. VP & CFO (Age 64, Pay $1.93M) (LinkedIn Profile)
  • Mr. Roger Lester Kearns, Exec. VP & COO (Age 58, Pay $1.24M) (LinkedIn Profile)
  • Mr. L. Benjamin Ederington, Sr. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. (Age 50, Pay $1.56M) (LinkedIn Profile)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 45)
  • Mr. Andrew F. Kenner, Sr. VP of Operations (Age 56)
  • Mr. Robert F. Buesinger, Exec. VP of Vinyl Products (Age 64)
  • Dr. Karl-Martin Schellerer, Managing Director of Vinnolit Bus. and VP
  • Mr. Jeff Holy, VP & Treasurer

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

60 employees have rated Westlake Chemical CEO Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among Westlake Chemical'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 Chemical to a friend.

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).

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 variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (2.42%), BlackRock Inc. (1.35%), Assenagon Asset Management S.A. (1.35%), Fort Pitt Capital Group LLC (0.47%), Geode Capital Management LLC (0.32%) and Acadian Asset Management LLC (0.27%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, Johnathan Stevan Zoeller, Lawrence E Teel, 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 Alliancebernstein L.P., New York State Common Retirement Fund, Denali Advisors LLC, Smith Graham & Co. Investment Advisors LP, State of Tennessee Treasury Department, Bank of New York Mellon Corp, State of New Jersey Common Pension Fund D, and The PNC Financial Services Group Inc.. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Andrew Kenner, Johnathan Stevan Zoeller, Lawrence E Teel, 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 Assenagon Asset Management S.A., Acadian Asset Management LLC, Prudential Financial Inc., BlackRock Inc., Scout Investments Inc., JPMorgan Chase & Co., Contravisory Investment Management Inc., and Virginia Retirement Systems ET AL. 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.
Compare Top Brokerages Here.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $102.06.

How much money does Westlake Chemical make?

Westlake Chemical has a market capitalization of $13.08 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.

How many employees does Westlake Chemical have?

Westlake Chemical employs 9,220 workers across the globe.

Does Westlake Chemical have any subsidiaries?

The following companies are subsidiares of Westlake Chemical: 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..

When was Westlake Chemical founded?

Westlake Chemical was founded in 1986.

What is Westlake Chemical's official website?

The official website for Westlake Chemical is www.westlake.com.

Where are Westlake Chemical's headquarters?

Westlake Chemical is headquartered at 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056.

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 5/14/2021 by MarketBeat.com Staff
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