Westlake Chemical Partners LP Announces First Quarter 2019 Results
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Westlake Chemical (WLK) PT Lowered to $68 at Cowen
May 6, 2019 7:56 AM EDTCowen analyst Charles Neivert lowered the price target on Westlake Chemical (NYSE: WLK) to $68.00 (from $78.00) while maintaining a Market Perform rating following the company's 1Q earnings report. 1Q19 EBITDA was $336 MM, below consensus of $422 MM. FIFO accounting had a $19 MM negative EBITDA... More
Westlake Chemical (WLK) PT Lowered to $61 at Nomura/Instinet
May 3, 2019 7:04 AM EDTNomura/Instinet analyst Aleksey Yefremov lowered the price target on Westlake Chemical (NYSE: WLK) to $61.00 (from $79.00) while maintaining a Neutral rating following the company's 1Q. Overall, Yefremov believes WLKs 1Q results were incrementally negative for the stock. WLK delivered 1Q19 adjusted EBITDA of $336mn, 19%... More
Westlake Chemical Partners LP (WLKP) Tops Q1 EPS by 4c, Revenues Beat
May 2, 2019 6:31 AM EDTWestlake Chemical Partners LP (NYSE: WLKP) reported Q1 EPS of $0.46, $0.04 better than the analyst estimate of $0.42. Revenue for the quarter came in at $257.04 million versus the consensus estimate of $237 million.
With the third dropdown transaction of interest in OpCo into the Partnership, coupled with... More
