Westlake Chemical Corporation, together with its subsidiaries, manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Vinyls and Olefins. The Vinyls segment provides specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, ethylene dichloride, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also manufactures and sells PVC compounds and building products fabricated from PVC, including residential siding, trim and molding, pipe and fittings for various water, sewer and industrial applications, profiles for windows and doors, decking products, films for various inflatables, wall covering tapes, roofing applications, and composite roof tiles. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products. Westlake Chemical Corporation offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses in various consumer and industrial markets, such as flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, and residential and commercial construction, as well as other durable and non-durable goods. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.
IPO Year: 2004
Exchange: NYSE
Website: westlake.com
Date | Price Target | Rating | Analyst |
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4/18/2024 | $138.00 → $174.00 | Hold → Buy | Deutsche Bank |
4/8/2024 | $154.00 | Buy → Hold | Vertical Research |
1/2/2024 | Sell → Hold | Tudor, Pickering, Holt & Co. | |
10/18/2023 | $142.00 → $129.00 | Neutral → Underperform | BofA Securities |
10/3/2023 | Underweight → Sector Weight | KeyBanc Capital Markets | |
8/8/2023 | $120.00 → $123.00 | Neutral → Underweight | JP Morgan |
6/14/2023 | $114.00 | Neutral | Citigroup |
5/9/2023 | $112.00 → $108.00 | Hold → Sell | Tudor, Pickering, Holt & Co. |
4/17/2023 | $142.00 → $134.00 | Buy → Neutral | BofA Securities |
4/12/2023 | $140.00 | Neutral → Overweight | Piper Sandler |
Deutsche Bank upgraded Westlake Corporation from Hold to Buy and set a new price target of $174.00 from $138.00 previously
Vertical Research downgraded Westlake Corporation from Buy to Hold and set a new price target of $154.00
Tudor, Pickering, Holt & Co. upgraded Westlake Corporation from Sell to Hold
BofA Securities downgraded Westlake Corporation from Neutral to Underperform and set a new price target of $129.00 from $142.00 previously
KeyBanc Capital Markets upgraded Westlake Corporation from Underweight to Sector Weight
JP Morgan downgraded Westlake Corporation from Neutral to Underweight and set a new price target of $123.00 from $120.00 previously
Citigroup initiated coverage of Westlake Corporation with a rating of Neutral and set a new price target of $114.00
Tudor, Pickering, Holt & Co. downgraded Westlake Corporation from Hold to Sell and set a new price target of $108.00 from $112.00 previously
BofA Securities downgraded Westlake Corporation from Buy to Neutral and set a new price target of $134.00 from $142.00 previously
Piper Sandler upgraded Westlake Corporation from Neutral to Overweight and set a new price target of $140.00
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UBS analyst Joshua Raskin maintains Westlake (NYSE:WLK) with a Neutral and lowers the price target from $172 to $160.
Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have caused material injury to the European epoxy
Barclays analyst Michael Leithead maintains Westlake (NYSE:WLK) with a Equal-Weight and raises the price target from $160 to $162.
Citigroup analyst Patrick Cunningham maintains Westlake (NYSE:WLK) with a Neutral and raises the price target from $162 to $168.
Citigroup analyst Patrick Cunningham maintains Westlake (NYSE:WLK) with a Neutral and raises the price target from $162 to $168.
In the latest quarter, 8 analysts provided ratings for Westlake (NYSE:WLK), showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 1 3 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $165.12, a high estimate of $180.00, and a low estimate of $153.00. Surpassing the previous average price target of $146.00, the current average has in
RBC Capital analyst Arun Viswanathan reiterates Westlake (NYSE:WLK) with a Sector Perform and maintains $158 price target.
The expansion plan includes the addition of a 190,000 square-foot facility to the existing site situated at 3348 Industrial Drive, leveraging the region's strategic geographic location in the heart of the United States. Construction is currently slated to begin by the end of 2024.
