EPS for Westlake Chemical Corporation (WLK) Expected At $1.64

January 21, 2018 - By marketbeat

 EPS for Westlake Chemical Corporation (WLK) Expected At $1.64
Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. It is positive, as 21 investors sold Westlake Chemical Corporation shares while 61 reduced holdings. 55 funds opened positions while 58 raised stakes. 37.12 million shares or 5.60% less from 39.33 million shares in 2017Q2 were reported.
Price T Rowe Md invested in 93,547 shares. Panagora Asset Management stated it has 0% in Westlake Chemical Corporation (NYSE:WLK). Texas-based Dimensional Fund Advsrs Lp has invested 0.04% in Westlake Chemical Corporation (NYSE:WLK). Proshare Advisors Ltd invested in 0% or 5,448 shares. Lazard Asset Mgmt Ltd Liability Corporation reported 363 shares or 0% of all its holdings. Fmr Limited Liability reported 0.03% in Westlake Chemical Corporation (NYSE:WLK). Polaris Greystone Fincl Gp Limited Liability owns 20,799 shares. Victory Capital reported 186,914 shares stake. Dreman Value L L C invested in 0% or 113 shares. Zacks Investment Mgmt invested 0.04% in Westlake Chemical Corporation (NYSE:WLK). Jane Street Gp Limited Liability holds 0% or 2,765 shares. Arosa Capital Mgmt Ltd Partnership owns 0.45% invested in Westlake Chemical Corporation (NYSE:WLK) for 38,100 shares. Wedge Cap Management L Ltd Partnership Nc, a North Carolina-based fund reported 100,964 shares. Millennium Mgmt Ltd Liability Com holds 0.17% or 1.34 million shares. Price Michael F invested in 2.59% or 225,000 shares.

Since August 15, 2017, it had 0 buys, and 1 sale for $968,620 activity.

Analysts expect Westlake Chemical Corporation (NYSE:WLK) to report $1.64 EPS on February, 20.They anticipate $0.77 EPS change or 88.51 % from last quarter’s $0.87 EPS. WLK’s profit would be $211.74 million giving it 16.79 P/E if the $1.64 EPS is correct. After having $1.65 EPS previously, Westlake Chemical Corporation’s analysts see -0.61 % EPS growth. The stock increased 1.96% or $2.12 during the last trading session, reaching $110.13. About 771,814 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since January 21, 2017 and is uptrending. It has outperformed by 28.35% the S&P500.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Among 18 analysts covering Westlake Chemical (NYSE:WLK), 12 have Buy rating, 2 Sell and 4 Hold. Therefore 67% are positive. Westlake Chemical had 51 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of WLK in report on Monday, June 13 with “Outperform” rating. Wells Fargo maintained it with “Buy” rating and $112.0 target in Thursday, December 7 report. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. Bank of America maintained it with “Neutral” rating and $94 target in Wednesday, November 8 report. On Friday, October 13 the stock rating was maintained by UBS with “Sell”. The rating was maintained by Cowen & Co on Friday, January 8 with “Outperform”. The rating was maintained by UBS with “Sell” on Wednesday, November 8. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 13 report. The stock has “Buy” rating by Citigroup on Tuesday, October 24. The stock has “Buy” rating by RBC Capital Markets on Monday, July 10.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $14.22 billion. It operates through two divisions, Olefins and Vinyls. It has a 23.83 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

More notable recent Westlake Chemical Corporation (NYSE:WLK) news were published by: Businesswire.com which released: “Westlake Chemical Appoints New Directors to Its Board” on January 08, 2018, also Nasdaq.com with their article: “Westlake Chemical (WLK) Up 62% in 6 Months: Here’s Why” published on December 27, 2017, Nasdaq.com published: “Westlake Chemical Hits New 52-Week High: What’s Driving It?” on January 02, 2018. More interesting news about Westlake Chemical Corporation (NYSE:WLK) were released by: Seekingalpha.com and their article: “Westlake Chemical (WLK) Q3 2017 Results – Earnings Call Transcript” published on November 07, 2017 as well as Nasdaq.com‘s news article titled: “Westlake Chemical Up 89% in a Year: What’s Behind the Rally?” with publication date: January 15, 2018.

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