Media coverage about Westlake Chemical Partners (NYSE:WLKP) has trended somewhat positive on Sunday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westlake Chemical Partners earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.7947214790926 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern’s scoring:

Westlake Chemical Partners (NYSE WLKP) traded up $0.05 during trading on Friday, hitting $22.40. 16,392 shares of the stock traded hands, compared to its average volume of 55,592. Westlake Chemical Partners has a 1-year low of $19.50 and a 1-year high of $26.25. The stock has a market capitalization of $606.12, a P/E ratio of 15.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.47 and a current ratio of 5.60.

Westlake Chemical Partners (NYSE:WLKP) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). The business had revenue of $290.11 million during the quarter, compared to analyst estimates of $381.59 million. Westlake Chemical Partners had a net margin of 3.60% and a return on equity of 4.34%. Westlake Chemical Partners’s revenue was up 37.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. research analysts predict that Westlake Chemical Partners will post 16.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th will be paid a $0.3756 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.71%. This is a boost from Westlake Chemical Partners’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, November 13th. Westlake Chemical Partners’s payout ratio is presently 102.82%.

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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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