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NYSE:WLKPWestlake Chemical Partners Stock Price, Forecast & News

$20.50
+1.27 (+6.60 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$18.66
Now: $20.50
$20.79
50-Day Range
$14.50
MA: $17.31
$19.25
52-Week Range
$10.31
Now: $20.50
$26.48
Volume206,132 shs
Average Volume99,272 shs
Market Capitalization$721.40 million
P/E Ratio11.39
Dividend Yield9.81%
Beta1.05
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.77 out of 5 stars


Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
CUSIPN/A
Phone713-585-2900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.09 billion
Cash Flow$5.10 per share
Book Value$27.00 per share

Profitability

Net Income$60.98 million

Miscellaneous

EmployeesN/A
Market Cap$721.40 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

How has Westlake Chemical Partners' stock been impacted by COVID-19 (Coronavirus)?

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WLKP shares have increased by 24.5% and is now trading at $20.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Westlake Chemical Partners?

3 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Westlake Chemical Partners.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Westlake Chemical Partners.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) released its quarterly earnings results on Monday, May, 4th. The basic materials company reported $0.50 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.01. The basic materials company had revenue of $250.55 million for the quarter. Westlake Chemical Partners had a return on equity of 6.65% and a net margin of 6.11%. View Westlake Chemical Partners' earnings history.

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 Thursday, April 30th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.4714 per share on Tuesday, May 26th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.46. View Westlake Chemical Partners' dividend history.

What price target have analysts set for WLKP?

3 brokerages have issued twelve-month price objectives for Westlake Chemical Partners' shares. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $23.33 in the next year. This suggests a possible upside of 13.8% from the stock's current price. View analysts' price targets for Westlake Chemical Partners.

Has Westlake Chemical Partners been receiving favorable news coverage?

Headlines about WLKP stock have trended very negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing 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 five, with scores nearest to five being the most favorable. Westlake Chemical Partners earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutWestlake Chemical Partners.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 191,000 shares, a decline of 49.8% from the April 15th total of 380,700 shares. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.0% of the shares of the stock are short sold. 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 AT&T (T), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AbbVie (ABBV), Westlake Chemical (WLK), Exxon Mobil (XOM), B&G Foods (BGS), IBM (IBM), Verizon Communications (VZ) and Wells Fargo & Co (WFC).

Who are Westlake Chemical Partners' key executives?

Westlake Chemical Partners' management team includes the following 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)

What is Westlake Chemical Partners' stock symbol?

Westlake Chemical Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLKP."

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (18.93%), Janus Henderson Group PLC (5.17%), Clearbridge Investments LLC (1.96%), Morgan Stanley (1.46%), Morgan Stanley (1.46%) and UBS Group AG (1.45%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, George J Mangieri, L Benjamin Ederington, Randy Woelfel 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 Tortoise Capital Advisors L.L.C., Invesco Ltd., UBS Group AG, Janus Henderson Group PLC, Deutsche Bank AG, Russell Investments Group Ltd., NBW Capital LLC, and Raymond James & Associates. View insider buying and selling activity 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 Citigroup Inc., Virtus ETF Advisers LLC, Clearbridge Investments LLC, Acadian Asset Management LLC, Morgan Stanley, Morgan Stanley, Bourgeon Capital Management LLC, and Your Advocates Ltd. LLP. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, L Benjamin Ederington, Randy Woelfel, and Ttwfgp Llc. View insider buying and selling activity 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 $20.50.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $721.40 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.

What is Westlake Chemical Partners' official website?

The official website for Westlake Chemical Partners is 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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