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NYSE:WLKWestlake Chemical Stock Price, Forecast & News

$49.01
+2.41 (+5.17 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$47.04
Now: $49.01
$49.28
50-Day Range
$37.95
MA: $41.78
$46.63
52-Week Range
$28.99
Now: $49.01
$75.65
Volume835,483 shs
Average Volume799,625 shs
Market Capitalization$6.26 billion
P/E Ratio12.80
Dividend Yield2.25%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.42 out of 5 stars


Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
SectorBasic Materials
CUSIP96041310
Phone713-960-9111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.12 billion
Cash Flow$9.84 per share
Book Value$50.43 per share

Profitability

Net Income$421 million

Miscellaneous

Employees9,430
Market Cap$6.26 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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WLK stock has increased by 27.5% and is now trading at $49.01. 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) announced its quarterly earnings data on Monday, May, 4th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.08. The specialty chemicals company earned $1.93 billion during the quarter, compared to analysts' expectations of $1.90 billion. Westlake Chemical had a return on equity of 6.41% and a net margin of 6.16%. The business's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 dividend on an annualized basis and a yield of 2.14%. 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 shares split on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly minted 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 equities research analysts have issued 1-year target prices for Westlake Chemical's stock. Their forecasts range from $28.00 to $84.00. On average, they anticipate Westlake Chemical's share price to reach $51.17 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price. View analysts' price targets for Westlake Chemical.

Has Westlake Chemical been receiving favorable news coverage?

Media coverage about WLK stock has been trending positive this week, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Westlake Chemical earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave headlines about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutWestlake Chemical.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a increase in short interest during the month of 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 short-interest ratio is presently 4.3 days. Approximately 12.3% of the shares of the company are sold short. View Westlake Chemical's Current Options Chain.

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), 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 variety of retail and institutional investors. Top institutional shareholders 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 acquired 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 $49.01.

How big of a company is Westlake Chemical?

Westlake Chemical has a market capitalization of $6.26 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 5/28/2020 by MarketBeat.com Staff

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