News stories about Westlake Chemical Partners (NYSE:WLKP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westlake Chemical Partners earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.5966186444835 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Westlake Chemical Partners LP (WLKP.N) (uk.reuters.com)
- Barclays Begins Coverage on Westlake Chemical Partners (WLKP) (americanbankingnews.com)
- Westlake Chemical Earns Membership In 95-Plus Composite Rating Club (finance.yahoo.com)
- B. Riley Analysts Give Westlake Chemical Partners (WLKP) a $26.00 Price Target (americanbankingnews.com)
- $0.43 EPS Expected for Westlake Chemical Partners LP (WLKP) This Quarter (americanbankingnews.com)
Several equities analysts recently commented on WLKP shares. BidaskClub cut shares of Westlake Chemical Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th. ValuEngine cut shares of Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. Citigroup started coverage on shares of Westlake Chemical Partners in a research report on Tuesday, December 5th. They set a “buy” rating and a $25.50 target price for the company. Tudor Pickering cut shares of Westlake Chemical Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, TheStreet upgraded shares of Westlake Chemical Partners from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.88.
Westlake Chemical Partners (NYSE:WLKP) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Westlake Chemical Partners had a net margin of 3.80% and a return on equity of 4.73%. The firm had revenue of $296.78 million for the quarter. analysts expect that Westlake Chemical Partners will post 1.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th were issued a dividend of $0.3756 per share. The ex-dividend date was Monday, November 13th. This represents a $1.50 dividend on an annualized basis and a yield of 6.39%. This is a positive change from Westlake Chemical Partners’s previous quarterly dividend of $0.37. Westlake Chemical Partners’s dividend payout ratio is currently 92.59%.
In other Westlake Chemical Partners news, CEO Albert Chao bought 2,000 shares of Westlake Chemical Partners stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of $21.49 per share, with a total value of $42,980.00. Following the purchase, the chief executive officer now owns 47,000 shares of the company’s stock, valued at $1,010,030. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Chao bought 8,473 shares of Westlake Chemical Partners stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $22.17 per share, for a total transaction of $187,846.41. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 35,748 shares of company stock worth $787,823.
TRADEMARK VIOLATION NOTICE: “Westlake Chemical Partners (WLKP) Receives Daily Media Impact Rating of 0.05” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.com-unik.info/2017/12/23/westlake-chemical-partners-wlkp-receives-daily-media-impact-rating-of-0-05.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.
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.