Analysts Point To Westlake Corporation (NYSE: WLK) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, WLK falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. The current market capitalization of Westlake Corporation is $19.33B. A total of 0.57 million shares were traded on the day, compared to an average of 454.56K shares.

In the most recent transaction, Janssens Thomas J. bought 14,864 shares of WLK for 149.48 per share on Aug 23 ’24. In a previous transaction on Aug 16 ’24, Chao Albert bought 45,298 shares at 145.00 per share.

Among the insiders who sold shares, Buesinger Robert F. disposed of 3,500 shares on May 09 ’24 at a per-share price of $158.50. This resulted in the EVP, HIP, IT & Digital holding 17,644 shares of WLK after the transaction. In another insider transaction, Bender Mark Steven sold 4,950 shares at $152.19 per share on May 03 ’24. Company shares held by the EVP & CFO now total 40,356.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Westlake Corporation pays an annual dividend of $2.02, resulting in a dividend yield of 1.35%, and it has a price to earnings (P/E) ratio of 72.12. WLK’s most recent ex-dividend date was 8/20/2024 when it declared a $0.5250 quarterly dividend that was paid in cash on 9/5/2024. Previously, the company paid the dividend on 6/6/2024 with an ex-dividend date of 5/20/2024. The WLK stock dividend was $0.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, WLK has a high of $162.64 and a low of $112.77.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. WLK’s latest balance sheet shows that the firm has $1.91B in Cash & Short Term Investments as of fiscal 2021. There were $5.64B in debt and $2.34B in liabilities at the time. Its Book Value Per Share was $82.23, while its Total Shareholder’s Equity was $8.53B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WLK is Buy with a score of 3.40.

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