Westlake Chemical Partners LP (NYSE: WLKP). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.
Significant positive changes in Westlake Chemical Partners LP (NYSE: WLKP) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
WLKP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Westlake Chemical Partners has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Westlake Chemical Partners has a neutral Appreciation Score of 57 and a neutral Power Rating of 43, producing the Neutral Value Trend Rating.
Recent Price Action
Westlake Chemical Partners LP (NYSE: WLKP) stock closed at $23.06 on 8/26/24 after an increase of 1.5%. Moreover, trading volume in this advance was exceptionally high at 209% of normal. The stock has performed in line with the market over the last nine months and has risen 1.7% during the last week.
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