Westlake Chemical Corporation (WLK) Receives Media Impact Score of 0.15
News headlines about Westlake Chemical Corporation (NYSE:WLK) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westlake Chemical Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 46.5505173354196 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Westlake Chemical Corporation (WLK) Expected to Post Earnings of $1.51 Per Share (americanbankingnews.com)
- Worth Watching Stocks in Focus: SeaWorld Entertainment, Inc., (NYSE: SEAS), Westlake Chemical Corporation, (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Westlake Chemical Corporation (WLK) Looks Good: Stock Adds 6.5% in Session – Nasdaq (nasdaq.com)
- Air Products Lands Deal With Yankuang for $3.5B China Plant (finance.yahoo.com)
- Westlake Chemical Corporation (WLK) Given New $94.00 Price Target at Bank of America Corporation (americanbankingnews.com)
Shares of Westlake Chemical Corporation (WLK) opened at $92.99 on Friday. The stock has a market cap of $12,058.63, a PE ratio of 18.72, a PEG ratio of 2.30 and a beta of 1.67. Westlake Chemical Corporation has a 1 year low of $52.45 and a 1 year high of $96.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.50 and a current ratio of 2.31.
WLK has been the subject of several research analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $70.00 target price on shares of Westlake Chemical Corporation in a research note on Friday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 target price (up previously from $103.00) on shares of Westlake Chemical Corporation in a research note on Thursday. Nomura raised shares of Westlake Chemical Corporation from a “neutral” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Tuesday, September 26th. UBS AG reaffirmed a “sell” rating and set a $61.00 target price on shares of Westlake Chemical Corporation in a research note on Wednesday. Finally, Zacks Investment Research lowered shares of Westlake Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $92.73.
In other news, VP Mark Steven Bender sold 13,794 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.22, for a total transaction of $968,614.68. Following the sale, the vice president now owns 44,449 shares of the company’s stock, valued at $3,121,208.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 71.70% of the stock is currently owned by corporate insiders.
About Westlake Chemical Corporation
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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