Westlake Chemical Corp (WLK) Stock Forecast & Predictions

Westlake Chemical Corp WLK: $91.29

2801 Post Oak Blvd Ste 600, Houston, Texas, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.westlake.com/

  • Market Cap$12.27B
  • Change (52 Weeks)152.61%
  • Low (52 Weeks)$35.46
  • Westlake Chemical Corp (WLK) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Westlake Chemical Corp (WLK) stock price is $91.29 and the 52 weeks low is $35.46, which means the Westlake Chemical Corp stock price is up 152.61% in the last 12 months.

    Westlake Chemical Corp (WLK) Stock Price has been Trending Strongly with an ADX reading of 35.32 as per the Weekly Chart.

    A Upward trend indicates that Westlake Chemical Corp (WLK) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that WLK Stock price might rise further, 31.25% indicating that WLK Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall WLK stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Westlake Chemical Corp (WLK) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Westlake Chemical Corp (WLK) is based on 23 Institutional Analyst Ratings where 26.09% are on Strong Buy, 13.04% on Moderate Buy, 43.48% remains on Hold, 0.00% are on Moderate Sell and 17.39% are on Strong Sell.

    Out of 23 Institutional Analysts, majority recommended WLK stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Westlake Chemical Corp.

    Westlake Chemical Corp (WLK) Stock Price Prediction By Analysts


    HighLowAverage
    $130.20$62.62$99.12
    $99.128.58% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for WLK set by the institutional analysts is $99.12 where High Estimate is $130.20, Median $98.94 and Low $62.62.

    The average price target for WLK by Institutional Analysts is $99.12, which is 8.58% Upside from the current price. So according to the Institutional Analysts, WLK Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Westlake Chemical Corp (WLK) Stock Forecast Based on News Sentiment


    Neutral
    Based on 4 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of WLK consisting of positive and negative, it shows that Westlake Chemical Corp had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so WLK stock price most likey won't have any reaction to last weeks news coverage.

    Westlake Chemical Corp (WLK) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    KeybancOverweightUpgraded
    Alembic GlobalOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    Wells FargoOverweightMaintained
    Deutsche BankHoldDowngraded
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesUnderperformMaintained
    ScotiaBankSector UnderperformDowngraded
    Deutsche BankBuyMaintained
    BMO CapitalMarket PerformMaintained
    CitigroupBuyUpgraded
    Wells FargoOverweightMaintained
    UBSSellMaintained
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesUnderweightMaintained
    Truist SecuritiesHoldMaintained
    CitigroupNeutralMaintained
    BMO CapitalMarket PerformMaintained
    UBSSellMaintained
    Wells FargoOverweightUpgraded
    CFRAHoldUpgraded
    UBSSellMaintained
    Wells FargoEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldMaintained
    RBC CapitalSector PerformMaintained
    CitigroupNeutralMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralMaintained
    CFRASellDowngraded
    JP MorganNeutralDowngraded
    SunTrust Robinson HumphreyHoldMaintained
    KeyBancSector WeightInitiated
    Wells FargoEqual-WeightMaintained
    BernsteinMarket PerformDowngraded
    UBSSellMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    B of A SecuritiesNeutralUpgraded
    JP MorganOverweightUpgraded
    BarclaysEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldMaintained
    RBC CapitalSector PerformMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralMaintained
    CFRAHoldDowngraded
    Wells FargoEqual-WeightMaintained
    Bank of AmericaUnderperformMaintained
    Wells FargoMarket PerformMaintained
    SunTrust Robinson HumphreyHoldDowngraded
    BMO CapitalMarket PerformMaintained
    Wells FargoMarket PerformInitiated
    CitiNeutralDowngraded
    NomuraReduceMaintained
    BMO CapitalMarket PerformMaintained
    NomuraReduceMaintained
    NomuraReduceDowngraded
    NomuraNeutralMaintained
    BarclaysEqual-WeightDowngraded
    Goldman SachsBuyUpgraded
    NomuraNeutralUpgraded
    BarclaysOverweightMaintained
    SusquehannaNeutralDowngraded
    NomuraReduceDowngraded
    Bank of AmericaBuyUpgraded
    NomuraNeutralMaintained
    BarclaysOverweightInitiated
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Tudor PickeringHoldDowngraded
    Cowen & Co.Market PerformDowngraded
    JP MorganNeutralMaintained
    NomuraBuyMaintained
    CitigroupBuyMaintained
    BernsteinOutperformInitiated
    JP MorganNeutralMaintained
    JP MorganNeutralDowngraded
    BMO CapitalMarket WeightInitiated
    Deutsche BankHoldMaintained
    UBSSellMaintained
    Bank of AmericaUnderperformDowngraded
    Wells FargoEqual-WeightInitiated
    Morgan StanleyEqual-WeightInitiated
    UBSSellMaintained
    NomuraBuyMaintained
    Bank of AmericaNeutralMaintained
    UBSSellMaintained
    Wells FargoOutperformMaintained
    CitigroupBuyInitiated
    Tudor PickeringHoldInitiated
    RBC CapitalOutperformUpgraded
    JP MorganOverweightMaintained
    SunTrust Robinson HumphreyBuyUpgraded
    JP MorganOverweightMaintained
    RBC CapitalSector PerformDowngraded
    Deutsche BankHoldMaintained
    Cowen & Co.OutperformMaintained
    Goldman SachsSellDowngraded
    JP MorganOverweightMaintained
    Bank of AmericaNeutralDowngraded
    JP MorganOverweightMaintained
    Bank of AmericaBuyMaintained
    RBC CapitalOutperformInitiated
    SunTrust Robinson HumphreyNeutralUpgraded
    JP MorganOverweightMaintained
    JP MorganOverweightUpgraded
    SusquehannaPositiveUpgraded
    Wells FargoOutperformUpgraded
    JP MorganNeutralDowngraded
    Cowen & Co.OutperformUpgraded
    JP MorganOverweightUpgraded
    UBSNeutralUpgraded
    Goldman SachsNeutralMaintained
    Goldman SachsNeutralDowngraded
    JP MorganNeutralMaintained
    UBSSellDowngraded
    UBSNeutralUpgraded
    UBSSellMaintained
    UBSSellMaintained

