Westlake Chemical Partners Stock Forecast, Price & News

3 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 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Westlake Chemical Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLKP, but not buy additional shares or sell existing shares.
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Westlake Chemical Partners saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 180,800 shares, an increase of 28.8% from the January 14th total of 140,400 shares. Based on an average trading volume of 104,100 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.9% of the company's stock are short sold.
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Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Westlake Chemical Partners.

Westlake Chemical Partners LP (NYSE:WLKP) released its quarterly earnings results on Monday, February, 22nd. The basic materials company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.08. Westlake Chemical Partners had a net margin of 6.41% and a trailing twelve-month return on equity of 6.83%.
View Westlake Chemical Partners' earnings history.

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WLKP shares have increased by 43.0% and is now trading at $23.55.
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Westlake Chemical Partners announced a quarterly dividend on Tuesday, January 26th. Shareholders of record on Thursday, February 4th will be paid a dividend of $0.4714 per share on Friday, February 19th. This represents a $1.89 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Wednesday, February 3rd. This is a boost from Westlake Chemical Partners's previous quarterly dividend of $0.46.
View Westlake Chemical Partners' dividend history.

Westlake Chemical Partners pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.07%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Westlake Chemical Partners does not yet have a strock track record of dividend growth. 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.

3 Wall Street analysts have issued 12-month target prices for Westlake Chemical Partners' shares. Their forecasts range from $19.00 to $26.00. On average, they expect Westlake Chemical Partners' share price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 6.6%.
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Some companies that are related to Westlake Chemical Partners include Renewable Energy Group (REGI), Sensient Technologies (SXT), Methanex (MEOH), Gevo (GEVO), Cyclo Therapeutics (CTDH), Codexis (CDXS), Green Plains (GPRE), SolarWindow Technologies (WNDW), FutureFuel (FF), REX American Resources (REX), Alto Ingredients (PEIX), Aemetis (AMTX), Green Plains Partners (GPP), Landstar (LDSR) and Sino United Worldwide Consolidated (SUIC).
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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).

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

Westlake Chemical Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Janus Henderson Group PLC (3.33%), Clearbridge Investments LLC (1.94%), Morgan Stanley (0.84%), Duff & Phelps Investment Management Co. (0.77%), Virtus ETF Advisers LLC (0.20%) and NBW Capital LLC (0.15%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, George J Mangieri, L Benjamin Ederington, Randy Woelfel and Ttwfgp Llc.
View institutional ownership trends for Westlake Chemical Partners.

WLKP stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Morgan Stanley, Duff & Phelps Investment Management Co., NBW Capital LLC, and Clearbridge Investments LLC.
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WLKP stock was acquired by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Alpine Woods Capital Investors LLC, GSA Capital Partners LLP, Russell Investments Group Ltd., QS Investors LLC, Virtus ETF Advisers LLC, International Assets Investment Management LLC, and Sawtooth Solutions LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, L Benjamin Ederington, Randy Woelfel, and Ttwfgp Llc.
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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.
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One share of WLKP stock can currently be purchased for approximately $23.55.

Westlake Chemical Partners has a market capitalization of $828.82 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.

The official website for Westlake Chemical Partners is www.wlkpartners.com.

Westlake Chemical Partners is headquartered at 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056.

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]