WLK - Westlake Chemical Corporation
| Previous Close | 64.33 |
| Open | 64.27 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 64.01 - 67.41 |
| 52 Week Range | 57.20 - 112.85 |
| Volume | 1,313,017 |
| Avg. Volume | 991,868 |
| Market Cap | 8.546B |
| Beta (3Y Monthly) | 1.35 |
| PE Ratio (TTM) | 11.12 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.00 (1.55%) |
| Ex-Dividend Date | 2019-05-28 |
| 1y Target Est | N/A |
- Insider Monkey•4 days ago
Here’s What Hedge Funds Think About Westlake Chemical Corporation (WLK)
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
- Zacks•13 days ago
Westlake Chemical's (WLK) Unit Acquires DaVinci Roofscapes
Westlake Chemical's (WLK) subsidiary Royal Building's buyout complements its existing premium products.
- Simply Wall St.•17 days ago
Why Westlake Chemical Corporation (NYSE:WLK) Should Be In Your Dividend Portfolio
Dividend paying stocks like Westlake Chemical Corporation (NYSE:WLK) tend to be popular with investors, and for good...
- Zacks•23 days ago
Why Is Westlake (WLK) Down 4.4% Since Last Earnings Report?
Westlake (WLK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.•last month
Does Westlake Chemical Corporation's (NYSE:WLK) CEO Pay Compare Well With Peers?
Albert Chao has been the CEO of Westlake Chemical Corporation (NYSE:WLK) since 2004. First, this article will compare...
- Thomson Reuters StreetEvents•last month
Edited Transcript of WLK earnings conference call or presentation 2-May-19 3:00pm GMT
Q1 2019 Westlake Chemical Corp Earnings Call
- Reuters•last month
Lotte Chemical's U.S. ethane cracker to start commercial operations in May
Lotte Chemical Corp said on Friday that its U.S. ethane cracker in Louisiana is expected to commence commercial operations within May. With the commencement of the plant, the South Korean company hopes to boost its cost competitiveness by diversifying away from mainly naphtha as a feedstock to make ethylene, a key ingredient for petrochemical products, it said in a statement. Lotte Chemical's U.S. ethane cracker is a joint venture with Axiall Corp, which is now merged with Westlake Corp. Lotte owns an 88 percent in the plant, while Westlake Corp holds the remainder.
- Zacks•2 months ago
Westlake Chemical (WLK) Earnings & Sales Lag Estimates in Q1
Lower sales prices for major products affect Westlake Chemical's (WLK) Q1 results.
- Markit•2 months ago
See what the IHS Markit Score report has to say about Westlake Chemical Corp.
Westlake Chemical Corp NYSE:WLKView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for WLK with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.03 billion over the last one-month into ETFs that hold WLK are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Simply Wall St.•2 months ago
Why Westlake Chemical Corporation (NYSE:WLK) Could Be Your Next Investment
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Attractive stocks have exceptional fundamentals. In the case of Westlake Chemical Corporatio...
Motley Fool•2 months agoWestlake Chemical Corp (WLK) Q1 2019 Earnings Call Transcript
WLK earnings call for the period ending March 31, 2019.
- Motley Fool•2 months ago
Why Shares of Westlake Chemical Dropped on Thursday
High feedstock costs and geopolitical tensions conspired to sink the company's quarterly results.
- Zacks•2 months ago
Westlake Chemical (WLK) Q1 Earnings and Revenues Miss Estimates
Westlake (WLK) delivered earnings and revenue surprises of -31.88% and -2.66%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•2 months ago
Westlake: 1Q Earnings Snapshot
On a per-share basis, the Houston-based company said it had net income of 55 cents. Earnings, adjusted for amortization costs and restructuring costs, came to 94 cents per share. The results fell short ...
- Associated Press•2 months ago
Westlake Chemical Partners: 1Q Earnings Snapshot
On a per-share basis, the Houston-based company said it had profit of 46 cents. The ethylene producer posted revenue of $299.1 million in the period. Westlake Chemical Partners shares have fallen slightly ...
Market Realist•2 months agoLyondellBasell’s Q1 Earnings Beat Estimates, but Revenue Fell
How Did 3M and LyondellBasell Fare in the First Quarter?LyondellBasell’s 2019 first-quarter revenuesOn April 26, LyondellBasell (LYB) reported its 2019 first-quarter earnings. It reported adjusted EPS of $2.22, a decrease of 28.0% on a YoY basis.
- Zacks•2 months ago
Westlake Chemical (WLK) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Westlake (WLK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.•2 months ago
A Look At The Fair Value Of Westlake Chemical Corporation (NYSE:WLK)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Westlake Chemical Corporation (NYSE:WLK) as an investment opportunity by taking the expected future cash flows and discounting them to...
