NYSE:WLKP

Westlake Chemical Partners Stock Forecast, Price & News

$27.10
-0.01 (-0.04 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$27.01
$27.30
50-Day Range
$23.53
$27.28
52-Week Range
$17.09
$27.45
Volume105,770 shs
Average Volume118,059 shs
Market Capitalization$953.89 million
P/E Ratio14.73
Dividend Yield6.97%
Beta1.06
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
CUSIPN/A
Phone713-585-2900
EmployeesN/A
Year FoundedN/A

Sales & Book Value

Annual Sales$1.09 billion
Cash Flow$6.81 per share
Book Value$27.05 per share

Profitability

Net Income$60.98 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$953.89 million
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

Headlines

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Westlake Chemical Partners logo

About Westlake Chemical Partners

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

1.94 out of 5 stars

Basic Materials Sector

46th out of 864 stocks

Industrial Organic Chemicals Industry

5th out of 38 stocks

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

Is Westlake Chemical Partners a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. 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.
View analyst ratings for Westlake Chemical Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Westlake Chemical Partners?

Wall Street analysts have given Westlake Chemical Partners a "Hold" 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.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 168,400 shares, a decrease of 39.2% from the March 31st total of 276,900 shares. Based on an average daily volume of 132,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.8% of the shares of the stock are sold short.
View Westlake Chemical Partners' Short Interest
.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Westlake Chemical Partners
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) issued its quarterly earnings results on Monday, May, 3rd. The basic materials company reported $0.43 EPS for the quarter, missing the Zacks' consensus estimate of $0.52 by $0.09. Westlake Chemical Partners had a trailing twelve-month return on equity of 6.83% and a net margin of 6.41%.
View Westlake Chemical Partners' earnings history
.

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

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WLKP shares have increased by 64.5% and is now trading at $27.10.
View which stocks have been most impacted by COVID-19
.

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, May 3rd. Stockholders of record on Thursday, May 13th will be given a dividend of $0.471 per share on Thursday, May 27th. This represents a $1.88 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Wednesday, May 12th.
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 6.97%. 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.

What price target have analysts set for WLKP?

3 brokers have issued 1 year target prices for Westlake Chemical Partners' shares. Their forecasts range from $21.00 to $30.00. On average, they expect Westlake Chemical Partners' share price to reach $25.33 in the next year. This suggests that the stock has a possible downside of 6.5%.
View analysts' price targets for Westlake Chemical Partners
or view top-rated stocks among Wall Street analysts.

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. Mark Steven Bender CPA, Exec. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 64)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC (Age 45)
  • Mr. L. Benjamin Ederington, SVP, Gen. Counsel, Chief Admin Officer, Sec. & Director of Westlake Chemical Partners GP LLC (Age 50)
  • Mr. Lawrence E. Teel, Exec. VP & Special Advisor to the CEO (Age 62)
  • Mr. Jeff Holy, VP & Treasurer of Westlake Chemical Partners GP LLC

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 (ET), AbbVie (ABBV), International Business Machines (IBM), Verizon Communications (VZ), Westlake Chemical (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 many different retail and institutional investors. Top institutional shareholders include Arkfeld Wealth Strategies L.L.C. (0.19%), NBW Capital LLC (0.15%), Eagle Global Advisors LLC (0.07%) and International Assets Investment Management LLC (0.01%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, G Stephen Finley, George J Mangieri, L Benjamin Ederington and Randy Woelfel.
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 Eagle Global Advisors LLC, and NBW Capital LLC.
View insider buying and selling activity for Westlake Chemical Partners
or view top insider-selling stocks.

Which major investors are buying Westlake Chemical Partners stock?

WLKP stock was acquired by a variety of institutional investors in the last quarter, including Arkfeld Wealth Strategies L.L.C., and International Assets Investment Management LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, G Stephen Finley, L Benjamin Ederington, and Randy Woelfel.
View insider buying and selling activity for Westlake Chemical Partners
or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

What is Westlake Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $27.10.

How much money does Westlake Chemical Partners make?

Westlake Chemical Partners has a market capitalization of $953.89 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.

Where are Westlake Chemical Partners' headquarters?

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

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 5/9/2021 by MarketBeat.com Staff
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