Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Westlake Chemical (WLK) Share Price

Media stories about Westlake Chemical (NYSE:WLK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westlake Chemical earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the specialty chemicals company an impact score of 45.3662721290736 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of equities research analysts recently commented on the company. Wells Fargo & Co reissued an “outperform” rating and issued a $122.00 price target (up from $112.00) on shares of Westlake Chemical in a research report on Wednesday, January 17th. Bank of America lowered Westlake Chemical from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Morgan Stanley assumed coverage on Westlake Chemical in a research report on Tuesday, January 9th. They issued an “equal weight” rating and a $120.00 price target for the company. Vertical Research lowered Westlake Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Alembic Global Advisors reissued a “buy” rating and issued a $110.00 price target on shares of Westlake Chemical in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $104.00.

Shares of Westlake Chemical (NYSE WLK) traded up $2.11 during trading on Thursday, hitting $113.25. The stock had a trading volume of 591,253 shares, compared to its average volume of 730,909. Westlake Chemical has a 1 year low of $59.58 and a 1 year high of $114.34. The stock has a market cap of $14,346.42, a price-to-earnings ratio of 24.62, a PEG ratio of 1.32 and a beta of 1.72. The company has a current ratio of 2.31, a quick ratio of 1.59 and a debt-to-equity ratio of 0.74.

Westlake Chemical (NYSE:WLK) last announced its earnings results on Tuesday, November 7th. The specialty chemicals company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.26. Westlake Chemical had a return on equity of 15.59% and a net margin of 7.74%. equities analysts forecast that Westlake Chemical will post 5.54 EPS for the current fiscal year.

In other news, SVP George J. Mangieri sold 13,381 shares of the firm’s 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 sale, 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Albert Chao sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $94.34, for a total value of $2,358,500.00. Following the sale, the chief executive officer now directly owns 299,018 shares of the company’s stock, valued at $28,209,358.12. 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. Insiders own 71.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Westlake Chemical (WLK) Share Price” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2018/01/25/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-westlake-chemical-wlk-share-price.html.

About Westlake Chemical

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)

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