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DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:WLKP

Westlake Chemical Partners Stock Forecast, Price & News

$23.62
+0.37 (+1.59 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$23.06
Now: $23.62
$23.79
50-Day Range
$21.47
MA: $23.25
$24.33
52-Week Range
$10.31
Now: $23.62
$24.64
Volume108,638 shs
Average Volume145,754 shs
Market Capitalization$831.28 million
P/E Ratio12.84
Dividend Yield8.06%
Beta1.06
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.
Westlake Chemical Partners logo

Headlines

Understanding Westlake Chemical's Ex-Dividend Date
February 2, 2021 |  benzinga.com
Can Value Investors Pick Westlake Chemical (WLKP) Stock Now?
December 28, 2020 |  finance.yahoo.com
WLKP or ECL: Which Is the Better Value Stock Right Now?
November 24, 2020 |  finance.yahoo.com
Westlake Chemical Partners LP to Host Earnings Call
November 3, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
CUSIPN/A
Phone713-585-2900
EmployeesN/A
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.09 billion
Cash Flow$5.93 per share
Book Value$27.05 per share

Profitability

Net Income$60.98 million

Miscellaneous

Market Cap$831.28 million
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.73 out of 5 stars

Basic Materials Sector

78th out of 834 stocks

Industrial Organic Chemicals Industry

8th out of 38 stocks

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$23.62
+0.37 (+1.59 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

Is Westlake Chemical Partners a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Westlake Chemical Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLKP, but not buy additional shares or sell existing shares.
View analyst ratings for Westlake Chemical Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Westlake Chemical Partners?

Wall Street analysts have given Westlake Chemical Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Westlake Chemical Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 180,800 shares, an increase of 28.8% from the January 14th total of 140,400 shares. Based on an average daily trading volume, of 104,100 shares, the short-interest ratio is presently 1.7 days. Approximately 0.9% of the shares of the stock are short sold.
View Westlake Chemical Partners' Short Interest
.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Westlake Chemical Partners
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) posted its earnings results on Monday, February, 22nd. The basic materials company reported $0.43 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.51 by $0.08. Westlake Chemical Partners had a trailing twelve-month return on equity of 6.83% and a net margin of 6.41%.
View Westlake Chemical Partners' earnings history
.

How has Westlake Chemical Partners' stock price been impacted by COVID-19 (Coronavirus)?

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WLKP shares have increased by 43.4% and is now trading at $23.62.
View which stocks have been most impacted by COVID-19
.

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, January 26th. Investors of record on Thursday, February 4th will be paid a dividend of $0.4714 per share on Friday, February 19th. This represents a $1.89 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend is Wednesday, February 3rd. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.46.
View Westlake Chemical Partners' dividend history
.

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.06%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Westlake Chemical Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Westlake Chemical Partners is 106.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 96.92% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.
View Westlake Chemical Partners' dividend history.

What price target have analysts set for WLKP?

3 analysts have issued 12-month price objectives for Westlake Chemical Partners' shares. Their forecasts range from $19.00 to $26.00. On average, they expect Westlake Chemical Partners' stock price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for Westlake Chemical Partners
or view top-rated stocks among Wall Street analysts.

Who are Westlake Chemical Partners' key executives?

Westlake Chemical Partners' management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director of Westlake Chemical Partners GP LLC (Age 71)
  • Mr. Steven Mark Bender CPA, Sr. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 64)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 45)
  • Mr. L. Benjamin Ederington, VP, Gen. Counsel, Sec. & Director of Westlake Chemical Partners GP LLC (Age 50)
  • Mr. Lawrence E. Teel, Sr. VP of Olefins - Westlake Chemical Partners GP LLC (Age 62)
  • Mr. Jeff Holy, VP & Treasurer of Westlake Chemical Partners GP LLC

Who are some of Westlake Chemical Partners' key competitors?

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 Chemical (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 institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (3.33%), Clearbridge Investments LLC (1.94%), Morgan Stanley (0.84%), Duff & Phelps Investment Management Co. (0.77%), Virtus ETF Advisers LLC (0.20%) and NBW Capital LLC (0.15%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, George J Mangieri, L Benjamin Ederington, Randy Woelfel and Ttwfgp Llc.
View institutional ownership trends for Westlake Chemical Partners
.

Which institutional investors are selling Westlake Chemical Partners stock?

WLKP stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Morgan Stanley, Duff & Phelps Investment Management Co., NBW Capital LLC, and Clearbridge Investments LLC.
View insider buying and selling activity for Westlake Chemical Partners
or view top insider-selling stocks.

Which institutional investors are buying Westlake Chemical Partners stock?

WLKP stock was bought by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Alpine Woods Capital Investors LLC, GSA Capital Partners LLP, Russell Investments Group Ltd., QS Investors LLC, Virtus ETF Advisers LLC, International Assets Investment Management LLC, and Sawtooth Solutions LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, L Benjamin Ederington, Randy Woelfel, and Ttwfgp Llc.
View insider buying and selling activity for Westlake Chemical Partners
or or view top insider-buying stocks.

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 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 $23.62.

How much money does Westlake Chemical Partners make?

Westlake Chemical Partners has a market capitalization of $831.28 million and generates $1.09 billion in revenue each year. The basic materials company earns $60.98 million in net income (profit) each year or $1.77 on an earnings per share basis.

What is Westlake Chemical Partners' official website?

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

Where are Westlake Chemical Partners' headquarters?

Westlake Chemical Partners is headquartered at 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056.

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]


This page was last updated on 3/6/2021 by MarketBeat.com Staff

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