Westlake Chemical (WLK) Reaches $113.94 52-Week High; VARONIS SYSTEMS (VRNS) Has 1.72 Sentiment

January 14, 2018 - By Vivian Currie

The stock of Westlake Chemical Corporation (NYSE:WLK) hit a new 52-week high and has $117.36 target or 3.00% above today’s $113.94 share price. The 7 months bullish chart indicates low risk for the $14.71B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $117.36 price target is reached, the company will be worth $441.30M more. The stock increased 0.61% or $0.69 during the last trading session, reaching $113.94. About 328,391 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since January 14, 2017 and is uptrending. It has outperformed by 28.35% the S&P500.

Varonis Systems, Inc. provides software solutions that protect data from insider threats and cyberattacks. The company has market cap of $1.45 billion. The company, through its software platform, allows organizations to analyze, secure, manage, and migrate volumes of unstructured data. It currently has negative earnings. It specializes in file and email systems that store spreadsheets, word processing documents, presentations, audio and video files, emails, and text.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $14.71 billion. It operates through two divisions, Olefins and Vinyls. It has a 24.66 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

Since August 15, 2017, it had 0 buys, and 1 sale for $968,620 activity. Shares for $968,620 were sold by Bender Mark Steven.

Among 18 analysts covering Westlake Chemical (NYSE:WLK), 11 have Buy rating, 1 Sell and 6 Hold. Therefore 61% are positive. Westlake Chemical has $120.0 highest and $52 lowest target. $90.69’s average target is -20.41% below currents $113.94 stock price. Westlake Chemical had 49 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Wednesday, December 13. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Buy” rating given on Tuesday, October 3 by Cowen & Co. On Friday, October 14 the stock rating was initiated by Tudor Pickering with “Hold”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 9 report. The firm has “Buy” rating given on Friday, November 17 by Cowen & Co. The firm earned “Buy” rating on Tuesday, September 26 by Nomura. RBC Capital Markets maintained it with “Buy” rating and $89.0 target in Monday, September 18 report. The rating was maintained by UBS with “Sell” on Friday, October 13. The stock has “Neutral” rating by Bank of America on Wednesday, November 8. Nomura maintained Westlake Chemical Corporation (NYSE:WLK) rating on Wednesday, November 8. Nomura has “Buy” rating and $108 target.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. It increased, as 21 investors sold Westlake Chemical Corporation shares while 61 reduced holdings. 55 funds opened positions while 58 raised stakes. 37.12 million shares or 5.60% less from 39.33 million shares in 2017Q2 were reported. Credit Suisse Ag holds 0.01% or 145,023 shares in its portfolio. Point72 Asia (Hong Kong) owns 1,451 shares. 4,851 are owned by Horizon Kinetics Ltd Liability. Toronto Dominion Savings Bank accumulated 0% or 2,500 shares. Soroban Prtn Lp has 1.40M shares. 115,384 were accumulated by California Employees Retirement. Driehaus Cap Management Lc has 8,558 shares. Gsa Cap Partners Llp stated it has 0.02% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Keybank Association Oh reported 16,209 shares. State Bank Of Ny Mellon holds 0.02% or 934,937 shares. Arcadia Investment Mngmt Corp Mi has invested 0.01% in Westlake Chemical Corporation (NYSE:WLK). Jaffetilchin Inv Prns holds 0.09% or 4,437 shares. 2,446 were reported by M&T National Bank. 4,800 were accumulated by Mutual Of America Capital Mgmt Ltd. Ameritas Inc has 0.03% invested in Westlake Chemical Corporation (NYSE:WLK) for 7,600 shares.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.64 EPS, up 88.51% or $0.77 from last year’s $0.87 per share. WLK’s profit will be $211.73M for 17.37 P/E if the $1.64 EPS becomes a reality. After $1.65 actual EPS reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -0.61% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 10 insider sales for $15.50 million activity.

The stock decreased 0.29% or $0.15 during the last trading session, reaching $52.05. About 164,778 shares traded. Varonis Systems, Inc. (VRNS) has risen 60.85% since January 14, 2017 and is uptrending. It has outperformed by 44.15% the S&P500.

Ion Asset Management Ltd. holds 13.2% of its portfolio in Varonis Systems, Inc. for 1.04 million shares. G2 Investment Partners Management Llc owns 322,114 shares or 5.35% of their US portfolio. Moreover, S Squared Technology Llc has 4.31% invested in the company for 121,886 shares. The New York-based Cadian Capital Management Lp has invested 4.18% in the stock. P.A.W. Capital Corp, a Connecticut-based fund reported 75,000 shares.

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