Westlake Chemical Partners Stock Forecast, Price & 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 (WHO). Since then, WLKP stock has increased by 32.5% and is now trading at $21.83.
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4 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Westlake Chemical Partners stock.
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6,978 employees have rated Westlake Chemical Partners CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Westlake Chemical Partners' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Westlake Chemical Partners.

Westlake Chemical Partners LP (NYSE:WLKP) posted its earnings results on Tuesday, November, 3rd. The basic materials company reported $0.53 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.09. The basic materials company earned $231.97 million during the quarter. Westlake Chemical Partners had a return on equity of 6.83% and a net margin of 6.41%.
View Westlake Chemical Partners' earnings history.

Westlake Chemical Partners declared a quarterly dividend on Friday, October 30th. Investors of record on Monday, November 9th will be given a dividend of $0.4714 per share on Tuesday, November 24th. This represents a $1.89 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.46.
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 8.68%. 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 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.
View Westlake Chemical Partners' dividend history.

4 analysts have issued 12-month price objectives for Westlake Chemical Partners' stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $22.75 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
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Some companies that are related to Westlake Chemical Partners include Methanex (MEOH), Amyris (AMRS), Gevo (GEVO), Codexis (CDXS), Cyclo Therapeutics (CTDH), SolarWindow Technologies (WNDW), Green Plains (GPRE), FutureFuel (FF), REX American Resources (REX), Pacific Ethanol (PEIX), Green Plains Partners (GPP), Landstar (LDSR), Aemetis (AMTX), TOMI Environmental Solutions (TOMZ) and Tantech (TANH).
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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 number of retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (0.00%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, George J Mangieri, L Benjamin Ederington, Randy Woelfel and Ttwfgp Llc.
View institutional ownership trends for Westlake Chemical Partners.

WLKP stock was acquired by a variety of institutional investors in the last quarter, including International Assets Investment Management LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, L Benjamin Ederington, Randy Woelfel, and Ttwfgp Llc.
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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.

One share of WLKP stock can currently be purchased for approximately $21.83.

Westlake Chemical Partners has a market capitalization of $768.29 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]