Calgary, AB, April 06, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (NOVA Chemicals) today announced the appointment of Mr. Roger Kearns as President and Chief Executive Officer, effective June 12, 2023. Mr. Kearns most recently served as the Chief Operating Officer of Westlake Corporation, the global diversified manufacturer of essential products (NYSE:WLK) with 15,000 employees, which recorded net sales of USD $15.8bn and annual net income of USD $2.2bn in 2022. Mr. Kearns succeeds Mr. Danny Dweik, who has served as interim President and CEO of NOVA Chemicals since October 2022. Mr. Dweik will remain a member of NOVA's Board of Directors and return to his role as Head of Industr
Jean-Marc Gilson, Experienced Chemicals Industry Executive, Appointed Director, President and CEO Albert Chao and James Chao to Remain Actively Engaged as Executive Chairman and Senior Chairman of the Board, Respectively Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (NYSE:WLKP), today announced that Jean-Marc Gilson, who most recently served as President and Chief Executive Officer of Mitsubishi Chemical Group Corporation, has been appointed to serve as President and Chief Executive Officer and to the Board of Directors of Westlake Chemical Partners GP LLC (the "Board"). Jean-Marc Gilson succeeds Albert Chao who will transition to become Executi
Jean-Marc Gilson, Experienced Chemicals Industry Executive, Appointed President and CEO Albert Chao and James Chao to Remain Actively Engaged as Executive Chairman and Senior Chairman of the Board, Respectively Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced that Jean-Marc Gilson, who most recently served as President and Chief Executive Officer of Mitsubishi Chemical Group Corporation, has been appointed by the Board of Directors to serve as President and Chief Executive Officer of Westlake. Jean-Marc Gilson succeeds Albert Chao, who will transition to become Executive Chairman of the Westlake Board of Directors. James Chao, the current Chairman of the Boa
Westlake Vinnolit won the PVC category of the 2024 ‘Polymer Producer Awards' by the Polymers for Europe Alliance (PEA), applying PEA criteria focused on delivery reliability, circularity, quality, communication, innovation and commitment to the European Market. Westlake Vinnolit also won PEA's ‘Overall Award – Decarbonization', in recognition of the company's achievements in the field of CO2-saving PVC resins. This year, a particularly large number of plastics converters took part in the annual polymer producers' assessment sponsored by the Polymers for Europe Alliance. All polymers users in Europe had until mid-May to vote and rate their polymer suppliers' performance during the pas
CLAYTON, Mo., July 1, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have c
Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE:WLK), today announced the company has invested in the Blackhorn Industrial Impact Fund II. The fund seeks to invest in 40 capital-efficient companies enabling the decarbonization of the toughest-to-transition sectors in the U.S. economy. Westlake's action builds upon the company's commitment to helping develop a more sustainable future through continuous improvement of its own manufacturing as well as strategic investments in innovative technologies and startup firms. The fund is managed by Blackhorn Ventures, a Colorado-based, thesis-driven, resource-efficiency industrial innovation investment company that focuses in
Westlake Royal Building Products™ ("Westlake Royal"), a Westlake company (NYSE:WLK), has announced the introduction of four new, on-trend colors to the Mid-America® shutters line. Complementing current trends in siding colors, the four new, on trend colors—Treated Cedar, Platinum, French Roast and Storm Cloud—enhance the Mid-America shutters line, including open louver, raised panel, board & batten and louver/panel combo shutters. "Shutters give homes a distinctive appearance, elevating their curb appeal and charm through accurate architectural designs and vibrant colors. Beyond simply complementing windows, they contribute an additional layer of beauty and vibrancy to a home's overall
Westlake Global Compounds announced a significant enhancement to its logistics and customer service offerings: real-time shipment tracking in collaboration with leading supply chain visibility platform FourKites®. FourKites' innovative technology and market-leading data quality are set to transform the way Westlake Global Compounds services its clients across North America. In addition to the company's innovative solutions, including custom stocking programs and specialty packaging, the company will now leverage FourKites' real-time supply chain visibility to predict and prevent disruptions to its shipments. Westlake Global Compounds, a business unit of Westlake Corporation (NYSE:WLK), is
Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), will showcase its Be Boundless™ campaign, top industry trends and new product innovations at the Pacific Coast Builders Conference (PCBC) in Anaheim, California on June 19-20, 2024. Westlake Royal Building Products' booth, located at #703, will highlight the rich legacy, innovative design and boundless possibilities of Westlake Royal's portfolio of industry-leading brands, including Eldorado Stone®, Cultured Stone®, Dutch Quality Stone®, Newpoint® Concrete Roof Tile, DaVinci® Roofscapes, US Tile® Clay Roofing Products, Unified Steel® Stone Coated Roofing, Atlantic Premium Shutters®, Celect® Cellular Composi
