Westlake Chemical Partners LP Company Profile (NYSE:WLKP)

About Westlake Chemical Partners LP (NYSE:WLKP)

Westlake Chemical Partners LP logoWestlake 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?

Westlake Chemical Partners LP is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Westlake Chemical Partners LP.

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?

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)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  64 (Vote Outperform)
Underperform Votes:  74 (Vote Underperform)
Total Votes:  138
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.

Analyst Ratings

Consensus Ratings for Westlake Chemical Partners LP (NYSE:WLKP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $30.00 (31.00% upside)
Consensus Price Target History for Westlake Chemical Partners LP (NYSE:WLKP)
Price Target History for Westlake Chemical Partners LP (NYSE:WLKP)
Analysts' Ratings History for Westlake Chemical Partners LP (NYSE:WLKP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/12/2017FBR & CoBoost Price TargetOutperform$28.00 -> $30.00LowView Rating Details
1/20/2017Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
2/25/2016Deutsche Bank AGLower Price TargetBuy$40.00 -> $22.00N/AView Rating Details
2/24/2016Barclays PLCLower Price TargetEqual Weight$23.00 -> $21.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Westlake Chemical Partners LP (NYSE:WLKP)
Earnings by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Earnings History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$0.41N/AView Earnings Details
8/3/2017Q2 2017$0.41$0.36$381.59 million$290.11 millionViewListenView Earnings Details
5/2/2017Q1 2017$0.43$0.35$339.88 million$277.45 millionViewListenView Earnings Details
2/21/2017Q416$0.42$0.39$347.07 million$293.90 millionViewListenView Earnings Details
11/8/2016Q316$0.42$0.32$299.18 million$193.96 millionViewListenView Earnings Details
7/28/2016Q216$0.26$0.34$177.91 million$210.84 millionViewListenView Earnings Details
5/3/2016Q116$0.40$0.45$282.79 million$252.60 millionViewN/AView Earnings Details
2/23/2016Q415$0.41$0.40$268.91 million$248.50 millionViewListenView Earnings Details
11/3/2015Q315$0.40$0.37$268.76 million$248.60 millionViewN/AView Earnings Details
8/4/2015Q215$0.39$0.39$266.32 million$251.70 millionViewN/AView Earnings Details
5/4/2015Q115$0.32$0.31$259.79 million$258.40 millionViewN/AView Earnings Details
2/24/2015Q414$0.34$0.32$296.97 million$273.50 millionViewN/AView Earnings Details
11/4/2014Q314$0.34$0.19$293.26 million$392.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

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

Dividends

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 Payments by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)

Dividend History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/2/2017quarterly$0.375.76%8/11/20178/15/20178/29/2017
5/2/2017quarterly$0.355.58%5/11/20175/15/20175/30/2017
1/27/2017quarterly$0.355.45%2/3/20172/7/20172/22/2017
10/31/2016$0.3411/9/201611/14/201611/29/2016
7/28/2016Quarterly$0.338/5/20168/9/20168/23/2016
4/27/2016$0.325/6/20165/10/20165/24/2016
2/1/2016Quarterly$0.312/9/20162/11/20162/26/2016
10/28/2015$0.3011/5/201511/9/201511/27/2015
7/29/2015$0.298/11/20158/13/20158/27/2015
5/1/2015quarterly$0.283.94%5/8/20155/12/20155/27/2015
1/30/2015quarterly$0.284.39%2/5/20152/9/20152/24/2015
10/28/2014quarterly$0.1711/6/201411/10/201411/25/2014
(Data available from 1/1/2013 forward)

Insider Trades

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)
Institutional Ownership by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/9/2017David LumpkinsDirectorBuy2,500$25.42$63,550.00View SEC Filing  
11/30/2016Angela A MinasDirectorBuy5,000$21.00$105,000.00View SEC Filing  
8/4/2014Albert ChaoCEOBuy1,526,115$1.42$2,167,083.30View SEC Filing  
8/4/2014George J MangieriCAOBuy5,000$24.00$120,000.00View SEC Filing  
8/4/2014Lawrence E TeelSVPBuy2,500$24.00$60,000.00View SEC Filing  
8/4/2014Mark Steven BenderCFOBuy10,000$24.00$240,000.00View SEC Filing  
8/4/2014Max L LukensDirectorBuy125,000$24.00$3,000,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Westlake Chemical Partners LP (NYSE:WLKP)
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Chart

Westlake Chemical Partners LP (WLKP) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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