Westlake Chemical Corporation (NYSE:WLK) announced today that one of its wholly owned subsidiaries, Westlake Chemical Partners LP (“Chemical Partners”), has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to its proposed initial public offering of common units representing limited partner interests. Chemical Partners is a Delaware limited partnership recently formed by Westlake to operate, acquire and develop ethylene production facilities and related assets. Chemical Partners’ initial assets are expected to consist of the general partner interest and a portion of the limited partner interest in Westlake Chemical OpCo LP, which will own and operate ethylene production and pipeline assets. Westlake Chemical Corporation (NYSE:WLK) shares after opening at $68.00 moved to $73.38 on last trade day and at the end of the day closed at $70.53. Company price to sales ratio in past twelve months was calculated as 2.53 and price to cash ratio as 13.55. Westlake Chemical Corporation (NYSE:WLK) showed a positive weekly performance of 5.79%.
On March 25, 2014, offshore drilling contract Pacific Drilling (PACD) gave a presentation at the Howard Weil Energy Conference. In this presentation, the company spent a great deal of time discussing the current trends in the industry as well as how the company is positioning itself to take advantage of each of these trends. Pacific Drilling SA (NYSE:PACD) shares fell -0.10% in last trading session and ended the day on $9.89. PACD return on equity ratio is recorded as 1.10% and its return on assets is 0.50%. Pacific Drilling SA (NYSE:PACD) yearly performance is -1.30%.
BMO Capital Markets upgraded shares of Advantage Oil & Gas (NYSE:AAV) from an underperform rating to a market perform rating in a research report released on Monday morning, ARN reports. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) shares moved up 4.27% in last trading session and was closed at $6.35, while trading in range of $6.11-$6.37. Advantage Oil & Gas Ltd (USA) (NYSE:AAV) year to date performance is 46.31%.
Compass Minerals (NYSE:CMP) reports the following results of its first-quarter operations: Net earnings were $50.2 million, or $1.49 per diluted share, an 8 percent increase from first-quarter 2013 results.Compass Minerals International, Inc. (NYSE:CMP) weekly performance is 4.43%. On last trading day company shares ended up $87.96. Compass Minerals International, Inc. (NYSE:CMP) distance from 50-day simple moving average is 4.58%. Analysts mean target price for the company is $83.50.
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