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

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.

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.
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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.

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

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%.

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.

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).

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.

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."

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.

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 $21.75.

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.

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.