Westlake Chemical Stock News

Westlake Chemical Corp (WLK) shares closed today at 0.4% below its 52 week high of $107.68, giving the company a market cap of $13B. The stock is currently up 10.4% year-to-date, up 24.9% over the past 12 months, and up 89.1% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.3%. Trading Activity Trading volume this week was 5.7% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 42.1% The company's stock price performance over the past 12 months lags the peer average by -29.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -13.4% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Here is how Westlake Chemical (WLK) and United States Steel (X) have performed compared to their sector so far this year.

Westlake (WLK) benefits from strong demand for its products on continued global economic expansion, higher pricing and synergies of acquisitions.

WLK, ABG, and STC made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 4, 2022

Brokerages predict that Westlake Chemical Co. (NYSE:WLK) will post $4.52 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Westlake Chemicals earnings. The lowest EPS estimate is $2.45 and the highest is $5.72. Westlake Chemical posted earnings of $0.87 per share during the same quarter []

Westlake Chemical (NYSE:WLK) had its price objective trimmed by The Goldman Sachs Group from $123.00 to $110.00 in a report published on Wednesday morning, Analyst Price Targets reports. The firm currently has a neutral rating on the specialty chemicals companys stock. A number of other brokerages have also recently commented on WLK. Wells Fargo & []

Goldman Sachs Stick to Their Hold Rating for Westlake Chemical Corp

Westlake Chemical (NYSE:WLK) had its target price dropped by investment analysts at The Goldman Sachs Group from $123.00 to $110.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a neutral rating on the specialty chemicals companys stock. The Goldman Sachs Groups price target would indicate a []

Strs Ohio cut its holdings in shares of Westlake Chemical Co. (NYSE:WLK) by 14.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,171 shares of the specialty chemicals companys stock after selling 6,060 shares during the quarter. Strs Ohios holdings []

Westlake's (WLK) subsidiary, NAPCO, launches a breakthrough molecular PVC pipe to lower carbon footprint and offer innovation.

Westlake (WLK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Koshinski Asset Management Inc. acquired a new stake in shares of Westlake Chemical Co. (NYSE:WLK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 517 shares of the specialty chemicals companys stock, valued at approximately $41,000. A number of other institutional investors have also recently bought and sold []

Westlake Chemical is a chemical company active in polymers and chemicals for the construction industry, among other things.

Metropolitan Life Insurance Co NY purchased a new position in Westlake Chemical Co. (NYSE:WLK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,007 shares of the specialty chemicals companys stock, valued at approximately $91,000. Other hedge funds and []