S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
The single greatest medical breakthrough of all time? (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
This Little Known Automaker May Save Your Life and Your Portfolio
NYSE:WLKP

Westlake Chemical Partners (WLKP) Stock Forecast, Price & News

$21.75
-0.28 (-1.27%)
(As of 09/27/2023 ET)
Compare
Today's Range
$21.67
$22.12
50-Day Range
$21.54
$23.06
52-Week Range
$18.58
$26.00
Volume
28,893 shs
Average Volume
33,680 shs
Market Capitalization
$766.04 million
P/E Ratio
13.10
Dividend Yield
8.69%
Price Target
$25.67

Westlake Chemical Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.0% Upside
$25.67 Price Target
Short Interest
Healthy
0.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.94mentions of Westlake Chemical Partners in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$373,427 Bought Last Quarter
Proj. Earnings Growth
12.96%
From $1.62 to $1.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Basic Materials Sector

30th out of 167 stocks

Industrial Organic Chemicals Industry

1st out of 19 stocks


WLKP stock logo

About Westlake Chemical Partners (NYSE:WLKP) Stock

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 either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was founded in 1991 and is headquartered in Houston, Texas.

WLKP Price History

WLKP Stock News Headlines

Westlake (NYSE:WLK) Is Increasing Its Dividend To $0.50
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Q2 2023 Westlake Chemical Partners LP Earnings Call
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Westlake Chemical Partners (NYSE: WLKP)
WLKP - Westlake Chemical Partners LP
WLK - Westlake Corporation
8-K: Westlake Chemical Partners LP
See More Headlines
Receive WLKP Stock News and Ratings via Email

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

WLKP Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 8/25 Dividend
8/10/2023
Dividend Payable
8/25/2023
Today
9/28/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$25.67
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+18.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$64.17 million
Pretax Margin
24.92%

Debt

Sales & Book Value

Annual Sales
$1.59 billion
Cash Flow
$5.15 per share
Book Value
$25.66 per share

Miscellaneous

Free Float
N/A
Market Cap
$766.04 million
Optionable
Optionable
Beta
0.97

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Albert Yuan Chao (Age 73)
    Pres, CEO & Director of Westlake Chemical Partners GP LLC
  • Mr. Mark Steven Bender CPA (Age 66)
    Exec. VP, CFO & Director of Westlake Chemical Partners GP LLC
  • Mr. Johnathan Stevan Zoeller (Age 47)
    VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC
  • Mr. L. Benjamin Ederington (Age 52)
    EVP Perf. & Ess. Mat., Gen. Counsel, Chief Admin Off. and Director of Westlake Chem. Partners GP LLC
  • Mr. Andrew F. Kenner (Age 58)
    Sr. VP of Olefin Materials & Corp. Procurement of Westlake Chemical Partners GP LLC
  • Mr. Jeff Holy
    VP & Treasurer of Westlake Chemical Partners GP LLC













WLKP Stock - Frequently Asked Questions

Should I buy or sell Westlake Chemical Partners stock right now?

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.
View WLKP analyst ratings
or view top-rated stocks.

What is Westlake Chemical Partners' stock price forecast for 2023?

1 brokerages have issued 12 month target prices for Westlake Chemical Partners' stock. Their WLKP share price forecasts range from $24.00 to $27.00. On average, they expect the company's share price to reach $25.67 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
View analysts price targets for WLKP
or view top-rated stocks among Wall Street analysts.

How have WLKP shares performed in 2023?

Westlake Chemical Partners' stock was trading at $23.50 at the start of the year. Since then, WLKP stock has decreased by 7.4% and is now trading at $21.75.
View the best growth stocks for 2023 here
.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 31,500 shares, a decrease of 33.5% from the August 31st total of 47,400 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company's stock are sold short.
View Westlake Chemical Partners' Short Interest
.

When is Westlake Chemical Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our WLKP earnings forecast
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) released its quarterly earnings results on Thursday, August, 3rd. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. The basic materials company had revenue of $264.18 million for the quarter, compared to analysts' expectations of $287.47 million. Westlake Chemical Partners had a trailing twelve-month return on equity of 6.46% and a net margin of 4.31%.

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 Tuesday, August 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.4714 per share on Friday, August 25th. This represents a $1.89 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for WLKP
.

What ETFs hold Westlake Chemical Partners' stock?

ETFs with the largest weight of Westlake Chemical Partners (NYSE:WLKP) stock in their portfolio include Global SuperDividend US ETF (DIV).First Trust North American Energy Infrastructure Fund (EMLP).

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners (NYSE:WLKP) pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.51%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 113.86%. 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 103.28% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WLKP.

What other stocks do shareholders of Westlake Chemical Partners own?

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).

What is Westlake Chemical Partners' stock symbol?

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

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (1.34%), Goldman Sachs Group Inc. (0.39%), BNP Paribas Arbitrage SNC (0.25%), Osaic Holdings Inc. (0.13%), Osaic Holdings Inc. (0.13%) and Delphi Management Inc. MA (0.12%). Insiders that own company stock include Andrew Kenner, G Stephen Finley, James Chao and Randy Woelfel.
View institutional ownership trends
.

How do I buy shares of Westlake Chemical Partners?

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.
Compare Top Brokerages Here.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $21.75.

How much money does Westlake Chemical Partners make?

Westlake Chemical Partners (NYSE:WLKP) has a market capitalization of $766.04 million and generates $1.59 billion in revenue each year. The basic materials company earns $64.17 million in net income (profit) each year or $1.66 on an earnings per share basis.

How many employees does Westlake Chemical Partners have?

The company employs 2,020 workers across the globe.

Does Westlake Chemical Partners have any subsidiaries?
The following companies are subsidiares of Westlake Chemical Partners: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, DaVinci Roofscapes L.L.C., Dimex, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Hexion - Epoxy Business, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc./Groupe Royal Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake Germany GmbH & Co. KG, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake International Services Corporation, Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..
Read More
How can I contact Westlake Chemical Partners?

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.

This page (NYSE:WLKP) was last updated on 9/28/2023 by MarketBeat.com Staff

My Account -