NYSE:WLKP - Westlake Chemical Partners Stock Price, News, & Analysis

$24.55
-0.06 (-0.24 %)
(As of 06/17/2019 04:00 PM ET)
Today's Range
$24.44
Now: $24.55
$24.65
50-Day Range
$22.15
MA: $22.94
$24.75
52-Week Range
$20.25
Now: $24.55
$27.75
Volume22,522 shs
Average Volume61,807 shs
Market Capitalization$791.66 million
P/E Ratio16.26
Dividend Yield7.25%
Beta0.52
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 a spot or contract basis. Read More…

Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
CUSIPN/A
Phone713-585-2900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.29 billion
Cash Flow$4.91 per share
Book Value$28.97 per share

Profitability

Net Income$49.35 million

Miscellaneous

EmployeesN/A
Market Cap$791.66 million
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

What is Westlake Chemical Partners' stock symbol?

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

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 Wednesday, May 1st. Shareholders of record on Monday, May 13th will be paid a dividend of $0.4452 per share on Tuesday, May 28th. This represents a $1.78 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.43. View Westlake Chemical Partners' Dividend History.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) issued its quarterly earnings results on Thursday, May, 2nd. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The basic materials company had revenue of $299.09 million for the quarter. Westlake Chemical Partners had a return on equity of 5.43% and a net margin of 4.00%. View Westlake Chemical Partners' Earnings History.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for Westlake Chemical Partners.

What price target have analysts set for WLKP?

2 analysts have issued 1-year target prices for Westlake Chemical Partners' stock. Their predictions range from $25.00 to $27.00. On average, they expect Westlake Chemical Partners' stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Price Targets for Westlake Chemical Partners.

What is the consensus analysts' recommendation for Westlake Chemical Partners?

2 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 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Westlake Chemical Partners.

Has Westlake Chemical Partners been receiving favorable news coverage?

Media stories about WLKP stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Westlake Chemical Partners earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Westlake Chemical Partners.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 209,600 shares, an increase of 22.1% from the April 15th total of 171,700 shares. Based on an average trading volume of 66,100 shares, the short-interest ratio is presently 3.2 days. Currently, 1.1% of the company's stock are sold short. View Westlake Chemical Partners' Current Options Chain.

Who are some of Westlake Chemical Partners' key competitors?

What other stocks do shareholders of Westlake Chemical Partners own?

Who are Westlake Chemical Partners' key executives?

Westlake Chemical Partners' management team includes the folowing people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director of Westlake Chemical Partners GP LLC (Age 69)
  • Mr. Steven Mark Bender CPA, Sr. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 62)
  • Mr. George J. Mangieri, VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC (Age 68)
  • Mr. L. Benjamin Ederington, VP, Gen. Counsel, Sec. & Director of Westlake Chemical Partners GP LLC (Age 48)
  • Mr. Lawrence E. Teel, Exec. VP, Olefins of Westlake Chemical Partners GP LLC (Age 60)

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by many different of institutional and retail investors. Top institutional shareholders include OppenheimerFunds Inc. (18.45%), Janus Henderson Group PLC (5.65%), Tortoise Capital Advisors L.L.C. (2.17%), Duff & Phelps Investment Management Co. (1.94%), Clearbridge Investments LLC (1.31%) and Citigroup Inc. (0.67%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel, Mark Steven Bender and Ttwfgp Llc. View Institutional Ownership Trends for Westlake Chemical Partners.

Which institutional investors are selling Westlake Chemical Partners stock?

WLKP stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Duff & Phelps Investment Management Co., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, BNP Paribas Arbitrage SA and Adirondack Research & Management Inc.. View Insider Buying and Selling for Westlake Chemical Partners.

Which institutional investors are buying Westlake Chemical Partners stock?

WLKP stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Clearbridge Investments LLC, Janus Henderson Group PLC, Citigroup Inc., Acadian Asset Management LLC and Janney Montgomery Scott LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel, Mark Steven Bender and Ttwfgp Llc. View Insider Buying and Selling for Westlake Chemical Partners.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $24.55.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $791.66 million and generates $1.29 billion in revenue each year. The basic materials company earns $49.35 million in net income (profit) each year or $1.51 on an earnings per share basis. View Additional Information About Westlake Chemical Partners.

What is Westlake Chemical Partners' official website?

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

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]


MarketBeat Community Rating for Westlake Chemical Partners (NYSE WLKP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  198 (Thanks for Voting!)
Underperform Votes:  188 (Thanks for Voting!)
Total Votes:  386
MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical Partners and other stocks. Vote "Outperform" if you believe WLKP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WLKP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/17/2019 by MarketBeat.com Staff

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