Somewhat Negative Press Coverage Somewhat Unlikely to Affect Westlake Chemical Partners (WLKP) Stock Price

News coverage about Westlake Chemical Partners (NYSE:WLKP) has been trending somewhat negative recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westlake Chemical Partners earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.8338824214134 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Westlake Chemical Partners (NYSE WLKP) traded down 1.31% on Thursday, reaching $22.55. The company had a trading volume of 41,404 shares. The stock’s 50-day moving average price is $23.44 and its 200-day moving average price is $24.32. The stock has a market capitalization of $610.18 million, a P/E ratio of 15.87 and a beta of 1.21. Westlake Chemical Partners has a 12-month low of $19.25 and a 12-month high of $26.25.

Westlake Chemical Partners (NYSE:WLKP) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate 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 company had revenue of $290.11 million during the quarter, compared to the consensus estimate of $381.59 million. During the same quarter in the prior year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. On average, equities research analysts anticipate that Westlake Chemical Partners will post $1.59 EPS for the current fiscal year.

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Westlake Chemical Partners Company Profile

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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