Westlake Chemical (WLK) Receives Daily Media Sentiment Rating of 0.05
News stories about Westlake Chemical (NYSE:WLK) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westlake Chemical earned a news impact score of 0.05 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 45.8971385661351 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Westlake Chemical Announces Fourth Quarter and Full Year Earnings for 2017 Conference Call (finance.yahoo.com)
- $1.69 EPS Expected for Westlake Chemical Co. (WLK) This Quarter (americanbankingnews.com)
- Is Westlake Chemical Partners LP’s (NYSE:WLKP) PE Ratio A Signal To Buy For Investors? (finance.yahoo.com)
- Westlake Chemical Co. (WLK) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Westlake Chemical Corporation (WLK) Stock in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
Several equities research analysts have issued reports on WLK shares. Deutsche Bank restated a “buy” rating and set a $115.00 price objective on shares of Westlake Chemical in a report on Wednesday, December 13th. Morgan Stanley initiated coverage on Westlake Chemical in a report on Tuesday, January 9th. They set an “equal weight” rating and a $120.00 price objective on the stock. UBS Group boosted their price target on Westlake Chemical from $56.00 to $61.00 and gave the company a “sell” rating in a report on Friday, October 13th. Alembic Global Advisors reiterated a “buy” rating and issued a $110.00 price target on shares of Westlake Chemical in a report on Wednesday, December 20th. Finally, Bank of America boosted their price target on Westlake Chemical from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Two research 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 a consensus rating of “Buy” and an average target price of $104.00.
Westlake Chemical (NYSE:WLK) last issued its quarterly earnings results on Tuesday, November 7th. The specialty chemicals company reported $1.65 earnings per share for the quarter, beating the Zacks’ 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%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion. research analysts forecast that Westlake Chemical will post 5.58 EPS for the current year.
In related news, SVP George J. Mangieri sold 13,381 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 10,195 shares in the company, valued at approximately $962,815.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Steven Bender sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $97.83, for a total value of $635,895.00. The disclosure for this sale can be found here. Insiders have sold a total of 293,122 shares of company stock valued at $27,721,443 in the last 90 days. Insiders own 72.50% of the company’s stock.
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.
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