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
Phone713-585-2900
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.29 billion
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable
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 declared a quarterly dividend on Wednesday, July 31st. Shareholders of record on Monday, August 12th will be paid a dividend of $0.458 per share on Monday, August 26th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from Westlake Chemical Partners's previous quarterly dividend of $0.45. View Westlake Chemical Partners' Dividend History.
How were Westlake Chemical Partners' earnings last quarter?
Westlake Chemical Partners LP (NYSE:WLKP) posted its quarterly earnings data on Tuesday, August, 6th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.07. The basic materials company had revenue of $270.06 million for the quarter. Westlake Chemical Partners had a net margin of 4.18% and a return on equity of 5.53%. View Westlake Chemical Partners' Earnings History.
When is Westlake Chemical Partners' next earnings date?
What price target have analysts set for WLKP?
1 analysts have issued 1 year target prices for Westlake Chemical Partners' shares. Their predictions range from $27.00 to $27.00. On average, they expect Westlake Chemical Partners' share price to reach $27.00 in the next twelve months. This suggests a possible upside of 24.7% from the stock's current price. View Analyst Price Targets for Westlake Chemical Partners.
What is the consensus analysts' recommendation for Westlake Chemical Partners?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last year. There are currently 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?
News articles about WLKP stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Westlake Chemical Partners earned a news impact score of 2.5 on InfoTrie's scale. They also gave news articles about the basic materials company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the immediate future. View News Stories for Westlake Chemical Partners.
Who are some of Westlake Chemical Partners' key competitors?
Some companies that are related to Westlake Chemical Partners include Sensient Technologies (SXT), Methanex (MEOH), Codexis (CDXS), FutureFuel (FF), REX American Resources (REX), Renewable Energy Group (REGI), Amyris (AMRS), Green Plains (GPRE), Green Plains Partners (GPP), Sino United Worldwide Consolidated (SUIC), Solarwindow Technologies (WNDW), Tantech (TANH), Gevo (GEVO), Pacific Ethanol (PEIX) and CTD (CTDH).
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 a number of of retail and institutional investors. Top institutional investors include Invesco Ltd. (19.76%), Energy Income Partners LLC (5.28%), Janus Henderson Group PLC (5.24%), Janus Henderson Group PLC (5.24%), UBS Group AG (3.10%) and Morgan Stanley (2.19%). 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 major investors are selling Westlake Chemical Partners stock?
WLKP stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Janus Henderson Group PLC, Duff & Phelps Investment Management Co., Wells Fargo & Company MN, Russell Investments Group Ltd. and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Westlake Chemical Partners.
Which major investors are buying Westlake Chemical Partners stock?
WLKP stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Morgan Stanley, UBS Group AG, Acadian Asset Management LLC, Energy Income Partners LLC, Renaissance Technologies LLC, Tiedemann Advisors LLC and GSA Capital Partners LLP. 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 $21.66.
How big of a company is Westlake Chemical Partners?
Westlake Chemical Partners has a market capitalization of $698.54 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?
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)
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.
