|Bid||76.75 x 1200|
|Ask||0.00 x 800|
|Day's Range||78.62 - 81.04|
|52 Week Range||59.78 - 124.30|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||6.31|
|Earnings Date||Feb 19, 2019|
|Forward Dividend & Yield||1.00 (1.29%)|
|1y Target Est||85.32|
New “Build Royal” booth design will highlight vinyl and composite siding additions, a range of trim products and Zuri Premium Decking
Eastman Chemical Declares First-Quarter DividendEastman Chemical declares first-quarter dividend In a press release on February 14, Eastman Chemical (EMN) announced its dividend for the first quarter of 2019. EMN declared a dividend of $0.62, an
Westlake Chemical Corporation will release its 2018 fourth quarter and full year earnings prior to the market opening on Tuesday, February 19, 2019. The company will host a conference call at 11:00 a.m.
Chemical Companies: Key Updates Last Week(Continued from Prior Part)Celanese to increase acetyl intermediates prices On January 31, Celanese (CE) announced that it would increase acetyl intermediates prices. The price increase is effective
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we'll show how Westlake Chemical Corporation's (NYSE:WLK) Read More...
DowDuPont's Q4 Earnings: What Investors Can Expect(Continued from Prior Part)DowDuPont’s fourth-quarter earningsDowDuPont (DWDP) is scheduled to announce its fourth-quarter earnings on January 31 before the market opens. DowDuPont will hold a
# Westlake Chemical Corp ### NYSE:WLK View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for WLK with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WLK. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $631 million over the last one-month into ETFs that hold WLK are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, Jan. 23, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Weekly Update: Specialty Chemicals in the Week Ending January 18(Continued from Prior Part)Celanese appointed a new general counsel On January 17, Celanese (CE) announced that it appointed A. Lynne Puckett as the company’s senior vice president
Weekly Update: Specialty Chemicals in the Week Ending January 18LyondellBasell’s leadership roleOn January 16, LyondellBasell (LYB) announced that its CEO Bob Patel, Proctor & Gamble’s (PG) CEO David Taylor, and Veolia’s CEO Antoine
While Westlake Chemical (WLK) faces headwind from higher feedstock costs, it should gain from strong demand, strategic investments and acquisitions.
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## A. Schulman’s dividend for the convertible special stock On January 4, A. Schulman, a subsidiary of LyondellBasell (LYB), announced a quarterly dividend for its convertible special stock. A. Schulman declared a dividend of $15.00 per share. A. Schulman has set January 15 as the record date. The dividend for the convertible special stock is expected to be paid on February 1. Investors who hold the convertible special stock on the record date will be eligible for the dividend. In 2017, A. Schulman paid $7.5 million towards the convertible special stock. At the end of August 2017, there were 125,000 convertible special stocks, which means that A. Schulman would be paying ~1.85 million in dividends. ## LyondellBasell’s stock performance LyondellBasell remained positive in the first week of 2019. The stock gained 5.25% for the week and closed at $86.70. Despite the gains, the stock traded 10.9% below the 100-day moving average price of $97.32. LyondellBasell’s 100-day moving average has fallen from a high of $111.04, which indicates the downward trend in the stock. In 2018, LyondellBasell fell ~24.6%. Celanese (CE), Westlake Chemical (WLK), and Eastman Chemical (EMN) have fallen 16.0%, 37.9%, and 21.1%, respectively. LyondellBasell’s 14-day relative strength index of 54 indicates that the stock isn’t overbought or oversold. Investors could hold LyondellBasell indirectly by investing in the Invesco S&P 500 Equal Weight Materials ETF (RTM), which gained 3.1% the previous week. RTM has invested 4.3% of its portfolio in LyondellBasell as of January 4. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 3 - Westlake Chemical Completed the Nakan Acquisition
