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NYSE:WLKP

Westlake Chemical Partners Stock Forecast, Price & News

$20.83
0.00 (0.00 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$20.67
Now: $20.83
$20.96
50-Day Range
$19.12
MA: $20.22
$21.13
52-Week Range
$10.31
Now: $20.83
$26.48
Volume37,264 shs
Average Volume70,571 shs
Market Capitalization$733.09 million
P/E Ratio11.32
Dividend Yield9.07%
Beta1.08
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: 1.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 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$4.94 per share
Book Value$27.05 per share

Profitability

Net Income$60.98 million

Miscellaneous

EmployeesN/A
Market Cap$733.09 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$20.83
0.00 (0.00 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

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

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. Since then, WLKP shares have increased by 26.5% and is now trading at $20.83.
View which stocks have been most impacted by COVID-19
.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last year. There are currently 2 hold ratings 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, November 3rd 2020.
View our earnings forecast for Westlake Chemical Partners
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) issued its earnings results on Thursday, August, 6th. The basic materials company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.04. The basic materials company earned $238.50 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
.

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 Friday, July 31st. Shareholders of record on Monday, August 10th will be given a dividend of $0.4714 per share on Monday, August 24th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date of this dividend is Friday, August 7th. 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?

4 brokerages have issued 12-month target prices for Westlake Chemical Partners' stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' stock price to reach $22.75 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
View analysts' price targets for Westlake Chemical Partners
.

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), Verizon Communications (VZ), IBM (IBM), Pfizer (PFE), Westlake Chemical (WLK), Johnson & Johnson (JNJ) and JPMorgan Chase & Co. (JPM).

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 variety of institutional and retail investors. Top institutional investors include Duff & Phelps Investment Management Co. (1.14%), UBS Group AG (1.14%), Goldman Sachs Group Inc. (1.13%), Tiedemann Advisors LLC (0.76%), Bank of America Corp DE (0.37%) and Rafferty Asset Management LLC (0.24%). 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 Tiedemann Advisors LLC, UBS Group AG, Goldman Sachs Group Inc., Duff & Phelps Investment Management Co., California Public Employees Retirement System, Blair William & Co. IL, Glenmede Trust Co. NA, and Bank of America Corp DE.
View insider buying and selling activity for Westlake Chemical Partners
.

Which institutional investors are buying Westlake Chemical Partners stock?

WLKP stock was acquired by a variety of institutional investors in the last quarter, including Rafferty Asset Management LLC, Sawtooth Solutions LLC, Berman Capital Advisors LLC, Russell Investments Group Ltd., and Bourgeon Capital Management LLC. 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 $20.83.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $733.09 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 9/19/2020 by MarketBeat.com Staff

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