Westlake Chemical Corporation (NYSE:WLK) registered a 3.49% increase, still its new closing price is 63.44% up from the company’s 1 year high of 65.02.It posted -0.40% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 13 stock analysts following this company have an average price target at $62.50, with individual PT in the $44.00-$70.00 range. The shares moved at $64.07, implying that brokerage firms see shares gaining about 48.60% in twelve months time.
Westlake Chemical Corporation (WLK) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 14.43% rise year to date. A Chairman, 10% Owner at Westlake Chemical Corporation (WLK) offloaded shares in a transaction closed on Thursday November 17, 2016. Chao James sold 20,000 shares in the company at $54.15 each and collected $1,083,000 in proceeds. Chao James now owns 92,386,788 shares in the company after this transaction. A President & CEO, 10% Owner in the company, Chao Albert, disclosed a transaction on Thursday November 17, 2016 that ended up generating $1,083,000 from the sale of 20,000 shares at $54.15 per share.
Westlake Chemical Corporation (NYSE:WLK) Upcoming Results on Tap
Westlake Chemical Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.10 in that period. Sales during the quarter are predicted to arrive at $1.78 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.28 billion in revenue and EPS of $0.86. The mean forecast was for $1.45 billion and $0.89 a share, respectively. One quarter earlier, revenue for the stock was at $1.09 billion, with earnings at $0.85/share.
Westlake Chemical Corporation (WLK) Brokerage Update
Westlake Chemical Corporation (WLK) is in RBC Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Sector Perform by RBC Capital Mkts, according to news reported on Tuesday August 23, 2016.Another important research note was issued by SunTrust on Wednesday June 15, 2016.The firm upgraded WLK to Buy from Neutral. Over the last six months and over the last three months, the shares of Westlake Chemical Corporation (WLK), have changed 46.92% and 24.14%, respectively.