NYSE:WLKP - Westlake Chemical Partners Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$22.20 -0.01 (-0.05 %)
(As of 05/24/2019 10:49 AM ET)
Previous Close$22.21
Today's Range$22.20 - $22.31
52-Week Range$20.25 - $27.75
Volume3,506 shs
Average Volume63,459 shs
Market Capitalization$715.88 million
P/E Ratio14.70
Dividend Yield7.98%
Beta0.6
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was founded in 2014 and is headquartered in Houston, Texas.

Receive WLKP News and Ratings via Email

Sign-up to receive the latest news and ratings for WLKP and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
CUSIPN/A
Phone713-585-2900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.29 billion
Cash Flow$4.8791 per share
Book Value$30.39 per share

Profitability

Net Income$49.35 million

Miscellaneous

EmployeesN/A
Market Cap$715.88 million
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

What is Westlake Chemical Partners' stock symbol?

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

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

Westlake Chemical Partners announced a quarterly dividend on Wednesday, May 1st. Shareholders of record on Monday, May 13th will be paid a dividend of $0.4452 per share on Tuesday, May 28th. This represents a $1.78 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Friday, May 10th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.43. View Westlake Chemical Partners' Dividend History.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) issued its earnings results on Thursday, May, 2nd. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The basic materials company earned $299.09 million during the quarter. Westlake Chemical Partners had a net margin of 4.00% and a return on equity of 5.43%. View Westlake Chemical Partners' Earnings History.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for Westlake Chemical Partners.

What price target have analysts set for WLKP?

2 analysts have issued 12-month price objectives for Westlake Chemical Partners' shares. Their forecasts range from $25.00 to $27.00. On average, they expect Westlake Chemical Partners' stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Price Targets for Westlake Chemical Partners.

What is the consensus analysts' recommendation for Westlake Chemical Partners?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Westlake Chemical Partners.

Has Westlake Chemical Partners been receiving favorable news coverage?

Headlines about WLKP stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Westlake Chemical Partners earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave press coverage about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.

Who are some of Westlake Chemical Partners' key competitors?

What other stocks do shareholders of Westlake Chemical Partners own?

Who are Westlake Chemical Partners' key executives?

Westlake Chemical Partners' management team includes the folowing people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director of Westlake Chemical Partners GP LLC (Age 69)
  • Mr. Steven Mark Bender CPA, Sr. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 62)
  • Mr. George J. Mangieri, VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC (Age 68)
  • Mr. L. Benjamin Ederington, VP, Gen. Counsel, Sec. & Director of Westlake Chemical Partners GP LLC (Age 48)
  • Mr. Lawrence E. Teel, Exec. VP, Olefins of Westlake Chemical Partners GP LLC (Age 60)

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by a number of of institutional and retail investors. Top institutional investors include OppenheimerFunds Inc. (18.45%), Janus Henderson Group PLC (5.65%), Tortoise Capital Advisors L.L.C. (2.17%), Duff & Phelps Investment Management Co. (1.94%), Morgan Stanley (1.76%) and Citigroup Inc. (0.67%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel, Mark Steven Bender and Ttwfgp Llc. View Institutional Ownership Trends for Westlake Chemical Partners.

Which major investors are selling Westlake Chemical Partners stock?

WLKP stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, OppenheimerFunds Inc., Duff & Phelps Investment Management Co., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Goldman Sachs Group Inc., Blair William & Co. IL, JPMorgan Chase & Co. and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Westlake Chemical Partners.

Which major investors are buying Westlake Chemical Partners stock?

WLKP stock was acquired by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Morgan Stanley, Janus Henderson Group PLC, Citigroup Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Janney Montgomery Scott LLC and State of Tennessee Treasury Department. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel, Mark Steven Bender and Ttwfgp Llc. View Insider Buying and Selling for Westlake Chemical Partners.

How do I buy shares of Westlake Chemical Partners?

Shares of WLKP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $22.20.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $715.88 million and generates $1.29 billion in revenue each year. The basic materials company earns $49.35 million in net income (profit) each year or $1.51 on an earnings per share basis.

What is Westlake Chemical Partners' official website?

The official website for Westlake Chemical Partners is http://www.wlkpartners.com/.

How can I contact Westlake Chemical Partners?

Westlake Chemical Partners' mailing address is 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056. The basic materials company can be reached via phone at 713-585-2900 or via email at [email protected]


MarketBeat Community Rating for Westlake Chemical Partners (NYSE WLKP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  193 (Vote Outperform)
Underperform Votes:  184 (Vote Underperform)
Total Votes:  377
MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical Partners and other stocks. Vote "Outperform" if you believe WLKP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WLKP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel