Westlake Chemical Partners Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
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Westlake Chemical Partners saw a decrease in short interest in April. As of April 15th, there was short interest totaling 168,400 shares, a decrease of 39.2% from the March 31st total of 276,900 shares. Based on an average trading volume of 132,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are sold short.
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Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
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Westlake Chemical Partners LP (NYSE:WLKP) announced its quarterly earnings results on Monday, May, 3rd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.09. Westlake Chemical Partners had a trailing twelve-month return on equity of 6.83% and a net margin of 6.41%.
View Westlake Chemical Partners' earnings history.

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 shares have increased by 59.1% and is now trading at $26.20.
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Westlake Chemical Partners announced a quarterly dividend on Monday, May 3rd. Stockholders of record on Thursday, May 13th will be given a dividend of $0.471 per share on Thursday, May 27th. This represents a $1.88 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Wednesday, May 12th.
View Westlake Chemical Partners' dividend history.

Westlake Chemical Partners pays an annual dividend of $1.89 per share and currently has a dividend yield of 7.09%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Westlake Chemical Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of Westlake Chemical Partners is 106.78%. 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 96.92% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.
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3 equities research analysts have issued 12-month price objectives for Westlake Chemical Partners' shares. Their forecasts range from $21.00 to $30.00. On average, they expect Westlake Chemical Partners' stock price to reach $25.33 in the next year. This suggests that the stock has a possible downside of 3.3%.
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Some companies that are related to Westlake Chemical Partners include Sensient Technologies (SXT), Amyris (AMRS), Methanex (MEOH), Renewable Energy Group (REGI), Cyclo Therapeutics (CTDH), Green Plains (GPRE), Codexis (CDXS), Gevo (GEVO), FutureFuel (FF), SolarWindow Technologies (WNDW), REX American Resources (REX), Green Plains Partners (GPP), Aemetis (AMTX), Sino United Worldwide Consolidated (SUIC) and Wave Sync (WAYS).
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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).

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 institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (1.55%), UBS Group AG (0.74%), Duff & Phelps Investment Management Co. (0.64%), Acadian Asset Management LLC (0.38%), Bank of Montreal Can (0.26%) and Arkfeld Wealth Strategies L.L.C. (0.19%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, G Stephen Finley, George J Mangieri, L Benjamin Ederington and Randy Woelfel.
View institutional ownership trends for Westlake Chemical Partners.

WLKP stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Acadian Asset Management LLC, Duff & Phelps Investment Management Co., GSA Capital Partners LLP, Russell Investments Group Ltd., Blair William & Co. IL, Eagle Global Advisors LLC, and State of Tennessee Treasury Department.
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WLKP stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Arkfeld Wealth Strategies L.L.C., UBS Group AG, Rockefeller Capital Management L.P., Citigroup Inc., Alpine Woods Capital Investors LLC, Pinnacle Holdings LLC, and International Assets Investment Management 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.
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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.
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One share of WLKP stock can currently be purchased for approximately $26.20.

Westlake Chemical Partners has a market capitalization of $922.21 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 is headquartered at 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056.

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]