Westlake Chemical Partners LP Company Profile (NYSE:WLKP)

About Westlake Chemical Partners LP (NYSE:WLKP)

Westlake Chemical Partners LP logoWestlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. As of December 31, 2016, OpCo's assets included three ethylene production facilities, which primarily convert ethane into ethylene, and a 200-mile ethylene pipeline. As of December 31, 2016, OpCo owned two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), and one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 630 million pounds.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Commodity Chemicals
  • