Markets Wired

Stock Insights on Westlake Chemical Corporation (NYSE:WLK)

April 08
09:18 2015

Westlake Chemical Corporation (NYSE:WLK) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $73.53, down by -0.19%, with a volume of 729,040 shares against an average volume for the last 30 days of 908,036.

Westlake Chemical Corporation (WLK) reported last quarter earnings figures on February 24th. The company announced actual earnings per share of $1.4 against the consensus Street estimate of $1.4. This represents a year-on-year increase of earning per share of $0.13 from corresponding quarter of last year. Westlake Chemical Corporation posted revenue of $1.14 billion.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

The company is currently valued at $9.77 billion and closed the last trading session at $73.53. The stock has 50-day moving average of $66.51 and a 200-day moving average of $74.66.

Westlake Chemical Corporation (NYSE:WLK) is currently trading 25.3% below its 52-week-high, 37.62% above its 52-week-low and in the range of $64-$74.68 over the past month. The 1-year range for the stock is $53.43-$98.44. Westlake Chemical Corporation (WLK) has a price to book ratio of 3.36 versus S&P 500 average of 2.86. The company’s share price has outperformed the S&P 500 year to date by over 19.35%.

Westlake Chemical Corporation (WLK) current short interest stands at 1,247,275 shares. It has increased by 41% from the same period of last month. Around 3.1% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 908,036 shares, the number of days required to cover the short positions stand at 1.7 days.

Stock Analyst Perspectives: Click here for a free Trend Analysis Report

There are currently twelve analysts that we track that cover WLK. Of those twelve, seven have a buy rating, five have a hold rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $76.8 which represents an upside of 4.45% from the last closing price of $73.53.

Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $97 has been given to the stock, which represents an upside of 31.92% from the last closing price.

Indeed, Cowen and Company reiterated their outperform stance on April 07th, with a target price of $84, which represents an upside of 14.24% from the last closing price. Another research firm, EVA Dimensions, maintained their overweight stance on March 30th.

Company Profile

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated products. The Company serves a range of consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, and residential and commercial construction.

About Author

Robert Venne

Robert Venne

Robert Venne is a senior contributor that covers Biopharma companies and health stocks. Prior to joining Markets Wired, Rob was a media analyst at Raymond James.

Related Articles