About Westlake Chemical Partners LP (NYSE:WLKP)
Westlake 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: Commodity Chemicals
- Sub-Industry: N/A
- Symbol: NYSE:WLKP
- CUSIP: N/A
- Web: www.wlkpartners.com
Capitalization:- Market Cap: $619.65 million
- Outstanding Shares: 27,059,000
Average Prices:- 50 Day Moving Avg: $23.23
- 200 Day Moving Avg: $24.22
- 52 Week Range: $19.25 - $26.25
P/E:- Trailing P/E Ratio: 16.12
- Foreward P/E Ratio: 14.22
- P/E Growth: 0.23
Sales & Book Value:- Annual Revenue: $1.09 billion
- Price / Sales: 0.57
- Book Value: $12.76 per share
- Price / Book: 1.79
Dividend:- Annual Dividend: $1.46
- Dividend Yield: 6.3%
Profitability:- EBITDA: $456.12 million
- Net Margins: 3.60%
- Return on Equity: 4.34%
- Return on Assets: 2.54%
Debt:- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 5.60%
- Quick Ratio: 5.47%
Misc:- Average Volume: 69,202 shs.
- Beta: 1.21
- Short Ratio: 0.89
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 Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.365 per share on Tuesday, August 29th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Friday, August 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) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.36 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.05. The business earned $290.11 million during the quarter, compared to analyst estimates of $381.59 million. Westlake Chemical Partners LP had a return on equity of 4.34% and a net margin of 3.60%. Westlake Chemical Partners LP's quarterly revenue was up 37.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. View Westlake Chemical Partners LP's Earnings History.
When will Westlake Chemical Partners LP make its next earnings announcement?
Where is Westlake Chemical Partners LP's stock going? Where will Westlake Chemical Partners LP's stock price be in 2017?
2 brokers have issued 12-month target prices for Westlake Chemical Partners LP's shares. Their forecasts range from $30.00 to $30.00. On average, they anticipate Westlake Chemical Partners LP's share price to reach $30.00 in the next twelve months. View Analyst Ratings for Westlake Chemical Partners LP.
Who are some of Westlake Chemical Partners LP's key competitors?
Some companies that are related to Westlake Chemical Partners LP include Calgon Carbon Corporation (CCC), A. Schulman (SHLM), Koppers Holdings (KOP), Innophos Holdings (IPHS), CSW Industrials (CSWI), Trecora Resources (TREC), Enzymotec (ENZY), UFP Technologies (UFPT), Zotefoams plc (ZTF), Applied Graphene Materials PLC (AGM), Airgas (ARG), Axiall Corp (AXLL) and Axiall Corp (GGC).
Who are Westlake Chemical Partners LP's key executives?
Westlake Chemical Partners LP's management team includes the folowing people:
- James Y. Chao, Chairman of the Board of Westlake Chemical Partners GP LLC,
- Albert Y. Chao, President, Chief Executive Officer, Director of Westlake Chemical Partners GP LLC,
- Mark Steven Bender, Chief Financial Officer, Senior Vice President, Director of Westlake Chemical Partners GP LLC
- David R. Hansen, Senior Vice President - Administration
- Lawrence E. Teel, Senior Vice President - Olefins
- George J. Mangieri, Chief Accounting Officer, Vice President of Westlake Chemical Partners GP LLC
- L. Benjamin Ederington, Vice President, General Counsel, Secretary, Director of Westlake Chemical Partners LP
- Max L. Lukens, Independent Director
- David Lumpkins, Independent Director of Westlake Chemical Partners GP LLC
- Angela A. Minas, Independent Director of Westlake Chemical Partners GP LLC
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.
What is Westlake Chemical Partners LP's stock price today?
One share of Westlake Chemical Partners LP stock can currently be purchased for approximately $22.90.
MarketBeat Community Rating for Westlake Chemical Partners LP (NYSE WLKP)MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Earnings History for Westlake Chemical Partners LP (NYSE:WLKP)Earnings History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/7/2017 | | $0.41 | | | | | N/A |  |
| 8/3/2017 | Q2 2017 | $0.41 | $0.36 | $381.59 million | $290.11 million | View | Listen | |
| 5/2/2017 | Q1 2017 | $0.43 | $0.35 | $339.88 million | $277.45 million | View | Listen | |
| 2/21/2017 | Q416 | $0.42 | $0.39 | $347.07 million | $293.90 million | View | Listen | |
| 11/8/2016 | Q316 | $0.42 | $0.32 | $299.18 million | $193.96 million | View | Listen | |
| 7/28/2016 | Q216 | $0.26 | $0.34 | $177.91 million | $210.84 million | View | Listen | |
| 5/3/2016 | Q116 | $0.40 | $0.45 | $282.79 million | $252.60 million | View | N/A | |
| 2/23/2016 | Q415 | $0.41 | $0.40 | $268.91 million | $248.50 million | View | Listen | |
| 11/3/2015 | Q315 | $0.40 | $0.37 | $268.76 million | $248.60 million | View | N/A | |
| 8/4/2015 | Q215 | $0.39 | $0.39 | $266.32 million | $251.70 million | View | N/A | |
| 5/4/2015 | Q115 | $0.32 | $0.31 | $259.79 million | $258.40 million | View | N/A | |
| 2/24/2015 | Q414 | $0.34 | $0.32 | $296.97 million | $273.50 million | View | N/A | |
| 11/4/2014 | Q314 | $0.34 | $0.19 | $293.26 million | $392.00 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Westlake Chemical Partners LP (NYSE:WLKP)Current Year EPS Consensus Estimate: $1.59 EPS
Next Year EPS Consensus Estimate: $1.61 EPS
Current Dividend Information for Westlake Chemical Partners LP (NYSE:WLKP)| Most Recent Dividend: | 8/29/2017 |
| Annual Dividend: | $1.46 |
| Dividend Yield: | 6.38% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 102.82% (Trailing 12 Months of Earnings)
91.82% (Based on This Year's Estimates)
90.68% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/2/2017 | quarterly | $0.37 | 5.76% | 8/11/2017 | 8/15/2017 | 8/29/2017 |
| 5/2/2017 | quarterly | $0.35 | 5.58% | 5/11/2017 | 5/15/2017 | 5/30/2017 |
| 1/27/2017 | quarterly | $0.35 | 5.45% | 2/3/2017 | 2/7/2017 | 2/22/2017 |
| 10/31/2016 | | $0.34 | | 11/9/2016 | 11/14/2016 | 11/29/2016 |
| 7/28/2016 | Quarterly | $0.33 | | 8/5/2016 | 8/9/2016 | 8/23/2016 |
| 4/27/2016 | | $0.32 | | 5/6/2016 | 5/10/2016 | 5/24/2016 |
| 2/1/2016 | Quarterly | $0.31 | | 2/9/2016 | 2/11/2016 | 2/26/2016 |
| 10/28/2015 | | $0.30 | | 11/5/2015 | 11/9/2015 | 11/27/2015 |
| 7/29/2015 | | $0.29 | | 8/11/2015 | 8/13/2015 | 8/27/2015 |
| 5/1/2015 | quarterly | $0.28 | 3.94% | 5/8/2015 | 5/12/2015 | 5/27/2015 |
| 1/30/2015 | quarterly | $0.28 | 4.39% | 2/5/2015 | 2/9/2015 | 2/24/2015 |
| 10/28/2014 | quarterly | $0.17 | | 11/6/2014 | 11/10/2014 | 11/25/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Westlake Chemical Partners LP (NYSE:WLKP)Institutional Ownership Percentage: 38.91%
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/9/2017 | David Lumpkins | Director | Buy | 2,500 | $25.42 | $63,550.00 | |
| 11/30/2016 | Angela A Minas | Director | Buy | 5,000 | $21.00 | $105,000.00 | |
| 8/4/2014 | Albert Chao | CEO | Buy | 1,526,115 | $1.42 | $2,167,083.30 | |
| 8/4/2014 | George J Mangieri | CAO | Buy | 5,000 | $24.00 | $120,000.00 | |
| 8/4/2014 | Lawrence E Teel | SVP | Buy | 2,500 | $24.00 | $60,000.00 | |
| 8/4/2014 | Mark Steven Bender | CFO | Buy | 10,000 | $24.00 | $240,000.00 | |
| 8/4/2014 | Max L Lukens | Director | Buy | 125,000 | $24.00 | $3,000,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Westlake Chemical Partners LP (NYSE:WLKP)
Latest Headlines for Westlake Chemical Partners LP (NYSE:WLKP)
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Westlake Chemical Partners LP (WLKP) Chart for Sunday, October, 22, 2017
