Westlake Chemical (WLK) Receiving Favorable Press Coverage, Study Finds

News stories about Westlake Chemical (NYSE:WLK) have been trending positive on Friday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westlake Chemical earned a daily sentiment score of 0.36 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 46.0996304651834 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Shares of Westlake Chemical (NYSE WLK) traded up $0.41 during mid-day trading on Friday, reaching $99.78. The company had a trading volume of 590,300 shares, compared to its average volume of 857,765. Westlake Chemical has a 1-year low of $55.83 and a 1-year high of $100.70. The company has a market cap of $12,820.00, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.77 and a beta of 1.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.31 and a quick ratio of 1.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, November 24th. Westlake Chemical’s dividend payout ratio (DPR) is 18.22%.

WLK has been the topic of a number of research reports. UBS increased their price target on Westlake Chemical from $56.00 to $61.00 and gave the stock a “sell” rating in a research report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating on shares of Westlake Chemical in a research report on Wednesday, September 6th. SunTrust Banks reiterated a “buy” rating and set a $86.00 price target on shares of Westlake Chemical in a research report on Wednesday, September 6th. Citigroup initiated coverage on Westlake Chemical in a research report on Tuesday, October 24th. They set a “buy” rating and a $97.00 price target on the stock. Finally, Bank of America increased their price target on Westlake Chemical from $88.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $98.09.

In other Westlake Chemical news, SVP George J. Mangieri sold 13,381 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $94.44, for a total transaction of $1,263,701.64. Following the completion of the transaction, the senior vice president now directly owns 10,195 shares of the company’s stock, valued at approximately $962,815.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Steven Bender sold 6,500 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $97.83, for a total value of $635,895.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 293,122 shares of company stock valued at $27,721,443. 71.70% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Westlake Chemical (WLK) Receiving Favorable Press Coverage, Study Finds” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/12/08/westlake-chemical-wlk-receiving-favorable-press-coverage-study-finds.html.

Westlake Chemical Company Profile

Westlake Chemical Corporation is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods.

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

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

Leave a Reply