Westlake Chemical Stock Today
| WLK Stock | USD 148.94 0.35 0.24% |
Performance5 of 100
| Odds Of DistressLess than 6
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Westlake Chemical is selling for 148.94 as of the 19th of April 2024. This is a 0.24% increase since the beginning of the trading day. The stock's last reported lowest price was 148.21. Westlake Chemical has only a 6 % chance of going through financial distress over the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Westlake Chemical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Materials | IPO Date 11th of August 2004 | Category Basic Materials |
Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corp operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. The company has 128.51 M outstanding shares of which 1.51 M shares are at this time shorted by investors with about 3.91 days to cover. More on Westlake Chemical
Moving together with Westlake Stock
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| 0.76 | WTTR | Select Energy Services Financial Report 7th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Westlake Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Westlake Chemical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Westlake Chemical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Westlake Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Westlake Chemical's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Albert Chao | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Chemicals (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Commodity Chemicals, Specialty Chemicals, Basic Materials, NYSE Composite, SP Midcap 400, Chemicals, Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Westlake Chemical report their recommendations after researching Westlake Chemical's financial statements, talking to executives and customers, or listening in on Westlake Chemical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Westlake Chemical. The Westlake consensus assessment is calculated by taking the average forecast from all of the analysts covering Westlake Chemical. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Westlake Chemical's profitability, liquidity, and operating efficiency, Westlake Chemical may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Westlake Chemical is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Westlake Chemical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Westlake Chemical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Westlake Chemical's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Westlake Chemical's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Westlake Chemical's financial leverage. It provides some insight into what part of Westlake Chemical's total assets is financed by creditors.
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Westlake Chemical (WLK) is traded on New York Stock Exchange in USA. It is located in 2801 Post Oak Boulevard, Houston, TX, United States, 77056 and employs 15,520 people. Westlake Chemical is listed under Commodity Chemicals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 19.14 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Westlake Chemical's market, we take the total number of its shares issued and multiply it by Westlake Chemical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Westlake Chemical runs under Chemicals sector within Materials industry. The entity has 128.51 M outstanding shares of which 1.51 M shares are at this time shorted by investors with about 3.91 days to cover.
Westlake Chemical has about 2.23 B in cash with 2.34 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.94.
Check Westlake Chemical Probability Of Bankruptcy
Ownership AllocationWestlake Chemical owns a total of 128.51 Million outstanding shares. Westlake Chemical maintains majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 73.46 (%) of Westlake Chemical outstanding shares that are owned by insiders attests that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that almost two million five hundred seventy thousand two hundred twenty invesors are currently shorting Westlake Chemical expressing very little confidence in its future performance.
Check Westlake Ownership Details
Westlake Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Westlake Chemical jumping above the current price in 90 days from now is about 25.7%. The Westlake Chemical probability density function shows the probability of Westlake Chemical stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6477. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Westlake Chemical will likely underperform. Additionally, westlake Chemical has an alpha of 0.0643, implying that it can generate a 0.0643 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Westlake Chemical to move above the current price in 90 days from now is about 25.7 (This Westlake Chemical probability density function shows the probability of Westlake Stock to fall within a particular range of prices over 90 days) .
Westlake Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Westlake Chemical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Westlake Chemical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Westlake Chemical's value.| Instituion | Recorded On | Shares | |
| Goldman Sachs Group Inc | 2023-09-30 | 705.5 K | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-09-30 | 682.8 K | |
| Nuveen Asset Management, Llc | 2023-09-30 | 518.7 K | |
| Geode Capital Management, Llc | 2023-09-30 | 474.1 K | |
| First Trust Advisors L.p. | 2023-12-31 | 411.8 K | |
| Samlyn Capital, Llc | 2023-12-31 | 393.3 K | |
| Bank Of New York Mellon Corp | 2023-09-30 | 375.3 K | |
| Norges Bank | 2023-12-31 | 364.1 K | |
| Charles Schwab Investment Management Inc | 2023-09-30 | 344.6 K | |
| Fmr Inc | 2023-09-30 | 4.6 M | |
| Blackrock Inc | 2023-09-30 | 3.5 M |
Westlake Chemical Historical Income Statement
Westlake Chemical Income Statement is one of the three primary financial statements used for reporting Westlake's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Westlake Chemical revenue and expense. Westlake Chemical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Westlake Chemical's Total Operating Expenses is quite stable compared to the past year. Net Income is expected to rise to about 514.8 M this year, although the value of EBIT will most likely fall to about 775.4 M. View More FundamentalsWestlake Stock Against Markets
Picking the right benchmark for Westlake Chemical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Westlake Chemical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Westlake Chemical is critical whether you are bullish or bearish towards Westlake Chemical at a given time. Please also check how Westlake Chemical's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Westlake Chemical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Westlake Chemical Corporate Directors
Westlake Chemical corporate directors refer to members of a Westlake Chemical board of directors. The board of directors generally takes responsibility for the Westlake Chemical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Westlake Chemical's board members must vote for the resolution. The Westlake Chemical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jeffrey Sheets | Independent Director | Profile | |
| Robert Blakely | Independent Director | Profile | |
| John Chao | Director | Profile | |
| Max Lukens | Independent Director | Profile |
How to buy Westlake Stock?
Before investing in Westlake Chemical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Westlake Chemical. To buy Westlake Chemical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Westlake Chemical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Westlake Chemical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Westlake Chemical stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Westlake Chemical stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Westlake Chemical, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Westlake Stock please use our How to Invest in Westlake Chemical guide.
Already Invested in Westlake Chemical?
The danger of trading Westlake Chemical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Westlake Chemical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Westlake Chemical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Westlake Chemical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Westlake Chemical is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westlake Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westlake Chemical Stock. Highlighted below are key reports to facilitate an investment decision about Westlake Chemical Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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When running Westlake Chemical's price analysis, check to measure Westlake Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Westlake Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Westlake Chemical. If investors know Westlake will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Westlake Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Dividend Share 1.714 | Earnings Share 3.69 | Revenue Per Share 98.18 | Quarterly Revenue Growth (0.14) |
The market value of Westlake Chemical is measured differently than its book value, which is the value of Westlake that is recorded on the company's balance sheet. Investors also form their own opinion of Westlake Chemical's value that differs from its market value or its book value, called intrinsic value, which is Westlake Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Westlake Chemical's market value can be influenced by many factors that don't directly affect Westlake Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Westlake Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westlake Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westlake Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.