Updates Full-Year 2024 Outlook for Housing and Infrastructure Products Westlake Corporation (NYSE:WLK) will host a teach-in today focused on its Housing and Infrastructure Products ("HIP") businesses beginning at 9:00 AM Eastern Time. The event will include formal presentations and a Q&A panel session with senior leadership and is expected to conclude around 1:00 PM Eastern Time. During the event, Albert Chao, President and Chief Executive Officer; Steve Bender, Executive Vice President and Chief Financial Officer; Robert Buesinger, Executive Vice President – Housing & Infrastructure Products, IT & Digital; and the leaders of Westlake Royal Building Products, Westlake Pipe & Fittings, a
Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), will showcase its Be Boundless™ campaign, top industry trends and new product innovations at the AIA Conference on Architecture & Design 2024 (AIA24) in Washington D.C. on June 5-8, 2024. Westlake Royal Building Products' booth, located at #2801, will highlight the rich legacy, innovative design and boundless possibilities of Westlake Royal's portfolio of industry-leading brands, including Celect® Cellular Composite Siding, Cedar Renditions™ aluminum siding, Foundry® Specialty Siding, TruExterior® Siding & Trim, Versetta Stone®, Newpoint® Concrete Roof Tile, DaVinci Roofscapes®, US Tile® Clay Roofing Produc
CLAYTON, Mo., July 1, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have c
Record first quarter Housing and Infrastructure Products (HIP) income from operations of $210 million with a 20% operating income margin HIP EBITDA of $264 million rose 29% year-over-year with a record first quarter EBITDA margin of 25% PEM sales volume grew 3% sequentially from gradual demand recovery with stable average sales prices Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced first quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended March 31, 2024 Three Months Ended December 31, 2023 Three Months End
Westlake Corporation (NYSE:WLK) will release its first quarter 2024 earnings prior to the market opening on Wednesday, May 1, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI6dd9f6d378244f26a329eb8dfb3d39ae. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/b4szy7np and the earnings rele
Record Housing and Infrastructure Products (HIP) annual income from operations of $710 million with a 17% income from operations margin and a 23% EBITDA margin Generated $2.3 billion of net cash from operating activities and $1.3 billion of free cash flow in 2023 Performance and Essential Materials (PEM) results impacted by Identified Items totaling $625 million Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced fourth quarter and full year 2023 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data and percentages) Three Months Ended Twelve Months Ended Decem
Westlake Corporation (NYSE:WLK) will release its fourth quarter and full year 2023 earnings prior to the market opening on Tuesday, February 20, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BIb0686f53c7f44babb49b408c59ec0d23. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/fg9k946y an
Record Housing and Infrastructure Products segment income from operations of $256 million Record Housing and Infrastructure Products segment EBITDA of $327 million Net cash provided by operating activities of $696 million and free cash flow of $451 million Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced third quarter 2023 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data) Three Months Ended September 30, 2023 Three Months Ended June 30, 2023 Three Months Ended September 30, 2022 Westlake Corpora
Westlake Corporation (NYSE:WLK) will release its third quarter 2023 earnings prior to the market opening on Thursday, November 2, 2023. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BIf37d4bda7ce244168b3b62b894d43e67. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/5953h5g5 and the earnings
Housing and Infrastructure Products segment provided earnings stability Cash from operations of $555 million and free cash flow of $315 million Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced second quarter 2023 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data) Three Months Ended June 30, 2023 Three Months Ended March 31, 2023 Three Months Ended June 30, 2022 Westlake Corporation Net sales $ 3,251 $ 3,356
Westlake Corporation (NYSE:WLK) will release its second quarter 2023 earnings prior to the market opening on Thursday, August 3, 2023. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI54f3177dd32545529addfd538d503bd8. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/qupkib59 and the earnings r
Net income of $394 million increased 70% from fourth quarter 2022 Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced first quarter 2023 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data) Three Months Ended March 31, 2023 Three Months Ended December 31, 2022 Three Months Ended March 31, 2022 Westlake Corporation Net sales $ 3,356 $ 3,299 $ 4,056 Income from operations $