Press coverage about Westlake Chemical Partners (NYSE:WLKP) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westlake Chemical Partners earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.7947214790926 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
WLKP has been the topic of several recent analyst reports. BidaskClub lowered Westlake Chemical Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine lowered Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th.
Westlake Chemical Partners (WLKP) opened at $21.42 on Tuesday. The stock has a market capitalization of $580.42, a P/E ratio of 13.66 and a beta of 1.20. Westlake Chemical Partners has a 1 year low of $20.00 and a 1 year high of $26.25. The company has a current ratio of 4.84, a quick ratio of 4.76 and a debt-to-equity ratio of 0.48.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th will be issued a $0.3756 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.01%. The ex-dividend date is Monday, November 13th. This is a boost from Westlake Chemical Partners’s previous quarterly dividend of $0.37. Westlake Chemical Partners’s dividend payout ratio (DPR) is currently 95.54%.
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About Westlake Chemical Partners
Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen.
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