NYSE:WLKP - Westlake Chemical Partners Stock Price, News, & Analysis

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$22.50 -0.10 (-0.44 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$22.60
Today's Range$22.44 - $22.77
52-Week Range$20.25 - $27.75
Volume53,983 shs
Average Volume55,920 shs
Market Capitalization$725.56 million
P/E Ratio14.90
Dividend Yield7.65%
Beta0.62
Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and related assets in the United States. The company operates ethylene production facilities, which 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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.29 billion
Cash Flow$4.8807 per share
Book Value$28.97 per share

Profitability

Net Income$49.35 million

Miscellaneous

EmployeesN/A
Market Cap$725.56 million
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

What is Westlake Chemical Partners' stock symbol?

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

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, January 28th. Shareholders of record on Tuesday, February 5th will be given a dividend of $0.4328 per share on Wednesday, February 20th. This represents a $1.73 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend is Monday, February 4th. This is a boost from Westlake Chemical Partners's previous quarterly dividend of $0.42. View Westlake Chemical Partners' Dividend History.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) announced its quarterly earnings data on Tuesday, February, 19th. The basic materials company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.01. The basic materials company had revenue of $335.73 million for the quarter, compared to analysts' expectations of $288.95 million. Westlake Chemical Partners had a return on equity of 5.16% and a net margin of 3.84%. The company's revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. View Westlake Chemical Partners' Earnings History.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Westlake Chemical Partners.

What price target have analysts set for WLKP?

2 brokerages have issued twelve-month price targets for Westlake Chemical Partners' shares. Their forecasts range from $25.00 to $27.00. On average, they expect Westlake Chemical Partners' share price to reach $26.00 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for Westlake Chemical Partners.

What is the consensus analysts' recommendation for Westlake Chemical Partners?

2 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 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Westlake Chemical Partners.

Has Westlake Chemical Partners been receiving favorable news coverage?

Headlines about WLKP stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Westlake Chemical Partners earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are some of Westlake Chemical Partners' key competitors?

What other stocks do shareholders of Westlake Chemical Partners own?

Who are Westlake Chemical Partners' key executives?

Westlake Chemical Partners' management team includes the folowing 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)

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Energy Income Partners LLC (4.03%), Harvest Fund Advisors LLC (4.01%), Citigroup Inc. (0.60%), Acadian Asset Management LLC (0.36%), Van ECK Associates Corp (0.35%) and GSA Capital Partners LLP (0.08%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel and Mark Steven Bender. View Institutional Ownership Trends for Westlake Chemical Partners.

Which major investors are selling Westlake Chemical Partners stock?

WLKP stock was sold by a variety of institutional investors in the last quarter, including Harvest Fund Advisors LLC, GSA Capital Partners LLP, Energy Income Partners LLC, Janney Montgomery Scott LLC, Van ECK Associates Corp, Barclays PLC and Raymond James & Associates. View Insider Buying and Selling for Westlake Chemical Partners.

Which major investors are buying Westlake Chemical Partners stock?

WLKP stock was purchased by a variety of institutional investors in the last quarter, including Citigroup Inc., Kayne Anderson Capital Advisors LP, Bank of America Corp DE and Acadian Asset Management LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel and Mark Steven Bender. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $22.50.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $725.56 million and generates $1.29 billion in revenue each year. The basic materials company earns $49.35 million in net income (profit) each year or $1.51 on an earnings per share basis.

What is Westlake Chemical Partners' official website?

The official website for Westlake Chemical Partners is http://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]


MarketBeat Community Rating for Westlake Chemical Partners (NYSE WLKP)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  185 (Vote Outperform)
Underperform Votes:  175 (Vote Underperform)
Total Votes:  360
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.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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