News headlines about Westlake Chemical Partners (NYSE:WLKP) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westlake Chemical Partners earned a news impact score of 0.02 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.043002952716 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
WLKP has been the topic of a number of research reports. ValuEngine downgraded shares of Westlake Chemical Partners from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Barclays initiated coverage on shares of Westlake Chemical Partners in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $26.00 target price on the stock. Zacks Investment Research downgraded shares of Westlake Chemical Partners from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. B. Riley set a $26.00 target price on shares of Westlake Chemical Partners and gave the stock a “neutral” rating in a report on Monday, December 18th. Finally, Deutsche Bank initiated coverage on shares of Westlake Chemical Partners in a report on Wednesday, January 3rd. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Westlake Chemical Partners currently has a consensus rating of “Hold” and a consensus target price of $26.63.
Westlake Chemical Partners stock opened at $23.40 on Tuesday. Westlake Chemical Partners has a twelve month low of $21.10 and a twelve month high of $25.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.61 and a current ratio of 5.75. The stock has a market capitalization of $749.51, a PE ratio of 13.60, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04.
Westlake Chemical Partners (NYSE:WLKP) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Westlake Chemical Partners had a net margin of 4.15% and a return on equity of 5.13%. The firm had revenue of $308.60 million for the quarter, compared to the consensus estimate of $335.90 million. During the same period in the previous year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. equities analysts forecast that Westlake Chemical Partners will post 1.83 earnings per share for the current fiscal year.
In other news, CEO Albert Chao purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $22.91 per share, with a total value of $45,820.00. Following the purchase, the chief executive officer now owns 49,500 shares in the company, valued at $1,134,045. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lawrence E. Teel purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average cost of $22.75 per share, with a total value of $113,750.00. Following the completion of the purchase, the senior vice president now owns 5,900 shares in the company, valued at approximately $134,225. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 11,500 shares of company stock valued at $264,560.
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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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