- InvestorPlace•2 months ago
Analyst Note Fosters Doubts About Dow Inc Stock
Shares of the now-independent Dow Inc (NYSE:DOW) declined on Friday for the first time since the company was spun off . The Midland, Michigan-based manufacturer of chemicals saw its stock fall on a bearish initiation by an analyst. After Dow Inc stock rose for three straight days, investors may have had good reasons to doubt the shares.Source: Shutterstock But investors should remember that the initiation contrasts with the analyses of numerous others on the Street. And while it remains unclear how the bearish evaluation will affect DOW stock in the longer run, the note should remind investors to compare Dow Inc stock to its peers. The InitiationDow Inc stock fell by $2.47 per share to $57.24 per share on Friday, representing a 4.14% decline for the day. At that point, Dow stock had only traded four days since completing its spinoff from DowDuPont (NYSE:DWDP).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Dow Jones Stocks Holding the Blue Chip Index Back Shares fell after JPMorgan analyst Jeffrey Zekauskas started Dow Inc stock with an "underweight" rating. He set a $49 price target on Dow Inc stock, which would represent a discount of around 12.5% from its current levels. The stock has now received a rating from 17 analysts, and Zekauskas became the first analyst to make a bearish call on DOW stock.In his report, he noted that DOW has a higher dividend than its peers. According to Zekauskas, DOW's 2019 dividend will be equal to 25% of its EBITDA. That implies a yield of about 4.7%. Dow's peers, LyondellBasell Industries (NYSE:LYB) and Westlake Chemical (NYSE:WLK), have lower yields, he wrote. Dow Inc Stock Trades at a Higher Multiple Than Its PeersIt remains unclear whether Dow Inc stock will fall to the $49-per-share level. Still, Zekaukas makes some important points in his report. The forward earnings multiple of Dow Inc stock, based on analysts' average 2019 EPS estimate, is 9.9. LYB stock trades at around 7.8 times its estimated forward earnings, while the forward PE of WLK stock stands at about 8.9.Moreover, Dow Inc stock has returned to trading as an independent company after briefly teaming up with DuPont. At this point, I think traders need more time to fully assess DOW stock. Dividend DangersTraders might overlook these concerns due to Dow's high dividend yield. Unfortunately, investors have good reason to hold doubts about the payout.DowDuPont slashed its dividends in 2017 and 2018 after increasing them annually for years. Conversely, after Abbott Laboratories (NYSE:ABT) and AbbVie (NYSE:ABBV) broke up, they continued their decades-long tradition of yearly payout hikes. As a result , Dow Inc stock will not have a "dividend aristocrat" streak (meaning 25 or more years of annual dividend increases) that it can use to attract investors.For this reason, investors in the chemicals space might see better returns from LyondellBasell stock. LYB trades at a substantially lower forward PE ratio than Dow Inc stock. And despite the fact that LYB's 4.4% dividend yield is slightly lower than that of DOW, LYB has increased its annual payouts for seven straight years. So the outlook of LYB stock's dividends is more certain at this time. Concluding Thoughts on Dow Inc StockThe analyst's initiation has reminded investors to compare Dow Inc stock to its peers before buying DOW stock. But Zekauskas' bearish initiation goes against the grain. For this reason, investors should not simply assume that DOW will fall to $49 per share.However, the analyst argument that DOW may not compare well to its peers is solid. Moreover, DOW stock has only traded for a few days since it again became an independent company. Investors may need more time to develop a deeper understanding of DOW stock before buying the shares. Until the path pf Dow Inc stock becomes clearer, investors should probably look to other equities in the chemicals space.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Analyst Note Fosters Doubts About Dow Inc Stock appeared first on InvestorPlace.
- Market Realist•2 months ago
Celanese: Lori Ryerkerk Is the New CEO
Celanese and PPG Industries Announced New AppointmentsCelanese’s leadership changesIn a press release on April 8, Celanese (CE) announced changes in its top leadership. Celanese said that Mark Rohr, its chairman and CEO, will be the
Market Realist•3 months agoA. Schulman Announced a Convertible Special Stock Dividend
Chemical Companies: Key Highlights Last Week(Continued from Prior Part)Convertible special stock dividendIn a press on April 3, A. Schulman, LyondellBasell’s (LYB) subsidiary, declared a quarterly dividend of $15.00 per share for the holders of
- Simply Wall St.•3 months ago
If You Had Bought Westlake Chemical (NYSE:WLK) Stock Three Years Ago, You Could Pocket A 68% Gain Today
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! By buying an index fund, investors can approximate the average market return. But if you pick the right individual stock...
- MarketWatch•3 months ago
Dow's stock falls after J.P. Morgan takes 1st bearish stance
Shares of Dow Inc. fell 0.9% in premarket trade Friday, after J.P. Morgan analyst Jeffrey Zekauskas took a bearish stance on the newly-independent materials science company citing relative valuation concerns. Zekauskas initiated coverage with an underweight rating and stock price target of $49, which is 18% below Thursday's closing price of $59.71, which makes him the only analyst of the 17 covering the company that is bearish, according to FactSet. Dow, which was spun off from DowDuPont Inc. and became a Dow Jones Industrial Average component this week. Zekauskas said he believes Dow trades at a premium to its peers, which he sees as LyondellBasel Industries N.V. and Westlake Chemical Corp. , because of its larger dividend. "We do not believe that that Dow would maintain its multiple premium versus other North American petrochemical companies were the possibility of a recession meaningful," Zekauskas wrote in a note to clients. "The risk to the Dow share price is, for this reason, larger than that of the price risk of the other petrochemical companies as Dow could well lose the dividend premium it receives currently."
