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Wednesday, December 6, 2023

This Is Too Hot For Westlake Corporation (NYSE: WLK), Let’s Take A Closer Look

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. After-hours trades for Westlake Corporation (WLK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.46, or 1.21%, to $122.45. The Westlake Corporation has recorded 5,114 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Westlake Corporation Reports Third Quarter 2023 Results.

Stocks Info

As a NYSE listed company, WLK falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $120.99 and fluctuated between $124.67 as its day high and $118.25 as its day low. The current market capitalization of Westlake Corporation is $15.45B. A total of 0.96 million shares were traded on the day, compared to an average of 467.08K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WLK has seen 25 BUY and 17 SELL insider trades, representing the acquisition of 417,930 and the disposition of 428,232 shares. Over the last 12 months, there were 45 BUYs and 39 SELLs from insiders. Insiders purchased 524,376 shares during that period but sold 459,546.

In the most recent transaction, Chao David Tsung-Hung sold 1,000 shares of WLK for 131.00 per share on Aug 23. After the transaction, the Director now owns 10,148 company shares.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Westlake Corporation pays an annual dividend of $1.36, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 11.81. WLK’s most recent ex-dividend date was 8/24/2023 when it declared a $0.3570 quarterly dividend that was paid in cash on 9/12/2023. Previously, the company paid the dividend on 6/8/2023 with an ex-dividend date of 5/22/2023. The WLK stock dividend was $0.3570 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. According to analysts who have offered 12-month price targets for WLK in the last 3 months, the mean price target is $135.00 with high estimates of $175.00 and low estimates of $108.00. In terms of 52-week highs and lows, WLK has a high of $138.39 and a low of $87.93.

As of this writing, WLK has an earnings estimate of $1.97 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.4 per share and a lower estimate of $1.23. The company reported an EPS of $3.05 in the last quarter, which was 42.50% higher than expectations of $2.14.

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 $5.18B in debt and $2.34B in liabilities at the time. Its Book Value Per Share was $82.58, 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 3.08.

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