NYSE:WLKPWestlake Chemical Partners Stock Price, Forecast & News

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WLKP stock has increased by 13.8% and is now trading at $18.75. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Westlake Chemical Partners.

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Westlake Chemical Partners.

Westlake Chemical Partners LP (NYSE:WLKP) issued its quarterly earnings results on Monday, May, 4th. The basic materials company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.01. The basic materials company had revenue of $250.55 million for the quarter. Westlake Chemical Partners had a return on equity of 6.65% and a net margin of 6.11%. View Westlake Chemical Partners' earnings history.

Westlake Chemical Partners announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.4714 per share on Tuesday, May 26th. This represents a $1.89 annualized dividend and a dividend yield of 10.06%. The ex-dividend date is Friday, May 8th. This is an increase from Westlake Chemical Partners's previous quarterly dividend of $0.46. View Westlake Chemical Partners' dividend history.

3 brokerages have issued twelve-month target prices for Westlake Chemical Partners' shares. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $23.33 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price. View analysts' price targets for Westlake Chemical Partners.

Headlines about WLKP stock have trended negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Westlake Chemical Partners earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news stories about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Westlake Chemical Partners.

Westlake Chemical Partners saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 160,800 shares, an increase of 7.2% from the June 15th total of 150,000 shares. Based on an average daily trading volume, of 82,700 shares, the short-interest ratio is currently 1.9 days. Approximately 0.8% of the shares of the company are sold short. View Westlake Chemical Partners' Current Options Chain.

Some companies that are related to Westlake Chemical Partners include Sensient Technologies (SXT), Methanex (MEOH), Renewable Energy Group (REGI), Amyris (AMRS), Codexis (CDXS), FutureFuel (FF), REX American Resources (REX), Landstar (LDSR), Green Plains (GPRE), Solarwindow Technologies (WNDW), Green Plains Partners (GPP), Pacific Ethanol (PEIX), Tantech (TANH), CTD (CTDH) and Aemetis (AMTX). View all competitors.

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 LP Unit (ET), AbbVie (ABBV), Westlake Chemical (WLK), Exxon Mobil (XOM), B&G Foods (BGS), IBM (IBM), Verizon Communications (VZ) and Wells Fargo & Co (WFC).

Westlake Chemical Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLKP."

Shares of WLKP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WLKP stock can currently be purchased for approximately $18.75.

Westlake Chemical Partners has a market capitalization of $659.81 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.

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

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]