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Opinions The Panic-Proof Portfolio (Stockchase Research)
Westlake Chemical CorporationWLKPAST TOP PICKJun 14, 2022
(A Top Pick Feb 03/22, Up 19.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ABT has triggered its stop at $120. To remain disciplined we recommend covering the position at this time. This will result in a net investment gain of 30%, when combined with previous buy recommendations.
$116.11
Stock price when the opinion was issued
$88.50
As of Jun 12, 2026. Market Open.
chemicals
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Stockchase Research Editor: Michael O'Reilly We again reiterate this $13 billion market cap chemical manufacturing company, who produces everything plastic involved in building products, as a TOP PICK. The company just completed a $1.2 billion acquisition of a European based epoxy company produces coatings for turbine blades and lightweight automotive components. Recently reported earnings beat expectations by 18% and managed a ROE of 20%. It trades at 9x earnings compared to peers at 16x and just under 2x book value. It pays a reasonable dividend, backed by a 10% payout of cash flow. We recommend keeping the stop at $80, looking to achieve $121 -- upside over 19%. Yield 1.17% (Analysts’ price target is $120.82)
chemicals
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate our TOP PICK with WLK -- an $13 billion market cap chemical manufacturing company, who produces everything plastic involved in building products. Recently reported earnings of $4.69 per share easily beat analyst expectations by over 16%. Earnings compared $0.60 a year ago. Revenues of $3.06 billion beat expectations by over 12%. It trades at 9x earnings compared to peers at 16x, with a PEG ratio well under 1.0 and at about 1.5x book value. It pays a reasonable dividend, backed by a 10% payout of cash flow. We recommend trailing up the stop (from $74) to $80, looking to achieve $115 -- upside over 15%. Yield 1.22% (Analysts’ price target is $113.71)
chemicals
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate our TOP PICK with WLK -- an $11 billion market cap chemical manufacturing company, who produces everything plastic involved in building products. It continues to be the subject of analyst upgrades - some up to $124 base on improving petrochemical margins through to 2022. It trades at 11x earnings compared to peers at 14x, with a PEG ratio well under 1.0 and at less than 1.5x book value. It pays a reasonable dividend, backed by a 47% payout of cash flow. We would buy this with a stop loss at $74, looking to achieve $106 -- upside over 30%. Yield 1.29% (Analysts’ price target is $105.88)
chemicals
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly WLK is a $11 billion market cap chemical manufacturing company based in Houston. They make everything plastic involved in building products. They just announced a $2.1 billion acquisition of another building products company. Scotiabank just upgraded the stock on the view of improving petrochemical margins through to 2022. Analysts project a 46% annual increase in EPS over the next 5 years. The forward PE trades at 11x earnings compared to peers at 29x. It pays a reasonable dividend, backed by a 32% payout of cash flow. We would buy this with a stop loss at $74, looking to achieve $106 -- upside over 17%. Yield 1.21% (Analysts’ price target is $106.06)
chemicals