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## Westlake Chemical completed the Nakan acquisition On January 2, Westlake Chemical (WLK) announced that it completed the Nakan acquisition. Westlake Chemical entered into an agreement with OpenGate Capital on September 25. In an all-cash deal, Westlake Chemical will pay $265 million for the acquisition. The acquisition will complement Westlake Chemical’s compounding business. The acquisition will likely help Westlake Chemical increase its global presence in compounding solutions. The company will have facilities in France, Germany, China, Italy, Japan, Spain, Mexico, Vietnam, and the US. The acquisition is seen as a strategic fit for Westlake Chemical. The impact of the acquisition will likely be reflected in the first-quarter earnings. Albert Chao, Westlake Chemical’s president and CEO, said, “NAKAN brings an impressive business with an outstanding reputation for meeting customer needs with superior technology, product quality, and operating excellence. We are pleased to welcome their talented team into the Westlake family of companies.” ## Stock price update Westlake Chemical stock bounced back after declining for a while. The stock gained 7.7% for the week and closed at $69.57. However, the stock is still trading 11.4% below its 100-day moving average price of $78.56. Westlake Chemical’s 100-day moving average has fallen from a peak of $112.40. In 2018, Westlake Chemical declined 37.9%%, while Eastman Chemical (EMN), Celanese (CE), and LyondellBasell (LYB) declined 21.1%, 16%, and 24.6%, respectively. Westlake Chemical’s 14-day relative strength index of 57 indicates that the stock isn’t overbought or oversold. Investors could hold Westlake Chemical indirectly by investing in the PowerShares DWA Basic Materials Momentum Portfolio ETF (PYZ). PYZ invests 1.9% of its portfolio in Westlake Chemical. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 4 - A. Schulman Announces Dividend for the Convertible Special Stock
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## Celanese acquires Next Polymers On January 2, Celanese (CE) announced that it completed the acquisition of Next Polymers—one of India’s largest engineering thermoplastics compounders. Celanese entered into a definitive agreement with Next Polymers on October 11. However, Celanese didn’t disclose the financial aspects of the deal. The acquisition will likely help Celanese improve its footprint in India. The impact of the acquisition will likely be reflected in the first quarter. Next Polymers has a capacity production of 20 kilotons of various engineering thermoplastics compounders. Scott Sutton, Celanese’s COO, said, “This acquisition complements our rapidly growing India business and establishes Celanese as a leader in the Indian ETP market by broadening our ability to serve nylon and other engineered materials customers with high product quality and service levels, while also offering our customers a wider range of polymer products.” ## Stock price update Celanese ended the first week of 2019 on a positive note. The stock closed at $91.46 and gained 2.2% for the week ending January 4. Despite the gains, Celanese stock traded 11.8% below the 100-day moving average price of $103.68. Celanese’s 100-day moving average has fallen from $104.38 to the current levels, which indicates weakness in the stock. For 2018, Celanese stock declined 16%. Eastman Chemical (EMN), LyondellBasell (LYB), and Westlake Chemical (WLK) declined 21.10%, 11.6, 24.6%, and 37.9%, respectively, in 2018. Celanese’s 14-day RSI (relative strength index) score of 36 indicates that the stock isn’t overbought or oversold. An RSI of 30 and below indicates that the stock is oversold. An RSI of 70 and above indicates that the stock has moved into the overbought position. Investors could hold Celanese indirectly through the Invesco DWA Basic Materials Momentum ETF (PYZ). PYZ had 3.2% exposure to Celanese as of January 4. PYZ gained 3.1% for the week. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 3 - Westlake Chemical Completed the Nakan Acquisition * Part 4 - A. Schulman Announces Dividend for the Convertible Special Stock
The combination is a strategic move that complements Westlake Chemical's (WLK) existing compounding business and enables it to expand the compounding business globally.
Houston-based Westlake Chemical Corp. (NYSE: WLK) closed an acquisition worth hundreds of millions of dollars, bringing a French chemical company into the fold. “We are pleased to welcome their talented team into the Westlake family of companies,” said Westlake’s president and CEO, Albert Chao, in a Jan. 2 press release. “They are in places in Vietnam, in China and Europe where we are not operating,” Chao said on his company’s third-quarter earnings call.
Westlake Chemical Corporation (WLK) today completed the previously announced acquisition of NAKAN™, a global compounding solutions business. NAKAN’s products are used in a wide-variety of applications, including in the automotive, building and construction, and medical industries. “The combination of NAKAN with Westlake’s existing compounding business represents an excellent strategic fit.
On October 30, International Flavors & Fragrances (IFF) was trading at a one-year forward PE multiple of 18.66x. In comparison, Sensient Technologies (SXT) was trading at a one-year forward PE multiple of 14.3x. The forward PE multiple takes a company’s future earnings into consideration.