Westlake Chemical Partners LP (NYSE: WLKP). Extremely important positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Westlake Chemical Partners LP (NYSE: WLKP). Marginal positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WLKP is expected to continue to be a modest Value Builder.
Westlake Chemical Partners has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Westlake Chemical Partners has a neutral Power Rating of 60 and a slightly positive Appreciation Score of 67, triggering the High Neutral Value Trend Rating.
Recent Price Action
Westlake Chemical Partners LP (NYSE: WLKP) stock rose modestly by 0.5% on 12/15/23. The stock closed at $22.35. However, trading volume in this advance was exceptionally low at 40% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.8% during the last week.
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