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S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
SunPower Is Ready To Power Up Triple-Digit Earnings Gains
Build A Better Tech Portfolio With Jabil Inc.
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
US stocks end mixed a day after Dow entered a bear market
Leaks on Russian gas pipelines raise concerns about sabotage
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
Will UPS Be Next to Deliver a Warning?
Vote in Ukraine's Russia-held areas stokes tension with West
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
SunPower Is Ready To Power Up Triple-Digit Earnings Gains
Build A Better Tech Portfolio With Jabil Inc.
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
US stocks end mixed a day after Dow entered a bear market
Leaks on Russian gas pipelines raise concerns about sabotage
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
Will UPS Be Next to Deliver a Warning?
Vote in Ukraine's Russia-held areas stokes tension with West
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
SunPower Is Ready To Power Up Triple-Digit Earnings Gains
Build A Better Tech Portfolio With Jabil Inc.
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
US stocks end mixed a day after Dow entered a bear market
Leaks on Russian gas pipelines raise concerns about sabotage
What The White House Is NOT Telling You About The "Green Revolution." (Ad)
Will UPS Be Next to Deliver a Warning?
Vote in Ukraine's Russia-held areas stokes tension with West
NYSE:WLKP

Westlake Chemical Partners - WLKP Stock Forecast, Price & News

$20.63
+0.70 (+3.51%)
(As of 09/27/2022 12:00 AM ET)
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Compare
Today's Range
$20.00
$20.80
50-Day Range
$19.93
$26.22
52-Week Range
$19.71
$29.40
Volume
297,309 shs
Average Volume
40,075 shs
Market Capitalization
$726.38 million
P/E Ratio
9.69
Dividend Yield
9.46%
Price Target
$29.00

Westlake Chemical Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.6% Upside
$29.00 Price Target
Short Interest
Healthy
0.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
3.72%
From $1.88 to $1.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Basic Materials Sector

75th out of 167 stocks

Industrial Organic Chemicals Industry

6th out of 20 stocks

WLKP stock logo

About Westlake Chemical Partners (NYSE:WLKP) Stock

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 either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was incorporated in 2014 and is headquartered in Houston, Texas.

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WLKP Stock News Headlines

What Makes Westlake (WLK) a New Buy Stock
7 High-Yield Dividend Stocks to Buy in July 2022
3 Stocks Dividend Investors Should Buy Now
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WLKP Company Calendar

Last Earnings
8/02/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Dividend Payable
8/25/2022
Today
9/28/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+40.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$82.55 million
Pretax Margin
25.79%

Debt

Sales & Book Value

Annual Sales
$1.21 billion
Cash Flow
$5.62 per share
Book Value
$27.62 per share

Miscellaneous

Free Float
N/A
Market Cap
$726.38 million
Optionable
Optionable
Beta
0.99

Key Executives

  • Mr. Albert Yuan Chao (Age 72)
    Pres, CEO & Director of Westlake Chemical Partners GP LLC
  • Mr. Mark Steven Bender CPA (Age 65)
    Exec. VP, CFO & Director of Westlake Chemical Partners GP LLC
  • Mr. Johnathan Stevan Zoeller (Age 46)
    VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC
  • Mr. L. Benjamin Ederington (Age 51)
    EVP, Gen. Counsel, Chief Admin Officer, Sec. & Director of Westlake Chemical Partners GP LLC
  • Mr. Andrew F. Kenner (Age 57)
    Sr. VP of Olefin Materials & Corp. Procurement of Westlake Chemical Partners GP LLC
  • Mr. Jeff Holy
    VP & Treasurer of Westlake Chemical Partners GP LLC













WLKP Stock - Frequently Asked Questions

Should I buy or sell Westlake Chemical Partners stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WLKP shares.
View WLKP analyst ratings
or view top-rated stocks.

What is Westlake Chemical Partners' stock price forecast for 2022?

1 analysts have issued 1-year price objectives for Westlake Chemical Partners' stock. Their WLKP share price forecasts range from $25.00 to $32.00. On average, they expect the company's share price to reach $29.00 in the next year. This suggests a possible upside of 40.6% from the stock's current price.
View analysts price targets for WLKP
or view top-rated stocks among Wall Street analysts.

How have WLKP shares performed in 2022?

Westlake Chemical Partners' stock was trading at $26.86 at the start of the year. Since then, WLKP stock has decreased by 23.2% and is now trading at $20.63.
View the best growth stocks for 2022 here
.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 55,500 shares, a decline of 20.9% from the August 15th total of 70,200 shares. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the shares of the stock are short sold.
View Westlake Chemical Partners' Short Interest
.

When is Westlake Chemical Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our WLKP earnings forecast
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) posted its earnings results on Tuesday, August, 2nd. The basic materials company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.02. The basic materials company had revenue of $448.79 million for the quarter. Westlake Chemical Partners had a net margin of 5.22% and a trailing twelve-month return on equity of 7.84%. During the same period in the prior year, the business earned $0.71 earnings per share.

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, August 1st. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.471 per share on Thursday, August 25th. This represents a $1.88 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for WLKP
.

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners (NYSE:WLKP) pays an annual dividend of $1.89 per share and currently has a dividend yield of 9.46%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 88.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WLKP will have a dividend payout ratio of 96.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WLKP.

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 (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

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 retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (1.34%), UBS Group AG (0.84%), Goldman Sachs Group Inc. (0.51%), Tortoise Capital Advisors L.L.C. (0.40%), Bank of Montreal Can (0.19%) and BNP Paribas Arbitrage SA (0.14%). Insiders that own company stock include Albert Chao, Andrew Kenner, G Stephen Finley, George J Mangieri, James Chao, L Benjamin Ederington and Randy Woelfel.
View institutional ownership trends
.

How do I buy shares of Westlake Chemical Partners?

Shares of WLKP stock 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.
Compare Top Brokerages Here.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $20.63.

How much money does Westlake Chemical Partners make?

Westlake Chemical Partners (NYSE:WLKP) has a market capitalization of $726.38 million and generates $1.21 billion in revenue each year. The basic materials company earns $82.55 million in net income (profit) each year or $2.13 on an earnings per share basis.

How many employees does Westlake Chemical Partners have?

The company employs 2,020 workers across the globe.

How can I contact Westlake Chemical Partners?

Westlake Chemical Partners' mailing address is 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056. The official website for the company is www.wlkpartners.com. The basic materials company can be reached via phone at (713) 585-2900 or via email at investorrelations@westlake.com.

This page (NYSE:WLKP) was last updated on 9/28/2022 by MarketBeat.com Staff

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