Westlake Chemical Partners LP (NYSE: WLKP) has reported E.P.S. of $0.51 for its third fiscal quarter (ending September 30) versus $0.37 for the same period a year ago — an increase of 38%. For the latest four quarters through September 30, E.P.S. were $1.76 compared to $1.62 a year ago — an increase of 9%.
Recent Price Action
On 11/5/24, Westlake Chemical Partners LP (NYSE: WLKP) stock declined slightly by -0.04%, closing at $22.45. Moreover, unusually high trading volume at 174% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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 (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Westlake Chemical Partners has a neutral Appreciation Score of 57 and a slightly negative Power Rating of 34, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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