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

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$22.70 +0.10 (+0.44 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$22.60
Today's Range$22.57 - $22.8550
52-Week Range$20.25 - $27.75
Volume17,247 shs
Average Volume57,535 shs
Market Capitalization$732.01 million
P/E Ratio15.03
Dividend Yield7.65%
Beta0.62
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. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was founded in 2014 and is headquartered in Houston, Texas.

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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$4.9241 per share
Book Value$28.97 per share

Profitability

Net Income$49.35 million

Miscellaneous

EmployeesN/A
Market Cap$732.01 million
Next Earnings Date5/2/2019 (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 Monday, January 28th. Investors of record on Tuesday, February 5th will be paid a dividend of $0.4328 per share on Wednesday, February 20th. This represents a $1.73 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date is Monday, February 4th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.42. View Westlake Chemical Partners' Dividend History.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) announced its quarterly earnings data on Tuesday, February, 19th. The basic materials company reported $0.37 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.38 by $0.01. The basic materials company earned $335.73 million during the quarter, compared to the consensus estimate of $288.95 million. Westlake Chemical Partners had a net margin of 3.84% and a return on equity of 5.16%. The company's revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. 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 2nd 2019. View Earnings Estimates for Westlake Chemical Partners.

What price target have analysts set for WLKP?

2 Wall Street analysts have issued 1 year target prices for Westlake Chemical Partners' stock. Their predictions range from $25.00 to $27.00. On average, they anticipate Westlake Chemical Partners' stock price to reach $26.00 in the next year. This suggests a possible upside of 14.5% 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?

News coverage about WLKP stock has been trending very positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Westlake Chemical Partners earned a news impact score of 3.6 on InfoTrie's scale. They also gave media coverage about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.

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)

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 $22.70.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $732.01 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.

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:  187 (Vote Outperform)
Underperform Votes:  180 (Vote Underperform)
Total Votes:  367
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 4/19/2019 by MarketBeat.com Staff

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