NYSE:WLKP

Westlake Chemical Partners Stock Forecast, Price & News

$21.47

-0.16 (-0.74 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$21.38

Now: $21.47▼

$21.78

50-Day Range

$20.92

MA: $22.09▼

$23.84

52-Week Range

$10.31

Now: $21.47▼

$24.82

Volume63,987 shs

Average Volume77,329 shs

Market Capitalization$755.62 million

P/E Ratio11.67

Dividend Yield8.74%

Beta1.06

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.

MarketRank^™

Overall MarketRank^™

2.08 out of 5 stars

Basic Materials Sector

30th out of 651 stocks

Industrial Organic Chemicals Industry

4th out of 30 stocks

1.3 Analyst's Opinion

Consensus Rating
Westlake Chemical Partners has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.75, Westlake Chemical Partners has a forecasted upside of 6.0% from its current price of $21.47.
Amount of Analyst Coverage
Westlake Chemical Partners has received no research coverage in the past 90 days.

2.5 Community Rank

Outperform Votes
Westlake Chemical Partners has received 243 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Westlake Chemical Partners has received 239 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Westlake Chemical Partners has received 50.41% “outperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
Westlake Chemical Partners is a leading dividend payer. It pays a dividend yield of 8.74%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Westlake Chemical Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Westlake Chemical Partners is 106.78%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 96.92% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Westlake Chemical Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $18,570.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
42.44% of the stock of Westlake Chemical Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Westlake Chemical Partners are expected to grow by 6.56% in the coming year, from $1.83 to $1.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Westlake Chemical Partners is 11.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Westlake Chemical Partners is 11.67, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.38.
Price to Earnings Growth Ratio
Westlake Chemical Partners has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Westlake Chemical Partners has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Industrial organic chemicals

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:WLKP

Previous Symbol

CUSIPN/A

CIK1604665

Webwww.wlkpartners.com

Phone713-585-2900

EmployeesN/A

Debt

Debt-to-Equity Ratio0.43

Current Ratio7.91

Quick Ratio7.86

Price-To-Earnings

Trailing P/E Ratio11.67

Forward P/E Ratio11.73

P/E Growth3.18

Sales & Book Value

Annual Sales$1.09 billion

Price / Sales0.69

Cash Flow$5.39 per share

Price / Cash Flow3.98

Book Value$27.05 per share

Price / Book0.79

Profitability

EPS (Most Recent Fiscal Year)$1.77

Net Income$60.98 million

Net Margins6.41%

Return on Equity6.83%

Return on Assets4.68%

Miscellaneous

Outstanding Shares35,194,000

Market Cap$755.62 million

Next Earnings Date2/16/2021 (Estimated)

OptionableOptionable

$21.47

-0.16 (-0.74 %)

(As of 01/15/2021 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 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 stock has increased by 30.4% and is now trading at $21.47.
View which stocks have been most impacted by COVID-19.

Is Westlake Chemical Partners a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Westlake Chemical Partners stock.
View analyst ratings for Westlake Chemical Partners or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Westlake Chemical Partners?

Wall Street analysts have given Westlake Chemical Partners a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Westlake Chemical Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Westlake Chemical Partners.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) posted its quarterly earnings results on Tuesday, November, 3rd. The basic materials company reported $0.53 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.09. The basic materials company had revenue of $231.97 million for the quarter. Westlake Chemical Partners had a net margin of 6.41% and a return on equity of 6.83%.
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 announced a quarterly dividend on Friday, October 30th. Stockholders of record on Monday, November 9th will be given a dividend of $0.4714 per share on Tuesday, November 24th. This represents a $1.89 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Friday, November 6th. This is an increase from Westlake Chemical Partners's previous quarterly dividend of $0.46.
View Westlake Chemical Partners' dividend history.

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.74%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Westlake Chemical Partners is 106.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 96.92% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.
View Westlake Chemical Partners' dividend history.

What price target have analysts set for WLKP?

4 brokers have issued twelve-month price targets for Westlake Chemical Partners' stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $22.75 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts' price targets for Westlake Chemical Partners or view Wall Street analyst' top-rated stocks.

Who are some of Westlake Chemical Partners' key competitors?

Some companies that are related to Westlake Chemical Partners include Amyris (AMRS), Codexis (CDXS), Cyclo Therapeutics (CTDH), Gevo (GEVO), Green Plains (GPRE), FutureFuel (FF), SolarWindow Technologies (WNDW), REX American Resources (REX), Pacific Ethanol (PEIX), Green Plains Partners (GPP), Aemetis (AMTX), Tantech (TANH), Landstar (LDSR), Image Chain Group (ICGL) and Sino United Worldwide Consolidated (SUIC).
View all of WLKP's 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 (ET), AbbVie (ABBV), International Business Machines (IBM), Verizon Communications (VZ), Westlake Chemical (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

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 71)
Mr. Steven Mark Bender CPA, Sr. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 64)
Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 45)
Mr. L. Benjamin Ederington, VP, Gen. Counsel, Sec. & Director of Westlake Chemical Partners GP LLC (Age 50)
Mr. Lawrence E. Teel, Sr. VP of Olefins - Westlake Chemical Partners GP LLC (Age 62)
Mr. Jeff Holy, VP & Treasurer of Westlake Chemical Partners GP LLC

What is Westlake Chemical Partners' stock symbol?

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

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 WeBull, 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 $21.47.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $755.62 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 1/17/2021 by MarketBeat.com Staff

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