Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Westlake Chemical Partners (WLKP) Share Price

Media stories about Westlake Chemical Partners (NYSE:WLKP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westlake Chemical Partners earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.6673545670726 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Separately, ValuEngine downgraded Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 31st.

Shares of Westlake Chemical Partners (WLKP) traded up 0.2422% on Monday, reaching $23.7574. The company’s stock had a trading volume of 2,586 shares. Westlake Chemical Partners has a 1-year low of $19.25 and a 1-year high of $26.25. The stock has a 50-day moving average of $24.08 and a 200 day moving average of $24.60. The stock has a market capitalization of $642.85 million, a PE ratio of 16.5904 and a beta of 1.24.

Westlake Chemical Partners (NYSE:WLKP) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Westlake Chemical Partners had a return on equity of 4.34% and a net margin of 3.60%. The firm had revenue of $290.11 million during the quarter, compared to analyst estimates of $381.59 million. During the same period in the prior year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. On average, equities analysts forecast that Westlake Chemical Partners will post $1.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were given a $0.365 dividend. This is an increase from Westlake Chemical Partners’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, August 11th. This represents a $1.46 dividend on an annualized basis and a yield of 6.13%. Westlake Chemical Partners’s dividend payout ratio is presently 102.82%.

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About Westlake Chemical Partners

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen.

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