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

News coverage about Westlake Chemical Partners (NYSE:WLKP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westlake Chemical Partners earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.5115393402993 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

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

Shares of Westlake Chemical Partners (NYSE:WLKP) traded down $0.05 during mid-day trading on Friday, reaching $24.80. 31,487 shares of the company traded hands, compared to its average volume of 117,834. Westlake Chemical Partners has a 12-month low of $20.65 and a 12-month high of $26.25. The firm has a market cap of $671.06, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 3.77 and a beta of 1.19. The company has a quick ratio of 4.76, a current ratio of 4.84 and a debt-to-equity ratio of 0.48.

Westlake Chemical Partners (NYSE:WLKP) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 during the quarter. sell-side analysts predict that Westlake Chemical Partners will post 1.58 EPS for the current year.

In related news, CEO Albert Chao acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was 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 directly owns 47,000 shares in the company, valued at approximately $1,010,030. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Chao acquired 8,473 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of $22.17 per share, with a total value of $187,846.41. The disclosure for this purchase can be found here. Insiders purchased a total of 35,748 shares of company stock valued at $787,823 in the last three months.

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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.

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

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