Published: Thu, February 23, 2017
Finance | By Laverne Griffith

Movers of Yesterday -Edison International (NYSE:EIX), Westlake Chemical Corporation (NYSE:WLK)


WLKP reported $0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06.

The mean revenue estimate for the current fiscal period ending December 2016 is $1.76B by 10 brokerage firms. The average revenue estimate for the year ending December 2016 is $776.62M by 15 analysts. Westlake Chemical Corporation's (WLK) is a part of Basic Materials sector and belongs to Specialty Chemicals industry.

While looking at the Stock's Performance, Westlake Chemical Corp. now shows a Weekly Performance of 2.11%, where Monthly Performance is 7.8%, Quarterly performance is 24.09%, 6 Months performance is 30.15% and yearly performance percentage is 48.49%.

EIX was trading -1.65% below its 52-week high and 26.98% above its 52-week low. Latest closing price was -6.43% below its 50-day moving average and -12.87% below its 200-day moving average. The total market capitalization remained at $29.35 billion.

The company also recently announced a dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 28th will be issued a $0.1906 dividend. The ex-dividend date of this dividend is Friday, February 24th.

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Institutional investors have recently modified their holdings of the company. Seven Eight Capital LP acquired a new position in shares of Westlake Chemical Corporation during the fourth quarter valued at $336,000. MSI Financial Services Inc raised its position in Westlake Chemical Corporation by 22.4% in the third quarter. MSI Financial Services Inc now owns 3,493 shares of the company's stock worth $187,000 after buying an additional 640 shares during the last quarter. The Predicted Move on the 7th day after Westlake Chemical Corp. Bank of New York Mellon Corp now owns 110,280 shares of the company's stock worth $2,203,000 after buying an additional 4,934 shares during the last quarter. Finally, BancorpSouth Inc raised its position in shares of Westlake Chemical Corporation by 1.1% in the third quarter. WLK's value Change from Open was at -0.84% with a Gap of -0.75%. J P Morgan Chase & Co set a $60.00 target price on shares of Westlake Chemical Corporation and gave the company a "buy" rating in a report on Friday, November 11th. Analysts have placed a $63.69 price target on Westlake Chemical Corporation, suggesting a -3.19% decline from recent close.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Vertical Group raised shares of Westlake Chemical Corporation from a "hold" rating to a "buy" rating in a report on Monday, November 21st. First Horizon National Corporation has 1 buy ratings, 13 holds and 0 sells even after the stock tumbled -3.12% from its high of $20.84 to a $4.74 billion market value through 2/21/2017. Vertical Research upgraded shares of Westlake Chemical Corporation from a "hold" rating to a "buy" rating in a report on Monday, November 21st.

Fourth quarter 2016 net income of $98.9 million, or $0.76 per diluted share, raised $33.2 million from the $65.7 million, or $0.51 per diluted share, stated in the third quarter of 2016.

According to Zacks, "Westlake Chemical Partners LP is a manufacturer and supplier of petrochemicals, vinyls, polymers and building products".

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