    Westlake Chemical Corp (WLK) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.944
    The average consensus EPS for WLK is $1.944 with a high estimate of $2.730 and Low of $0.892 for the period 2021-06-30 and based on 18 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.64$0.46756942020-09-30


    The latest average Earning Per Share Estimate for Westlake Chemical Corp is $1.94, which is higher than WLK's last EPS, $0.64. This means that Analysts are expecting Westlake Chemical Corp to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Westlake Chemical Corp.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.64$0.46756942020-09-30
    $0.11$0.00063632020-06-30
    $0.65$0.57140752020-03-31
    $0.37$0.87579122019-12-31
    $1.25$1.04361282019-09-30
    $0.93$0.90761632019-06-30
    $0.71$1.26095469999999992019-03-31
    $1.02$1.68967952018-12-31
    $2.3$2.1128192018-09-30
    $2.22$2.54021062018-06-30
    $2.2$2.18142832018-03-31
    $1.62$1.69295190000000022017-12-31
    $1.61$1.46861072017-09-30
    $1.17$1.26832770000000022017-06-30
    $1.11$0.83998672017-03-31
    $0.9$0.80708092016-12-31
    $0.86$0.89892016-09-30
    $0.85$0.9692972016-06-30
    $0.94$0.9351592016-03-31
    $0.84$0.9965672015-12-31
    $1.39$1.30538462015-09-30
    $1.54$1.22926092015-06-30
    $1.1$1.2093742015-03-31
    $1.4$1.39046700000000012014-12-31
    $1.59$1.58323562014-09-30
    $1.26$1.45523832014-06-30
    $1.18$1.13669442014-03-31
    $1.27$1.1283722013-12-31
    $1.27$1.12155452013-09-30
    $1.085$0.97829612013-06-30
    $0.92$0.63091672013-03-31
    $0.71$0.6136762012-12-31
    $0.74$0.68657782012-09-30
    $0.795$0.7117472012-06-30
    $0.655$0.6357952012-03-31
    $0.2$0.314039299999999972011-12-31
    $0.505$0.496922011-09-30
    $0.605$0.60638382011-06-30
    $0.625$0.51297900000000012011-03-31
    $0.63$0.37409392010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).