What Are The Chances Of Westlake Corporation (NYSE: WLK) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Westlake to Host Housing & Infrastructure Products-Focused Investor Event.

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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. At the end of the last regular session, the stock closed at $146.79 and fluctuated between $147.81 as its day high and $141.68 as its day low. The current market capitalization of Westlake Corporation is $18.82B. A total of 1.24 million shares were traded on the day, compared to an average of 348.81K shares.

In the most recent transaction, Buesinger Robert F. sold 122 shares of WLK for 144.50 per share on Mar 13 ’24. After the transaction, the EVP, HIP, IT & Digital now owns 25,022 company shares. In a previous transaction on Mar 06 ’24, Bender Mark Steven sold 4,804 shares at 141.02 per share. WLK shares that EVP & CFO owns now total 45,306.

Among the insiders who sold shares, Bender Mark Steven disposed of 4,854 shares on Feb 26 ’24 at a per-share price of $137.57. This resulted in the EVP & CFO holding 50,110 shares of WLK after the transaction. In another insider transaction, Buesinger Robert F. sold 4,215 shares at $130.50 per share on Nov 15 ’23. Company shares held by the EVP, HIP, IT & Digital now total 16,754.

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 $1.86, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 39.74. WLK’s most recent ex-dividend date was 2/27/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 3/14/2024. Previously, the company paid the dividend on 12/6/2023 with an ex-dividend date of 11/20/2023. 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 $145.98 and a low of $103.09.

As of this writing, WLK has an earnings estimate of $1 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.35 per share and a lower estimate of $0.62. The company reported an EPS of $2.2 in the last quarter, which was 11.70% higher than expectations of $1.97.

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 $79.88, 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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