EPS for Westlake Chemical Corporation (WLK) Expected At $2.27

October 13, 2018 - By Lawrence Diaz

Westlake Chemical Corporation (NYSE:WLK) LogoInvestors sentiment increased to 1.28 in Q2 2018. Its up 0.26, from 1.02 in 2018Q1. It is positive, as 43 investors sold Westlake Chemical Corporation shares while 77 reduced holdings. 64 funds opened positions while 89 raised stakes. 38.29 million shares or 5.72% more from 36.22 million shares in 2018Q1 were reported.
Prelude Management Ltd invested in 0% or 663 shares. Price T Rowe Associates Incorporated Md holds 15,859 shares. Parallax Volatility Advisers Limited Partnership reported 0% in Westlake Chemical Corporation (NYSE:WLK). Goldman Sachs invested in 0.04% or 1.32M shares. Barrow Hanley Mewhinney Strauss Ltd Limited Liability Company reported 0% in Westlake Chemical Corporation (NYSE:WLK). Gsa Cap Limited Liability Partnership stated it has 0.13% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). State Common Retirement Fund, a New York-based fund reported 144,179 shares. Proshare Advsr Lc reported 4,666 shares. 142,316 are owned by Nuveen Asset Mgmt Ltd Co. Ls Inv Advsrs Ltd Liability Corporation holds 0.01% or 1,077 shares. Dupont Management Corp has invested 0.02% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Private Advisor Grp Inc Ltd Limited Liability Company reported 3,134 shares. Amundi Pioneer Asset Management Inc invested in 0% or 12,398 shares. Kennedy Management Inc holds 0.1% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 48,890 shares. Bancorp Of Hawaii has invested 0.05% in Westlake Chemical Corporation (NYSE:WLK).

Since May 10, 2018, it had 0 buys, and 5 sales for $8.44 million activity. On Thursday, May 10 Jenkins Dorothy C sold $6,085 worth of Westlake Chemical Corporation (NYSE:WLK) or 52 shares. Shares for $4.02 million were sold by Chao James on Thursday, May 24. 1,447 shares were sold by Buesinger Robert F., worth $172,012.

Analysts expect Westlake Chemical Corporation (NYSE:WLK) to report $2.27 EPS on November, 6.They anticipate $0.62 EPS change or 37.58 % from last quarter’s $1.65 EPS. WLK’s profit would be $294.32 million giving it 8.90 P/E if the $2.27 EPS is correct. After having $2.45 EPS previously, Westlake Chemical Corporation’s analysts see -7.35 % EPS growth. The stock increased 1.62% or $1.29 during the last trading session, reaching $80.83. About 957,633 shares traded or 10.47% up from the average. Westlake Chemical Corporation (NYSE:WLK) has risen 8.23% since October 14, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Among 11 analysts covering Westlake Chemical Corp (NYSE:WLK), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Westlake Chemical Corp had 15 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, April 17. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Buy” rating given on Monday, May 14 by Alembic. Deutsche Bank maintained it with “Buy” rating and $105 target in Wednesday, September 26 report. JP Morgan maintained the shares of WLK in report on Friday, June 1 with “Neutral” rating. Alembic maintained the stock with “Buy” rating in Monday, June 4 report. The rating was downgraded by Nomura to “Neutral” on Wednesday, July 11. The firm earned “Buy” rating on Friday, May 11 by Cowen & Co. The firm has “Hold” rating by RBC Capital Markets given on Monday, June 11. The rating was maintained by Citigroup on Wednesday, July 11 with “Buy”. As per Wednesday, August 29, the company rating was maintained by JP Morgan.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $10.48 billion. It operates through two divisions, Olefins and Vinyls. It has a 6.69 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 news for Westlake Chemical Corporation (NYSE:WLK) were recently published by: Bizjournals.com, which released: “Houston Exponential raises $25M fund of funds to bolster city’s tech scene” on October 11, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For October 8, 2018” and published on October 08, 2018 is yet another important article.

Westlake Chemical Corporation (NYSE:WLK) Institutional Positions Chart

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