The Westlake Chemical Corporation (WLK) Getting Favorable Media Coverage, Accern Reports

Xavier Trudeau
Août 13, 2017

More notable recent Westlake Chemical Corporation (NYSE:WLK) news were published by: Businesswire.com which released: "Westlake Chemical Partners LP Announces Second Quarter Distribution and ..." on August 01, 2017, also Nasdaq.com with their article: "Westlake Chemical Upped to Strong Buy on Solid Prospects" published on July 12, 2017, Seekingalpha.com published: "Westlake Chemical (WLK) Q1 2017 Results - Earnings Call Transcript" on May 02, 2017. Cowen and Company reiterated a "buy" rating and set a $70.00 target price on shares of Westlake Chemical Corporation in a research report on Friday, July 14th. "Reduces Stake in Westlake Chemical Corporation (WLK)" was originally reported by Markets Daily and is owned by of Markets Daily. Buesinger Robert F. sold $542,786 worth of Westlake Chemical Corporation (NYSE:WLK) on Wednesday, March 1. Cowen and Company increased their price objective on shares of Westlake Chemical Corporation from $66.00 to $70.00 and gave the company an "outperform" rating in a report on Tuesday, May 23rd. The rating was maintained by Barclays Capital on Friday, February 10 with "Equal-Weight". The firm has "Outperform" rating given on Friday, October 9 by RBC Capital Markets. (NASDAQ:AAPL) earned "Market Perform" rating by Wells Fargo on Tuesday, August 25. The stock has "Outperform" rating by Wells Fargo on Friday, September 11. State Street Corp owns 556,552 shares. Symantec Corp now has $17.53B valuation. The California-based Snyder Capital Management L P has invested 1.29% in the stock.

About 131,621 shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since August 10, 2016 and is uptrending. It has underperformed by 6.54% the S&P500.

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. It has a 19.78 P/E ratio. The Company's divisions include Cloud and Enterprise.

Since March 1, 2017, it had 0 buys, and 3 insider sales for $1.72 million activity. Equities research analysts forecast that Westlake Chemical Corporation will post $4.64 earnings per share for the current year.

The stock decreased 1.54% or $1.08 on August 10, reaching $69.16. Westlake Chemical Corporation has a 52 week low of $46.35 and a 52 week high of $72.00. It has outperformed by 28.35% the S&P500.

Investors sentiment increased to 0.93 in 2016 Q4. Its down 0.03, from 0.82 in 2016Q3. Regentatlantic Capital LLC acquired a new stake in shares of Westlake Chemical Corporation during the first quarter worth $206,000. 49 funds opened positions while 55 raised stakes. Westlake Chemical Corporation earned a daily sentiment score of 0.32 on Accern's scale. Ruggie Capital Group purchased a new stake in shares of Westlake Chemical Corporation during the first quarter worth approximately $117,000. Prudential Inc invested in 842,727 shares or 0.08% of the stock. Finally, Breton Hill Capital Ltd. purchased a new stake in shares of Westlake Chemical Corporation during the first quarter worth approximately $218,000. Price Michael F accumulated 250,000 shares or 1.7% of the stock. Zacks Investment Research raised Westlake Chemical Corporation from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Friday, May 5th. Voya Invest Mngmt Limited Com has 11,857 shares. Cadence Cap Ltd Liability reported 7,992 shares. Westlake Chemical Corporation also recently declared a dividend for shareholders that was paid on Tuesday the 13th of June 2017. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Anadarko Petroleum Corporation had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Hold" rating by Evercore on Thursday, August 3. The firm has "Overweight" rating given on Monday, May 16 by JP Morgan. As per Wednesday, June 8, the company rating was initiated by Drexel Hamilton. The consensus rating is 2.2, suggesting the market has given up on the stock. The rating was upgraded by Stifel Nicolaus to "Buy" on Thursday, December 1. Cowen & Co has "Outperform" rating and $57.0 target. The firm has "Buy" rating by S&P Research given on Wednesday, August 12. Geode Cap Mngmt Ltd Llc invested in 271,204 shares or 0.01% of the stock. Bancorpsouth reported 5,695 shares. Canada Pension Plan Investment Board reported 0.03% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Riverhead Mngmt Limited Liability holds 39,300 shares or 0.14% of its portfolio. The Cushing Asset Management Lp holds 179,597 shares with $10.06 million value, up from 90,906 last quarter. Assetmark stated it has 1,639 shares or 0% of all its holdings.

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