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

$22.68
-0.94 (-3.98 %)
(As of 02/25/2020 04:00 PM ET)
Today's Range
$22.53
Now: $22.68
$23.62
50-Day Range
$22.34
MA: $23.56
$24.80
52-Week Range
$20.95
Now: $22.68
$26.48
Volume148,100 shs
Average Volume59,232 shs
Market Capitalization$731.36 million
P/E Ratio12.89
Dividend Yield8.00%
Beta0.61
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$1.09 billion
Cash Flow$4.77 per share
Book Value$28.97 per share

Profitability

Net Income$60.98 million

Miscellaneous

EmployeesN/A
Market Cap$731.36 million
Next Earnings Date5/7/2020 (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 Monday, January 27th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.4714 per share on Tuesday, February 18th. This represents a $1.89 annualized dividend and a yield of 8.31%. The ex-dividend date is Friday, January 31st. This is a boost from Westlake Chemical Partners's previous quarterly dividend of $0.46. View Westlake Chemical Partners' Dividend History.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) released its earnings results on Tuesday, February, 18th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.01. The basic materials company had revenue of $272.80 million for the quarter. Westlake Chemical Partners had a return on equity of 6.28% and a net margin of 5.59%. 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, May 7th 2020. View Earnings Estimates for Westlake Chemical Partners.

What price target have analysts set for WLKP?

2 brokers have issued 1 year target prices for Westlake Chemical Partners' shares. Their forecasts range from $23.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $26.00 in the next year. This suggests a possible upside of 14.6% 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?

Headlines about WLKP stock have trended very negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. 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 coverage optimism score of -3.0 on InfoTrie's scale. They also gave news articles about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Westlake Chemical Partners.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a decline in short interest in January. As of January 31st, there was short interest totalling 330,600 shares, a decline of 5.7% from the January 15th total of 350,600 shares. Based on an average daily volume of 79,200 shares, the short-interest ratio is currently 4.2 days. Currently, 1.8% of the shares of the company 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical Partners investors own include Energy Transfer LP Unit (ET), AT&T (T), Enterprise Products Partners (EPD), AbbVie (ABBV), Alliance Resource Partners (ARLP), Enbridge (ENB), KNOT Offshore Partners (KNOP), Domtar (UFS), Westlake Chemical (WLK) and VelocityShares 3x Long Natural Gas ETN (UGAZ).

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 variety of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (5.89%), Tortoise Capital Advisors L.L.C. (2.25%), UBS Group AG (2.02%), Duff & Phelps Investment Management Co. (1.41%), Tiedemann Advisors LLC (1.35%) and Goldman Sachs Group Inc. (1.00%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, George J Mangieri, 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 UBS Group AG, Duff & Phelps Investment Management Co., Blair William & Co. IL, California Public Employees Retirement System, NBW Capital LLC, Russell Investments Group Ltd., Bank of America Corp DE and Guggenheim Capital LLC. View Insider Buying and Selling for Westlake Chemical Partners.

Which institutional investors are buying Westlake Chemical Partners stock?

WLKP stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Tortoise Capital Advisors L.L.C., Goldman Sachs Group Inc., Alphasimplex Group LLC, Acadian Asset Management LLC, Citigroup Inc., Jane Street Group LLC and Tiedemann Advisors LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, 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, Robinhood, Fidelity and Charles Schwab.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $22.68.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $731.36 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. 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:  2.5 out of 5 (star star half star)
Outperform Votes:  231 (Vote Outperform)
Underperform Votes:  222 (Vote Underperform)
Total Votes:  453
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 2/25/2020 by MarketBeat.com Staff

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