Media coverage about Westlake Chemical (NYSE:WLK) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring 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 earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the specialty chemicals company an impact score of 45.4322312149326 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Westlake Chemical (WLK) traded up $0.69 during trading on Friday, reaching $113.94. 328,391 shares of the company’s stock traded hands, compared to its average volume of 754,378. 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 has a 52-week low of $58.97 and a 52-week high of $114.34. The company has a market cap of $14,700.00, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.72.

WLK has been the topic of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a $115.00 target price on shares of Westlake Chemical in a research report on Wednesday, December 13th. UBS Group lifted their target price on shares of Westlake Chemical from $56.00 to $61.00 and gave the stock a “sell” rating in a research report on Friday, October 13th. Bank of America raised their price target on shares of Westlake Chemical from $88.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. JPMorgan Chase & Co. restated a “buy” rating and set a $104.00 price target on shares of Westlake Chemical in a report on Friday, November 24th. Finally, Citigroup initiated coverage on shares of Westlake Chemical in a report on Tuesday, October 24th. They set a “buy” rating and a $97.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $103.07.

In other news, Chairman James Chao sold 76,135 shares of Westlake Chemical stock in a transaction on Friday, November 24th. The shares were sold at an average price of $94.69, for a total value of $7,209,223.15. Following the completion of the sale, the chairman now owns 129,078 shares in the company, valued at approximately $12,222,395.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert F. Buesinger sold 2,674 shares of Westlake Chemical stock in a transaction on Friday, December 1st. The shares were sold at an average price of $98.50, for a total transaction of $263,389.00. Following the completion of the sale, the executive vice president now owns 6,635 shares of the company’s stock, valued at approximately $653,547.50. The disclosure for this sale can be found here. Insiders sold a total of 293,122 shares of company stock valued at $27,721,443 in the last quarter. 71.70% of the stock is currently owned by company insiders.

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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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