Economy

Brokers Set Expectations for Westlake Chemical Corporation's Q3 2017 Earnings (WLK)

The fund owned 271,448 shares of the specialty chemicals company's stock after purchasing an additional 81,336 shares during the period. OppenheimerFunds Inc. purchased a new stake in Westlake Chemical Corporation during the 1st quarter valued at about $205,000.

WLK has been the subject of several research reports. Finally, Private Advisor Group LLC acquired a new stake in Westlake Chemical Corporation in the first quarter valued at approximately $215,000. Advisors Asset Management Inc. grew its position in Westlake Chemical Corporation by 162.8% during the 2nd quarter. Jupiter Asset Management Ltd acquired 5,633 shares as Taro Pharmaceutical Inds Ltd (TARO)'s stock declined 2.08%. BNP Paribas Arbitrage SA raised its stake in Westlake Chemical Corporation by 27,048.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,368,155 shares of the specialty chemicals company's stock valued at $90,367,000 after acquiring an additional 934,281 shares during the period. Vanguard Group Inc. now owns 4,201,948 shares of the specialty chemicals company's stock valued at $277,538,000 after acquiring an additional 326,298 shares during the period.

TRADEMARK VIOLATION WARNING: This piece was first reported by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another publication, it was stolen and republished in violation of U.S. & worldwide copyright & trademark legislation. The correct version of this piece can be viewed at https://weekherald.com/2017/09/22/westlake-chemical-corporation-wlk-position-lifted-by-prudential-financial-inc.html.

A number of research firms have recently weighed in on WLK.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on November, 14. Cowen and Company upped their price objective on shares of Westlake Chemical Corporation from $66.00 to $70.00 and gave the stock an outperform rating in a report on Tuesday, May 23rd. Clark Cap Management Gp holds 0.03% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 11,915 shares. Finally, Zacks Investment Research cut Westlake Chemical Corporation from a "buy" rating to a "hold" rating in a report on Wednesday, August 9th. SunTrust Banks has a "Buy" rating and a $86.00 price target on the stock.

The P/E ratio is now 23.20 and market capitalization is 10.48B.

Company shares last traded at $81.17 marginally over the 50 day moving average of $73.94 and significantly above the 200 day moving average of $67.25. Westlake Chemical has a 12-month low of $39.48 and a 12-month high of $68.08.

Westlake Chemical Corporation (NYSE:WLK) last released its earnings results on Thursday, August 3rd. It increased, as 25 investors sold Westlake Chemical Corporation shares while 57 reduced holdings. Analysts expect next quarter's EPS will be $1.16 with next year's EPS anticipated to be $5.31. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm's revenue was up 82.2% compared to the same quarter a year ago. After having $1.21 EPS previously, Westlake Chemical Corporation's analysts see 8.26 % EPS growth.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th.

Since May 17, 2017, it had 0 insider buys, and 1 insider sale for $409,198 activity. This is an increase from Westlake Chemical Corporation's previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.04%. Westlake Chemical Corporation's payout ratio is 24.00%. In other Westlake Chemical news, CFO Mark Steven Bender sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, March 10th. $68.82's average target is -14.88% below currents $80.85 stock price. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The Company is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products.



Like this

loading...
loading...

Latest


23 September 2017
Boston Scientific Corp (NYSE:BSX) Institutional Investors Sentiment
Over the last five days, shares have faced -0.72% losses and now is up 12.3% since hitting its 200-day moving average of $26.61. The institutional investors in our partner's database now hold: 1.22 billion shares, down from 1.23 billion shares in 2017Q1.

23 September 2017
Bollywood producer Karim Morani surrenders to police in Delhi woman rape case
Morani - also an accused in the 2G telecom scam - is the latest among several film personalities charged with sexual assault. The police had booked him in January on charges of rape, wrongful confinement, criminal intimidation and cheating.

23 September 2017
Four-star SF Ignas Brazdeikis (2018) commits to MI basketball
Despite his size (6-8, 220 pounds), Brazdeikis will spend most of his time on the wing with the Wolverines . Brazdeikis is known on the AAU circuit for several 50-point outbursts, including two in March.

23 September 2017
Dominion Energy Midstream Partn (NYSE:DM) Signals Intraday Volatility - Up by 5.57%
Looking at the indicators on shares of Enable Midstream Partners LP ( ENBL ), we see that the PPO is above the signal line. The Firm is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets.

23 September 2017
Mauricio Pochettino: 'Trusting Eric Dier in midfield was a gamble'
But as a group, I think we wouldn't be happy unless we won something. That is the truth and I believe it and yesterday he told me that.

23 September 2017
22nd Century (XXII): What are the Technicals Saying?
Defining investment goals clearly can help keep individual investors from making common mistakes and losing their shirts. The older the historical return data is, the more likely it is to be less useful when predicting future returns.

23 September 2017
Lawmakers to grill Equifax, Wells CEOs in busy week of hearings
The bank paid a $185 million settlement last year with multiple authorities, then added another $142 million earlier this year to settle a class-action suit.

23 September 2017
Exelon Corporation (NYSE:EXC) EVP Sells $510787.23 in Stock
The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is involved in the energy generation business. Also, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction that occurred on Monday, September 11th.

23 September 2017
Pumpkin spice pizza the latest fall flavored combo
Take this pizza: It combines two near-perfect comfort foods-pumpkin pie and pizza-and brings them together. When NJ.com reported the existence of the pizza, the comments lit up with a less-than-magical response.

23 September 2017
UFC Saitama Results: Gokhan Saki Floors da Silva in First Round Brawl
Gokhan Saki landed a counter right hand right away, then a head kick, and a handsome left straight. In the final minute, da Silva started to grow some confidence and almost landed a big head kick.