Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Westlake Chemical Corp (WLK)
NYSE:WLK
Westlake Chemical (WLK) Stock Price & Analysis
465 Followers
WLK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$102.11 - $162.64
Previous Close$150.17
Volume450.30K
Average Volume (3M)411.78K
Market Cap
$19.65B
Enterprise Value$22.39B
Total Cash (Recent Filing)$3.30B
Total Debt (Recent Filing)$5.52B
Price to Earnings (P/E)41.4
Beta1.18
Next Earnings
May 02, 2024EPS Estimate
$1.03Last Dividend Ex-Date
Feb 27, 2024Dividend Yield1.21%
Share Statistics
EPS (TTM)3.69
Shares Outstanding128,216,207
10 Day Avg. Volume465,766
30 Day Avg. Volume411,778
Standard Deviation0.10
R-Squared0.44
Alpha0.00514
Financial Highlights & Ratios
Price to Book (P/B)2.89
Price to Sales (P/S)1.22
Price to Cash Flow (P/CF)8.60
P/FCF Ratio8.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.78
Enterprise Value/Gross Profit10.09
Enterprise Value/Ebitda10.45
Forecast
1Y Price Target
$160.00Price Target Upside6.55% Upside
Rating ConsensusHold
Number of Analyst Covering10
Westlake Chemical News
PremiumCompany Announcements
Westlake Chemical Seeks Investigations on Asian Epoxy Resins
PremiumThe Fly
Westlake falls -11.5%Bulls Say Bears Say
Bulls Say
Market OutlookPositive volume growth in HIP and constructive PVC and PE pricing & margin trends support the positive outlook on WLK.
Sector PerformanceHigher PVC & caustic soda prices and improving demand could enable producer operating rates to increase.
Stock ValuationAnalyst raises price target from $150 to $180 based on optimistic 2024E EV/EBITDA multiple projections.
Bears Say
Earnings PerformanceWestlake Corporation reported a below consensus set of Q4’23 numbers in a tough macroeconomic environment.
Guidance DowngradeAnalyst revises 1Q24E EPS estimate from $1.50 to $0.62 based on a lower projected EBITDA of $420MM.
Profitability ConcernsPEM segment earnings missed expectations significantly, with EBITDA falling short of both Street's and analyst's estimates.
---
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
WLK FAQ
What was Westlake Chemical Corp’s price range in the past 12 months?
Westlake Chemical Corp lowest stock price was $102.11 and its highest was $162.64 in the past 12 months.
What is Westlake Chemical Corp’s market cap?
Currently, no data Available
When is Westlake Chemical Corp’s upcoming earnings report date?
Westlake Chemical Corp’s upcoming earnings report date is May 02, 2024 which is in 15 days.
How were Westlake Chemical Corp’s earnings last quarter?
Westlake Chemical Corp released its earnings results on Feb 20, 2024. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.906 by -$0.186.
Is Westlake Chemical Corp overvalued?
According to Wall Street analysts Westlake Chemical Corp’s price is currently Undervalued.
Does Westlake Chemical Corp pay dividends?
Westlake Chemical Corp pays a Quarterly dividend of $0.5 which represents an annual dividend yield of 1.21%. See more information on Westlake Chemical Corp dividends here
What is Westlake Chemical Corp’s EPS estimate?
Westlake Chemical Corp’s EPS estimate is $1.03.
How many shares outstanding does Westlake Chemical Corp have?
Westlake Chemical Corp has 128,216,200 shares outstanding.
What happened to Westlake Chemical Corp’s price movement after its last earnings report?
Westlake Chemical Corp reported an EPS of $0.72 in its last earnings report, missing expectations of $0.906. Following the earnings report the stock price went down -7.861%.
Which hedge fund is a major shareholder of Westlake Chemical Corp?
Among the largest hedge funds holding Westlake Chemical Corp’s share is Gotham Asset Management LLC. It holds Westlake Chemical Corp’s shares valued at 2M.
---
Westlake Chemical Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$160.00 (6.55% Upside)
$160.00 (6.55% Upside)
Blogger Sentiment
Bullish
WLK Sentiment 66%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Decreased
By 27.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 1.8%
Last 30 Days ▼ 9.3%
Last 30 Days ▼ 9.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.98%
12-Months-Change
Fundamentals
Return on Equity
4.72%
Trailing 12-Months
Asset Growth
2.36%
Trailing 12-Months
Company Description
Westlake Chemical Corp
Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window, and door components, film, and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.
---
WLK Company Deck
---
WLK Earnings Call
Q4 2024
0:00 / 0:00
---
WLK Stock 12 Months Forecast
Average Price Target
$160.00
▲(6.55% Upside)
Technical Analysis
Best Analysts Covering WLK
1 Year
1 Year Success Rate
21/24 ratings generated profit
1 Year Average Return
+20.41%
reiterated a buy rating 7 days ago
Copying Michael Sison's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +20.41% per trade.
---