Guggenheim Capital LLC Sells 1521 Shares of Westlake Chemical Co. (WLK)

Tuesday, 17 Apr, 2018

The price target gives a potential upside of 17.83% from company's last price.

Among 8 analysts covering Birchcliff Energy Ltd. (TSE:BIR), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 43% are positive. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Citigroup maintained the shares of WLK in report on Wednesday, February 21 with "Buy" rating. The company is expected to report its next earnings report on Tuesday, May 1st. (NYSE:T) has "Hold" rating given on Wednesday, October 11 by KeyBanc Capital Markets. They set an "equal weight" rating and a $120.00 target price on the stock. The firm has "Buy" rating by Pivotal Research given on Friday, May 6. The rating was maintained by SunTrust with "Buy" on Thursday, November 16.

Hancock Holding Company increased Vanguard Intermediate Term Bond Index 5314 (VBILX) stake by 42,834 shares to 1.15 million valued at $13.02 million in 2017Q4. As of December 31, 2016, it had proved plus probable reserves of 880.5 MMboe; 572.7 MMboe of proved reserves; and working interests in various gas plants, oil batteries, compressors, facilities, and infrastructure, as well as held 421,111 net acres of undeveloped land. Virtus Inv Advisers Incorporated invested in 3,939 shares or 0% of the stock. About 9.76 million shares traded. It has underperformed by 11.55% the S&P500. Zacks Investment Research lowered Westlake Chemical Partners from a "hold" rating to a "sell" rating in a research note on Wednesday, March 7th. Therefore 39% are positive. When the stock is trading close to the 52-week high or 52-week low, investors may pay extra attention to see if there will be a move through that level. $105.88's average target is -4.03% below currents $110.33 stock price. BMO Capital Markets maintained Post Holdings, Inc.

Every trading day indicate diverse behavior and trends about Westlake Chemical Corporation (WLK) stock. The stock of Westlake Chemical Partners LP (NYSE:WLKP) earned "Neutral" rating by B. Riley & Co on Tuesday, December 19. This average rating includes analysts who have given Buy, Sell and Hold ratings on the name. The rating was maintained by Cowen & Co with "Outperform" on Friday, January 8. Nomura upgraded Westlake Chemical Corporation (NYSE:WLK) on Tuesday, September 26 to "Buy" rating. The rating was downgraded by Deutsche Bank on Wednesday, January 11 to "Hold". After having $1.62 EPS previously, Westlake Chemical Corporation's analysts see 27.16% EPS growth. During the same period in the prior year, the firm earned $0.87 EPS. WLK's profit would be $266.95 million giving it 13.18 P/E if the $2.06 EPS is correct. The stock increased 1.18% or $0.4159 during the last trading session, reaching $35.5559. The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since April 17, 2017 and is uptrending. It has outperformed by 64.88% the S&P500.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $14.30 billion. It operates through two divisions, Olefins and Vinyls. It has a 11.03 P/E ratio. OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen.

Since February 27, 2018, it had 5 buys, and 0 selling transactions for $356,595 activity. Also, CFO Mark Steven Bender bought 2,000 shares of Westlake Chemical Partners stock in a transaction dated Tuesday, February 27th. Also, SVP Andrew Kenner sold 24,318 shares of the stock in a transaction dated Monday, March 5th. 9,351 shares were sold by Teel Lawrence E., worth $1.05M on Monday, February 26.

Big Money Sentiment decreased to 1.31 in Q4 2017. Narrowing in a bit closer, the 5 month price index is 1.18437, the 3 month is 1.01627, and the 1 month is now 0.96417. The ratio fall due to Westlake Chemical Partners LP positioning: 41 sold and 72 reduced. According to analysts polled by Zacks Research, the current average rating on shares of Westlake Chemical Corporation (NYSE:WLK) is 2.17. Plante Moran Advsr Ltd Liability Co reported 36 shares. Following the completion of the acquisition, the chief financial officer now directly owns 12,000 shares in the company, valued at $285,240. Bradley Foster And Sargent Ct has invested 0.06% of its portfolio in Westlake Chemical Corporation (NYSE:WLK).

Lord Abbett And Ltd Limited Liability Company stated it has 0.06% of its portfolio in Westlake Chemical Partners LP (NYSE:WLKP). Rothschild Asset Management holds 0.46% or 410,082 shares in its portfolio. State Board Of Administration Of Florida Retirement Systems holds 0.01% or 50,512 shares. The Piotroski F-Score of Westlake Chemical Partners LP (NYSE:WLKP) is 4. During the same period last year, the company posted $0.87 earnings per share. equities analysts expect that Westlake Chemical Co. will post 8.48 EPS for the current year. Minnesota-based Ameriprise Inc has invested 0.03% in Westlake Chemical Partners LP (NYSE:WLKP). LUKENS MAX L also sold $1.95M worth of Westlake Chemical Corporation (NYSE:WLK) shares. Finally, Bamco Inc. NY increased its stake in Westlake Chemical Partners by 2.1% in the third quarter.

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