S&P 500   4,326.51
DOW   34,160.78
QQQ   341.10
S&P 500   4,326.51
DOW   34,160.78
QQQ   341.10
S&P 500   4,326.51
DOW   34,160.78
QQQ   341.10
S&P 500   4,326.51
DOW   34,160.78
QQQ   341.10
NYSE:WLKP

Westlake Chemical Partners Stock Forecast, Price & News

$26.43
-0.19 (-0.71%)
(As of 01/27/2022 04:00 PM ET)
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Today's Range
$26.41
$26.67
50-Day Range
$22.71
$27.21
52-Week Range
$22.68
$27.57
Volume
27,742 shs
Average Volume
47,808 shs
Market Capitalization
$930.71 million
P/E Ratio
13.69
Dividend Yield
7.10%
Beta
1.18
30 days | 90 days | 365 days | Advanced Chart
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Westlake Chemical Partners logo

About Westlake Chemical Partners

Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. It also involves in the manufacture and marketing of basic chemicals, polymers and fabricated building products. The company was founded on March 14, 2014 and is headquartered in Houston, TX.

Headlines

See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$966.67 million
Cash Flow
$4.68 per share
Book Value
$26.00 per share

Profitability

Net Income
$66.17 million
Pretax Margin
29.96%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$930.71 million
Optionable
Optionable

Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 11/29 Dividend
11/10/2021
Dividend Payable
11/29/2021
Today
1/28/2022
Ex-Dividend for 2/17 Dividend
2/02/2022
Dividend Payable
2/17/2022
Next Earnings (Estimated)
2/22/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.04 out of 5 stars

Basic Materials Sector

126th out of 223 stocks

Industrial Organic Chemicals Industry

18th out of 23 stocks

Analyst Opinion: 1.0Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -












Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

Is Westlake Chemical Partners a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.

How has Westlake Chemical Partners' stock 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 (WHO). Since then, WLKP stock has increased by 60.5% and is now trading at $26.43.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a increase in short interest in December. As of December 31st, there was short interest totaling 147,900 shares, an increase of 17.3% from the December 15th total of 126,100 shares. Based on an average trading volume of 57,700 shares, the short-interest ratio is currently 2.6 days. Approximately 0.7% of the shares of the company 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 Tuesday, February 22nd 2022.
View our earnings forecast for Westlake Chemical Partners
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) posted its quarterly earnings results on Monday, November, 1st. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.15. The basic materials company had revenue of $293.97 million for the quarter. Westlake Chemical Partners had a trailing twelve-month return on equity of 7.39% and a net margin of 6.02%. During the same quarter in the prior year, the firm posted $0.53 EPS.
View Westlake Chemical Partners' earnings history
.

How often does Westlake Chemical Partners pay dividends? What is the dividend yield for Westlake Chemical Partners?

Westlake Chemical Partners declared a quarterly dividend on Monday, January 24th. Investors of record on Thursday, February 3rd will be given a dividend of $0.471 per share on Thursday, February 17th. This represents a $1.88 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date is Wednesday, February 2nd.
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 7.10%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Westlake Chemical Partners is 97.93%. 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 83.26% 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 brokers have issued 1-year target prices for Westlake Chemical Partners' stock. Their forecasts range from $25.00 to $30.00. On average, they expect Westlake Chemical Partners' stock price to reach $27.33 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
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:
  • Albert Yuan Chao, President, Chief Executive Officer & Director
  • Mark Steven Bender, Chief Financial Officer, Director & Executive VP
  • L. Benjamin Ederington, Secretary, CAO, Senior VP & General Counsel
  • Johnathan S. Zoeller, Chief Accounting Officer & Vice President

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 number of institutional and retail investors. Top institutional investors include Janney Montgomery Scott LLC (0.03%), Russell Investments Group Ltd. (0.01%), Future Financial Wealth Managment LLC (0.01%) and Koshinski Asset Management Inc. (0.00%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, G Stephen Finley, L Benjamin Ederington and Randy Woelfel.
View institutional ownership trends for Westlake Chemical Partners
.

Which institutional investors are buying Westlake Chemical Partners stock?

WLKP stock was bought by a variety of institutional investors in the last quarter, including Future Financial Wealth Managment LLC, Russell Investments Group Ltd., Koshinski Asset Management Inc., and Janney Montgomery Scott LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, G Stephen Finley, L Benjamin Ederington, and Randy Woelfel.
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 $26.43.

How much money does Westlake Chemical Partners make?

Westlake Chemical Partners has a market capitalization of $930.71 million and generates $966.67 million in revenue each year. The basic materials company earns $66.17 million in net income (profit) each year or $1.93 on an earnings per share basis.

How many employees does Westlake Chemical Partners have?

Westlake Chemical Partners employs 2,020 workers across the globe.

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 1/28/2022 by MarketBeat.com Staff

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