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Westlake Chemical Corp (WLK)
NYSE:WLK
Westlake Chemical (WLK) Stock Price & Analysis
471 Followers
WLK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$111.57 - $162.12
Previous Close$146.65
Volume563.99K
Average Volume (3M)480.45K
Market Cap
$18.85B
Enterprise Value$21.78B
Total Cash (Recent Filing)$3.11B
Total Debt (Recent Filing)$5.51B
Price to Earnings (P/E)73.9
Beta1.22
Next Earnings
Jul 30, 2024EPS Estimate
$1.98Last Dividend Ex-Date
May 20, 2024Dividend Yield1.36%
Share Statistics
EPS (TTM)1.98
Shares Outstanding128,569,968
10 Day Avg. Volume704,702
30 Day Avg. Volume480,453
Standard Deviation0.10
R-Squared0.43
Alpha0.00832
Financial Highlights & Ratios
Price to Book (P/B)2.80
Price to Sales (P/S)1.52
Price to Cash Flow (P/CF)8.30
P/FCF Ratio14.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.79
Enterprise Value/Gross Profit9.82
Enterprise Value/Ebitda11.36
Forecast
1Y Price Target
$167.50Price Target Upside14.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Westlake Chemical News
PremiumCompany Announcements
Westlake Chemical Announces Major Leadership Restructuring
PremiumCompany Announcements
Westlake Chemical Pursues Epoxy Resin Anti-Dumping Inquiry in EU
PremiumCompany Announcements
Westlake Chemical Hosts Insightful Investor Presentation EventBulls Say, Bears Say
Bulls Say
Financial PerformanceThe scale of the platform and balance sheet strength should facilitate M&A 'drop ins' that further drive growth.
Management StrategyManagement hosted a deep dive on the HIP business, showcasing the opportunities to drive the platform going forward as well as the benefits of having a combined HIP/PEM portfolio.
Market DemandThe company noted a continuation of recent strong demand supported by solid HIP backlog order volumes for most product categories.
Bears Say
EarningsPEM segment EBITDA declined 59% y-o-y due to lower average sales price for most of the company's major products, particularly caustic soda and epoxy resin.
Market DemandGrowth is constrained by continuing weak end market demand and low-priced Asian imports in some product categories and geographies.
Product DemandChlor alkali demand remains soft overall.
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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 $111.57 and its highest was $162.12 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 Jul 30, 2024 which is in 9 days.
How were Westlake Chemical Corp’s earnings last quarter?
Westlake Chemical Corp released its earnings results on May 01, 2024. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.033 by $0.307.
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 1.36%. See more information on Westlake Chemical Corp dividends here
What is Westlake Chemical Corp’s EPS estimate?
Westlake Chemical Corp’s EPS estimate is $1.98.
How many shares outstanding does Westlake Chemical Corp have?
Westlake Chemical Corp has 128,569,960 shares outstanding.
What happened to Westlake Chemical Corp’s price movement after its last earnings report?
Westlake Chemical Corp reported an EPS of $1.34 in its last earnings report, beating expectations of $1.033. Following the earnings report the stock price went up 1.239%.
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 3M.
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Westlake Chemical Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$167.50 (14.44% Upside)
$167.50 (14.44% Upside)
Blogger Sentiment
Bullish
WLK Sentiment 66%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 4.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.14%
12-Months-Change
Fundamentals
Return on Equity
2.49%
Trailing 12-Months
Asset Growth
0.74%
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.
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WLK Company Deck
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WLK Earnings Call
Q1 2024
0:00 / 0:00
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WLK Stock 12 Month Forecast
Average Price Target
$167.50
▲(14.44% Upside)
Technical Analysis
Best Analysts Covering WLK
1 Year
1 Year Success Rate
22/26 ratings generated profit
1 Year Average Return
+17.32%
reiterated a buy rating 11 days ago
Copying Michael Sison's trades and holding each position for 1 Year would result in 84.62% of your transactions generating a profit, with an average return of +17.32% per trade.
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