Headlines about Westlake Chemical (NYSE:WLK) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westlake Chemical earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 46.4255972039225 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

NYSE:WLK opened at $98.04 on Wednesday. The company has a market cap of $12.60 billion, a P/E ratio of 17.92, a PEG ratio of 0.84 and a beta of 1.55. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.46. Westlake Chemical has a 1-year low of $73.68 and a 1-year high of $124.29.

Westlake Chemical (NYSE:WLK) last released its quarterly earnings results on Thursday, August 2nd. The specialty chemicals company reported $2.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by ($0.30). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. Westlake Chemical had a return on equity of 19.44% and a net margin of 18.55%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. equities research analysts forecast that Westlake Chemical will post 8.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th will be issued a dividend of $0.25 per share. This is a boost from Westlake Chemical’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, August 27th. Westlake Chemical’s dividend payout ratio (DPR) is presently 15.36%.

Several research analysts have recently commented on WLK shares. Royal Bank of Canada downgraded Westlake Chemical from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 11th. Zacks Investment Research downgraded Westlake Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. MED reiterated a “buy” rating and set a $140.00 target price on shares of Westlake Chemical in a research note on Tuesday, June 5th. Sanford C. Bernstein started coverage on Westlake Chemical in a research note on Wednesday, June 20th. They set an “outperform” rating and a $150.00 target price for the company. Finally, ValuEngine downgraded Westlake Chemical from a “buy” rating to a “hold” rating in a research note on Monday, June 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.71.

About Westlake Chemical

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

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