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Tuesday, March 21, 2023

Westlake Corporation (NYSE: WLK) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Westlake Corporation (WLK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $113.72. The Westlake Corporation has recorded 20,874 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Westlake Epoxy Receives EcoVadis Platinum Award Recognizing its Sustainability Efforts.

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Stocks Info

Westlake Corporation is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $113.72 and fluctuated between $119.14 as its day high and $113.43 as its day low. The current market capitalization of Westlake Corporation is $14.25B. A total of 0.69 million shares were traded on the day, compared to an average of 539.99K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, WLK has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 55,308 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 31 SELLs from insiders. Insiders purchased 166,942 shares during that period but sold 120,963.

In the most recent transaction, Buesinger Robert F. sold 1,000 shares of WLK for 98.94 per share on Aug 31. After the transaction, the EVP, HIP, IT & Digital now owns 10,208 company shares. In a previous transaction on Aug 26, Zoeller Johnathan Stevan sold 542 shares at 107.08 per share. WLK shares that VP & Chief Accounting Officer owns now total 543.

Among the insiders who sold shares, Buesinger Robert F. disposed of 14,427 shares on May 27 at a per-share price of $129.47. This resulted in the EVP, HIP, IT & Digital holding 11,780 shares of WLK after the transaction. In another insider transaction, Chao Albert sold 37,876 shares at $130.38 per share on May 19. Company shares held by the President & CEO now total 472,983.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Westlake Corporation pays an annual dividend of $1.43, resulting in a dividend yield of 1.26%, and it has a price to earnings (P/E) ratio of 6.57. WLK’s most recent ex-dividend date was 2/28/2023 when it declared a $0.3570 quarterly dividend that was paid in cash on 3/16/2023. Previously, the company paid the dividend on 12/9/2022 with an ex-dividend date of 11/23/2022. The WLK stock dividend was $0.3570 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for WLK in the last 3 months, the mean price target is $122.21 with high estimates of $142.00 and low estimates of $100.00. In terms of 52-week highs and lows, WLK has a high of $141.19 and a low of $81.29.

As of this writing, WLK has an earnings estimate of $2.28 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.73 per share and a lower estimate of $1.86. The company reported an EPS of $6.65 in the last quarter, which was 11.20% higher than expectations of $5.98.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 20 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 Sell with a score of 2.85. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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