Somewhat Positive Media Coverage Somewhat Unlikely to Impact Westlake Chemical Partners (WLKP) Share Price

Media stories about Westlake Chemical Partners (NYSE:WLKP) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westlake Chemical Partners earned a news impact score of 0.01 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.4203791923701 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Westlake Chemical Partners (WLKP) opened at $24.70 on Friday. The company has a quick ratio of 4.76, a current ratio of 4.84 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $784.92, a P/E ratio of 15.25, a P/E/G ratio of 3.66 and a beta of 1.18. Westlake Chemical Partners has a fifty-two week low of $20.65 and a fifty-two week high of $26.25.

Westlake Chemical Partners (NYSE:WLKP) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. The firm had revenue of $296.78 million during the quarter. Westlake Chemical Partners had a return on equity of 4.73% and a net margin of 3.80%. equities analysts anticipate that Westlake Chemical Partners will post 1.58 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Deutsche Bank assumed coverage on Westlake Chemical Partners in a report on Wednesday, January 3rd. They issued a “buy” rating for the company. ValuEngine downgraded Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. Barclays assumed coverage on Westlake Chemical Partners in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $26.00 price target for the company. B. Riley set a $26.00 price target on Westlake Chemical Partners and gave the company a “neutral” rating in a report on Monday, December 18th. Finally, TheStreet raised Westlake Chemical Partners from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Westlake Chemical Partners has an average rating of “Hold” and a consensus target price of $26.88.

In other news, Director James Chao acquired 8,473 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $22.17 per share, with a total value of $187,846.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Albert Chao acquired 14,900 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average cost of $21.98 per share, with a total value of $327,502.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,000 shares of the company’s stock, valued at approximately $989,100. The disclosure for this purchase can be found here. Insiders bought 35,748 shares of company stock valued at $787,823 over the last three months.

TRADEMARK VIOLATION WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Impact Westlake Chemical Partners (WLKP) Share Price” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://stocknewstimes.com/2018/01/12/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-westlake-chemical-partners-wlkp-share-price.html.

Westlake Chemical Partners Company Profile

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.

Insider Buying and Selling by Quarter for Westlake Chemical Partners (NYSE:WLKP)

Receive News & Ratings for Westlake Chemical Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply