Westlake Chemical Partners LP Company Profile (NYSE:WLKP)

About Westlake Chemical Partners LP (NYSE:WLKP)

Westlake Chemical Partners LP logoWestlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. As of December 31, 2016, OpCo's assets included three ethylene production facilities, which primarily convert ethane into ethylene, and a 200-mile ethylene pipeline. As of December 31, 2016, OpCo owned two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), and one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 630 million pounds.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Chemicals - Major Diversified
  • Sub-Industry: N/A
  • Symbol: NYSE:WLKP
  • CUSIP: N/A
  • Web: www.wlkpartners.com
Capitalization:
  • Market Cap: $665.65 million
  • Outstanding Shares: 27,059,000
Average Prices:
  • 50 Day Moving Avg: $25.11
  • 200 Day Moving Avg: $23.64
  • 52 Week Range: $18.73 - $26.25
P/E:
  • Trailing P/E Ratio: 17.24
  • Foreward P/E Ratio: 17.08
  • P/E Growth: 0.27
Sales & Book Value:
  • Annual Revenue: $1.01 billion
  • Price / Sales: 0.66
  • Book Value: $12.76 per share
  • Price / Book: 1.93
Dividend:
  • Annual Dividend: $1.38
  • Dividend Yield: 5.7%
Profitability:
  • EBIDTA: $439.46 million
  • Net Margins: 4.34%
  • Return on Equity: 4.71%
  • Return on Assets: 2.84%
Debt:
  • Debt-to-Equity Ratio: 0.67%
  • Current Ratio: 4.04%
  • Quick Ratio: 3.97%
Misc:
  • Average Volume: 25,542 shs.
  • Beta: 1.29
  • Short Ratio: 3.5
 

Frequently Asked Questions for Westlake Chemical Partners LP (NYSE:WLKP)

What is Westlake Chemical Partners LP's stock symbol?

Westlake Chemical Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLKP."

How often does Westlake Chemical Partners LP pay dividends? What is the dividend yield for Westlake Chemical Partners LP?

Westlake Chemical Partners LP declared a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Monday, May 15th will be paid a dividend of $0.3549 per share on Tuesday, May 30th. This represents a $1.42 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Thursday, May 11th. This is an increase from Westlake Chemical Partners LP's previous quarterly dividend of $0.35. View Westlake Chemical Partners LP's Dividend History.

How were Westlake Chemical Partners LP's earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) issued its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.08. The business had revenue of $277.45 million for the quarter, compared to analyst estimates of $339.88 million. Westlake Chemical Partners LP had a net margin of 4.34% and a return on equity of 4.71%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. View Westlake Chemical Partners LP's Earnings History.

When will Westlake Chemical Partners LP make its next earnings announcement?

Westlake Chemical Partners LP is scheduled to release their next quarterly earnings announcement on Wednesday, July, 26th 2017. View Earnings Estimates for Westlake Chemical Partners LP.

Where is Westlake Chemical Partners LP's stock going? Where will Westlake Chemical Partners LP's stock price be in 2017?

2 equities research analysts have issued 12 month target prices for Westlake Chemical Partners LP's shares. Their forecasts range from $23.00 to $30.00. On average, they anticipate Westlake Chemical Partners LP's share price to reach $26.50 in the next twelve months. View Analyst Ratings for Westlake Chemical Partners LP.

Who are some of Westlake Chemical Partners LP's key competitors?

Who owns Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP's stock is owned by a number of of institutional and retail investors. Top institutional investors include OppenheimerFunds Inc. (11.20%), Morgan Stanley (2.90%), UBS Group AG (2.37%), Duff & Phelps Investment Management Co. (1.00%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.91%) and Goldman Sachs Group Inc. (0.88%). Company insiders that own Westlake Chemical Partners LP stock include Angela A Minas and David Lumpkins. View Institutional Ownership Trends for Westlake Chemical Partners LP.

Who sold Westlake Chemical Partners LP stock? Who is selling Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP's stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Morgan Stanley, Van ECK Associates Corp, UBS Group AG, Metropolitan Life Insurance Co. NY, Credit Suisse AG, Goldman Sachs Group Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for Westlake Chemical Partners LP.

Who bought Westlake Chemical Partners LP stock? Who is buying Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP's stock was purchased by a variety of institutional investors in the last quarter, including Tiedemann Wealth Management LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Renaissance Technologies LLC, JPMorgan Chase & Co. and Bank of New York Mellon Corp. Company insiders that have bought Westlake Chemical Partners LP stock in the last two years include Angela A Minas and David Lumpkins. View Insider Buying and Selling for Westlake Chemical Partners LP.

How do I buy Westlake Chemical Partners LP stock?

Shares of Westlake Chemical Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Westlake Chemical Partners LP stock cost?

One share of Westlake Chemical Partners LP stock can currently be purchased for approximately $24.60.

Analyst Ratings

Consensus Ratings for Westlake Chemical Partners LP (NYSE:WLKP) (?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $26.50 (7.72% upside)

Analysts' Ratings History for Westlake Chemical Partners LP (NYSE:WLKP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/12/2017FBR & CoBoost Price TargetOutperform$28.00 -> $30.00LowView Rating Details
1/20/2017Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
2/25/2016Deutsche Bank AGLower Price TargetBuy$40.00 -> $22.00N/AView Rating Details
2/24/2016Barclays PLCLower Price TargetEqual Weight$23.00 -> $21.00N/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for Westlake Chemical Partners LP (NYSE:WLKP)
Earnings by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Earnings History by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/26/2017        
5/2/2017Q1 2017$0.43$0.35$339.88 million$277.45 millionViewListenView Earnings Details
2/21/2017Q416$0.42$0.39$347.07 million$293.90 millionViewListenView Earnings Details
11/8/2016Q316$0.42$0.32$299.18 million$193.96 millionViewListenView Earnings Details
7/28/2016Q216$0.26$0.34$177.91 million$210.84 millionViewListenView Earnings Details
5/3/2016Q116$0.40$0.45$282.79 million$252.60 millionViewN/AView Earnings Details
2/23/2016Q415$0.41$0.40$268.91 million$248.50 millionViewListenView Earnings Details
11/3/2015Q315$0.40$0.37$268.76 million$248.60 millionViewN/AView Earnings Details
8/4/2015Q215$0.39$0.39$266.32 million$251.70 millionViewN/AView Earnings Details
5/4/2015Q115$0.32$0.31$259.79 million$258.40 millionViewN/AView Earnings Details
2/24/2015Q414$0.34$0.32$296.97 million$273.50 millionViewN/AView Earnings Details
11/4/2014Q314$0.34$0.19$293.26 million$392.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Westlake Chemical Partners LP (NYSE:WLKP)
Current Year EPS Consensus Estimate: $1.51 EPS
Next Year EPS Consensus Estimate: $1.44 EPS

Dividends

Current Dividend Information for Westlake Chemical Partners LP (NYSE:WLKP)
Next Dividend:5/30/2017
Annual Dividend:$1.38
Dividend Yield:5.61%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:91.39% (Trailing 12 Months of Earnings)
91.39% (Based on This Year's Estimates)
95.83% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)

Dividend History by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/2/2017quarterly$0.355.58%5/11/20175/15/20175/30/2017
1/27/2017quarterly$0.355.45%2/3/20172/7/20172/22/2017
10/31/2016$0.3411/9/201611/14/201611/29/2016
7/28/2016Quarterly$0.338/5/20168/9/20168/23/2016
4/27/2016$0.325/6/20165/10/20165/24/2016
2/1/2016Quarterly$0.312/9/20162/11/20162/26/2016
10/28/2015$0.3011/5/201511/9/201511/27/2015
7/29/2015$0.298/11/20158/13/20158/27/2015
5/1/2015quarterly$0.283.94%5/8/20155/12/20155/27/2015
1/30/2015quarterly$0.284.39%2/5/20152/9/20152/24/2015
10/28/2014quarterly$0.1711/6/201411/10/201411/25/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Westlake Chemical Partners LP (NYSE:WLKP)
Institutional Ownership Percentage: 74.69%
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Institutional Ownership by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/9/2017David LumpkinsDirectorBuy2,500$25.42$63,550.00View SEC Filing  
11/30/2016Angela A MinasDirectorBuy5,000$21.00$105,000.00View SEC Filing  
8/4/2014Albert ChaoCEOBuy1,526,115$1.42$2,167,083.30View SEC Filing  
8/4/2014George J MangieriCAOBuy5,000$24.00$120,000.00View SEC Filing  
8/4/2014Lawrence E TeelSVPBuy2,500$24.00$60,000.00View SEC Filing  
8/4/2014Mark Steven BenderCFOBuy10,000$24.00$240,000.00View SEC Filing  
8/4/2014Max L LukensDirectorBuy125,000$24.00$3,000,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Westlake Chemical Partners LP (NYSE:WLKP)
Latest Headlines for Westlake Chemical Partners LP (NYSE:WLKP)
Source:
DateHeadline
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : May 26, 2017
finance.yahoo.com - May 26 at 8:48 AM
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : May 15, 2017
finance.yahoo.com - May 15 at 7:47 PM
finance.yahoo.com logoWestlake Chemical Partners LP : WLKP-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 11, 2017
finance.yahoo.com - May 12 at 4:47 AM
finance.yahoo.com logoWestlake Chemical Partners LP – Value Analysis (NYSE:WLKP) : May 8, 2017
finance.yahoo.com - May 8 at 8:11 PM
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : May 5, 2017
finance.yahoo.com - May 6 at 1:47 AM
americanbankingnews.com logoWestlake Chemical Partners (WLKP) Earns Coverage Optimism Score of 0.19
www.americanbankingnews.com - May 4 at 4:42 PM
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 2-May-17 4:00pm GMT
finance.yahoo.com - May 3 at 9:42 AM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) Plans Dividend Increase - $0.35 Per Share
www.americanbankingnews.com - May 2 at 7:36 PM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) Issues Earnings Results, Misses Expectations By $0.07 EPS
www.americanbankingnews.com - May 2 at 3:36 PM
finance.yahoo.com logoWestlake Chemical Partners LP Announces First Quarter 2017 Earnings and the Completion of OpCo's 100 Million Pound Ethylene Expansion in Calvert City, Kentucky
finance.yahoo.com - May 2 at 8:13 AM
finance.yahoo.com logoWestlake Chemical Partners LP Announces First Quarter Distribution
finance.yahoo.com - May 1 at 7:46 PM
americanbankingnews.com logoWestlake Chemical Partners (WLKP) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - May 1 at 4:06 PM
seekingalpha.com logoWestlake Chemical Partners: The Cyclical Nature Of The Chemical Industry
seekingalpha.com - April 30 at 4:25 PM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 30 at 7:34 AM
finance.yahoo.com logoIs a Surprise Coming for Westlake Chemical (WLK) This Earnings Season?
finance.yahoo.com - April 29 at 2:27 AM
americanbankingnews.com logoSomewhat Positive Media Coverage Very Unlikely to Affect Westlake Chemical Partners (WLKP) Stock Price
www.americanbankingnews.com - April 27 at 11:14 AM
americanbankingnews.com logoWestlake Chemical Partners (WLKP) Earns Media Sentiment Score of 0.12
www.americanbankingnews.com - April 24 at 9:58 AM
americanbankingnews.com logoSomewhat Favorable Media Coverage Unlikely to Affect Westlake Chemical Partners (WLKP) Stock Price
www.americanbankingnews.com - April 21 at 2:52 PM
finance.yahoo.com logoWestlake Chemical Partners Announce First Quarter 2017 Conference Call
finance.yahoo.com - April 20 at 1:16 AM
americanbankingnews.com logoWestlake Chemical Partners (WLKP) Getting Somewhat Positive Media Coverage, Report Finds
www.americanbankingnews.com - April 18 at 12:49 PM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) Given New $30.00 Price Target at FBR & Co
www.americanbankingnews.com - April 13 at 11:52 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Unlikely to Impact Westlake Chemical Partners (WLKP) Share Price
www.americanbankingnews.com - April 13 at 1:10 PM
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : April 12, 2017
finance.yahoo.com - April 12 at 9:07 AM
finance.yahoo.com logoIs Westlake Chemical (WLK) Well Poised as a Value Stock?
finance.yahoo.com - March 30 at 8:23 AM
americanbankingnews.com logoDavid Lumpkins Buys 2,500 Shares of Westlake Chemical Partners LP (WLKP) Stock
www.americanbankingnews.com - March 10 at 7:37 PM
finance.yahoo.com logoWestlake Chemical Partners LP Filed Annual Report
finance.yahoo.com - March 10 at 12:25 AM
reuters.com logoBRIEF-Westlake Chemical Partners posts Q4 earnings $0.39/shr
www.reuters.com - February 22 at 11:06 AM
streetinsider.com logoWestlake Chemical Partners LP (WLKP) Misses Q4 EPS by 3c
www.streetinsider.com - February 22 at 11:06 AM
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 21-Feb-17 5:00pm GMT
finance.yahoo.com - February 22 at 11:06 AM
us.rd.yahoo.com logoWestlake Chemical Partners LP Announces Fourth Quarter and Full Year 2016 Earnings
us.rd.yahoo.com - February 21 at 8:10 AM
biz.yahoo.com logoQ4 2016 Westlake Chemical Partners LP Earnings Release - Before Market Open
us.rd.yahoo.com - February 21 at 8:10 AM
finance.yahoo.com logoWestlake Chemical Partners Announce Fourth Quarter and Full Year Earnings for 2016 Conference Call
finance.yahoo.com - February 7 at 4:06 PM
seekingalpha.com logoWestlake Partners Is Great Growth And Value Investment
seekingalpha.com - February 3 at 6:45 AM
finance.yahoo.com logoWestlake Chemical Partners (WLKP) Shares March Higher, Can It Continue?
finance.yahoo.com - February 2 at 6:48 AM
finance.yahoo.com logo4:51 pm Westlake Chemical Partners increases quarterly distribution to $0.3450/unit from $0.3353/unit
finance.yahoo.com - January 27 at 9:43 PM
us.rd.yahoo.com logoWestlake Chemical Partners LP Statement on the New Administration’s “Regulatory Freeze”
us.rd.yahoo.com - January 24 at 3:28 PM
us.rd.yahoo.com logoWestlake Chemical Partners LP Statement on Publication of Final Regulations Relating to its Qualifying Income Activities
us.rd.yahoo.com - January 24 at 3:28 PM
bizjournals.com logoExecutive order freezes new MLP regulations
www.bizjournals.com - January 24 at 3:22 AM
us.rd.yahoo.com logo5:45 am Westlake Chemical Partners responds to final regulations relating to its qualifying income activities
us.rd.yahoo.com - January 20 at 3:45 PM
us.rd.yahoo.com logoWestlake Chemical Partners upgraded by Tudor Pickering
us.rd.yahoo.com - January 20 at 3:45 PM
biz.yahoo.com logoWESTLAKE CHEMICAL PARTNERS LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - January 20 at 3:45 PM
finance.yahoo.com logoWestlake Chemical Partners LP Statement on Final Regulations Relating to its Qualifying Income Activities
finance.yahoo.com - January 19 at 8:57 PM
finance.yahoo.com logoCan The Uptrend Continue for Westlake Chemical (WLK)?
finance.yahoo.com - December 1 at 9:34 PM
reuters.com logoBRIEF-Westlake Chemical Partners LP reports Q3 net income attributable to partnership of $0.32 per LP unit
www.reuters.com - November 9 at 11:35 AM
seekingalpha.com logoWestlake Chemical Partners' (WLKP) CEO Albert Chao on Q3 2016 Results - Earnings Call Transcript
seekingalpha.com - November 9 at 11:35 AM
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 8-Nov-16 5:00pm GMT
finance.yahoo.com - November 9 at 11:35 AM
streetinsider.com logoWestlake Chemical Partners LP (WLKP) Raises Quarterly Dividend 2.9% to $0.3353; 6.4% Yield
www.streetinsider.com - November 1 at 1:01 PM
thestreet.com logoWestlake Chemical Partners Becomes Oversold
www.thestreet.com - October 27 at 9:20 AM

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Chart

Westlake Chemical Partners LP (WLKP) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff