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Westlake Chemical Partners Slumps: WLKP Falls 6.2% in Session

Westlake Chemical Partners LP ( WLKP ) saw a big move last session, as the company's shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. WLKP was up nearly 15% from Aug 24 to Sep 21, but lost about 9% since then.

The chemical-specialty company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

WLKP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same sector is Eastman Chemical Co. ( EMN ), holding a Zacks Rank #2 (Buy).

Is WLKP going up? Or down? Predict to see what others think: Up or Down

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WESTLAKE CHEMCL (WLKP): Free Stock Analysis Report

EASTMAN CHEM CO (EMN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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