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NYSE:WLKP

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

$22.22
+0.14 (+0.63%)
(As of 02/29/2024 ET)
Today's Range
$22.11
$22.38
50-Day Range
$21.65
$23.64
52-Week Range
$18.58
$23.68
Volume
18,889 shs
Average Volume
33,407 shs
Market Capitalization
$782.81 million
P/E Ratio
14.43
Dividend Yield
8.51%
Price Target
$26.50

Westlake Chemical Partners MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
19.3% Upside
$26.50 Price Target
Short Interest
Healthy
0.50% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Westlake Chemical Partners in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$221,200 Bought Last Quarter
Proj. Earnings Growth
7.30%
From $1.78 to $1.91 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.77 out of 5 stars

Basic Materials Sector

99th out of 172 stocks

Industrial Organic Chemicals Industry

10th out of 20 stocks

WLKP stock logo

About Westlake Chemical Partners Stock (NYSE:WLKP)

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 Stock Price History

WLKP Stock News Headlines

Westlake Chemical Partners LP Filed Annual Report
Westlake Chemical Partners LP Filed Annual Report
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 Westlake Chemical Partners LP Earnings Call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Westlake Chemical Partners LP Q4 Profit Declines
Westlake Chemical Earnings Preview
Westlake Chemical earnings: here's what Wall Street expects
Westlake Chemical Partners LP (WLKP)
Westlake Chemical Partners LP Partnership Units
Westlake Chemical Partners LP
Westlake Chemical Partners Stock: High-Yielder Has 20% Upside
See More Headlines
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Company Calendar

Ex-Dividend for 2/20 Dividend
2/01/2024
Last Earnings
2/20/2024
Dividend Payable
2/20/2024
Today
2/29/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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 Target
$26.50
High Stock Price Target
$27.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+19.3%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$54.28 million
Pretax Margin
26.95%

Debt

Sales & Book Value

Annual Sales
$1.19 billion
Cash Flow
$5.27 per share
Book Value
$25.66 per share

Miscellaneous

Free Float
N/A
Market Cap
$782.81 million
Optionable
Optionable
Beta
1.10

Social Links

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Key Executives

  • Mr. Albert Yuan Chao (Age 74)
    President, CEO & Director of Westlake Chemical Partners GP LLC
  • Mr. Mark Steven Bender CPA (Age 67)
    Executive VP, CFO & Director of Westlake Chemical Partners GP LLC
  • Mr. Johnathan Stevan Zoeller (Age 48)
    VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC
  • Mr. L. Benjamin Ederington (Age 53)
    EVP Perf. & Ess. Mat., Gen. Counsel, Chief Admin Off. and Director of Westlake Chem. Partners GP LLC
  • Mr. Andrew F. Kenner (Age 59)
    Senior VP of Olefin Materials & Corporate Procurement of Westlake Chemical Partners GP LLC
  • Mr. Jeff Holy
    VP & Treasurer of Westlake Chemical Partners GP LLC














WLKP Stock Analysis - Frequently Asked Questions

What is Westlake Chemical Partners' stock price target for 2024?

0 analysts have issued 1-year price targets for Westlake Chemical Partners' shares. Their WLKP share price targets range from $26.00 to $27.00. On average, they anticipate the company's share price to reach $26.50 in the next twelve months. This suggests a possible upside of 19.3% 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 2024?

Westlake Chemical Partners' stock was trading at $21.65 on January 1st, 2024. Since then, WLKP shares have increased by 2.6% and is now trading at $22.22.
View the best growth stocks for 2024 here
.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 112,300 shares, an increase of 19.9% from the January 15th total of 93,700 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.5% 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, May 2nd 2024.
View our WLKP earnings forecast
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) issued its earnings results on Tuesday, February, 20th. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by $0.04. The basic materials company earned $297.27 million during the quarter, compared to analysts' expectations of $316.62 million. Westlake Chemical Partners had a net margin of 4.56% and a trailing twelve-month return on equity of 6.22%. During the same quarter last year, the firm posted $0.48 earnings per share.

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 Monday, January 22nd. Shareholders of record on Friday, February 2nd will be given a dividend of $0.4714 per share on Tuesday, February 20th. This represents a $1.89 annualized dividend and a yield of 8.49%. The ex-dividend date is Thursday, February 1st.
Read our dividend analysis for WLKP
.

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 8.49%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 122.73%. 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 98.95% 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 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).

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).

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.64%), UBS Group AG (1.53%), Clearbridge Investments LLC (1.20%), Goldman Sachs Group Inc. (0.39%), BNP Paribas Financial Markets (0.10%) and GSA Capital Partners LLP (0.10%). Insiders that own company stock include Andrew Kenner, G Stephen Finley and James Chao.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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..
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This page (NYSE:WLKP) was last updated on 2/29/2024 by MarketBeat.com Staff

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