|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||106.19 - 112.59|
|52 Week Range||59.58 - 121.30|
|PE Ratio (TTM)||10.81|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||0.84 (0.76%)|
|1y Target Est||120.68|
Westlake Chemical Partners LP (NYSE:WLKP), a chemicals company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months,Read More...
LyondellBasell is set to announce its 1Q18 earnings on April 27 before the market opens. It will hold a conference call on the same day at 11:00 AM EST. In this series, we’ll look at LyondellBasell’s stock performance since its 4Q17 earnings. We’ll also look at analysts’ revenue and EPS (or earnings per share) estimates and the latest recommendations for the stock. Finally, we’ll compare LYB’s latest valuation against its peers and look at LYB’s short interest.
The materials industry is deeply cyclical with producers benefiting highly during an economic boom and many players going bankrupt in a bust. Therefore, this industry is a macroeconomic play withRead More...
Westlake Chemical Corporation will release its first quarter 2018 earnings prior to the market opening on Thursday, May 3, 2018. The company will host a conference call at 11:00 a.m.
Moody's Investors Service, ("Moody's") affirmed all existing ratings for Westlake Chemical Corporation, assigned (P)Baa3 to the senior unsecured shelf, and revised the rating outlook to positive ...
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. In the past 3 years Westlake Chemical Partners LP (NYSE:WLKP)Read More...
On April 10, 2018, Celanese (CE) announced price hikes for several products. These price hikes are effective immediately or according to the respective contracts. This price increase is expected to impact the Asia Outside China region. Below are the details of the price increases: Butyl acetate prices are expected to increase $50.00 per metric ton in Asia Outside China. Ethyl acetate prices are expected to increase $50.00 per metric ton in Asia Outside China. Vinyl acetate monomer (or VAM) prices are expected to see a price hike of $100.00 per metric ton in Asia Outside China. ...
Westlake Chemical (WLKP) is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front.
See what the median employee makes at Anadarko, Westlake Chemical, NRG, Concho Resources and Enbridge.
The Trump administration's actions to impose heavy tariffs on steel imports and threats of tariffs on U.S. chemical exports by China are detrimental to the American chemical industry.
Westlake Chemical’s (WLK) stock price has risen 4.3%, while LyondellBasell (LYB) and Olin (OLN) have fallen 4.2% and 14.6%, respectively, in the same period. Eastman Chemical’s strong performance is due to better-than-expected 4Q17 earnings. EMN reported 4Q17 adjusted earnings per share of $1.62 and reported revenue of $2.4 billion as compared to $2.2 billion in 4Q16 earnings.
EMN’s short interest has risen since the beginning of 2018. Its short interest had increased to 3.7% as of March 22, 2018. The trend suggests that as the prices increased, the short interest on EMN also increased, indicating that fresh shorts were initiated at higher price levels.
In 2017, Eastman Chemical had interest expenses of $241 million, a decline of 5.5% on a YoY (year-over-year) basis. The decrease in EMN’s interest expense was primarily due to the refinancing of certain public debt and repayment of the term loan in 2017. As EMN’s debt has fallen, EMN’s interest expense has correspondingly decreased.
At the end of 2017, Eastman Chemical (EMN) reported debt of $6.54 billion compared to $6.59 billion in 2016. Though the debt remained more or less the same on a year-over-year basis, it has been sliding down since 2015. EMN’s debt has fallen from $7.55 billion in 2014 to the present $6.59 billion, which indicates the company has started the deleveraging process and we can expect it to get better and better with steady free cash flow in place. The chart below shows long-term borrowings and borrowings due within one year. EMN’s stockholder equity grew by 17.3% in 2017, and a marginal reduction in debt has resulted in an improved debt-to-equity ratio.
High-growth stocks that are financially stable are attractive for many reasons. They provide a strong upside to your portfolio, with less likelihood of downside risks compared to less financially robustRead More...
In comparison, its peer Praxair (PX) has a one-year forward PE of 21.3x. Forward PE is a measure investors can use to compare two or more companies operating in the same industry to tell which is overvalued and which is undervalued.
Investors are always looking for growth in small-cap stocks like Westlake Chemical Partners LP (NYSE:WLKP), with a market cap of US$726.95M. However, an important fact which most ignore is: howRead More...
Does the share price for Westlake Chemical Corporation (NYSE:WLK) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF) method. Anyone interestedRead More...
The increase in LYB’s interest expense was primarily the result of pretax charges of $113 million on $1 billion worth of senior notes carrying a 5% coupon rate. The company’s interest expense is expected to fall in 2018, as its debt levels have shown a declining trend. Note that LYB’s interest expense fell from $655 million in 2012 to $309 million in 2013 despite a rise in its debt.
A February 28, 2018, short interest report shows that LyondellBasell’s (LYB) short interest has fallen since the beginning of 2018. LyondellBasell reported strong 4Q17 earnings, and it’s poised to continue this positive momentum in the upcoming quarters. At the same time, LYB is set to acquire Schulman in an all-cash deal for $2.3 billion.