Westlake Chemical Partners - WLKP Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WLKP shares.
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1 equities research analysts have issued 1 year price objectives for Westlake Chemical Partners' stock. Their WLKP share price forecasts range from $25.00 to $32.00. On average, they anticipate the company's share price to reach $29.00 in the next year. This suggests a possible upside of 34.9% from the stock's current price.
View analysts price targets for WLKP or view top-rated stocks among Wall Street analysts.

Westlake Chemical Partners' stock was trading at $26.86 at the beginning of the year. Since then, WLKP shares have decreased by 20.0% and is now trading at $21.50.
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Westlake Chemical Partners saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 55,500 shares, a drop of 20.9% from the August 15th total of 70,200 shares. Based on an average trading volume of 40,300 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our WLKP earnings forecast.

Westlake Chemical Partners LP (NYSE:WLKP) issued its quarterly earnings results on Tuesday, August, 2nd. The basic materials company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.02. The basic materials company had revenue of $448.79 million for the quarter. Westlake Chemical Partners had a net margin of 5.22% and a trailing twelve-month return on equity of 7.84%. During the same quarter in the previous year, the business earned $0.71 earnings per share.

Westlake Chemical Partners declared a quarterly dividend on Monday, August 1st. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.471 per share on Thursday, August 25th. This represents a $1.88 annualized dividend and a dividend yield of 8.76%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for WLKP.

Westlake Chemical Partners (NYSE:WLKP) pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.43%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 88.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WLKP will have a dividend payout ratio of 96.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WLKP.

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), International Business Machines (IBM), Verizon Communications (VZ), Westlake (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

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

Shares of WLKP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WLKP stock can currently be purchased for approximately $21.50.

Westlake Chemical Partners (NYSE:WLKP) has a market capitalization of $757.02 million and generates $1.21 billion in revenue each year. The basic materials company earns $82.55 million in net income (profit) each year or $2.13 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Westlake Chemical Partners' mailing address is 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056. The official website for the company is www.wlkpartners.com. The basic materials company can be reached via phone at (713) 585-2900 or via email at investorrelations@westlake.com.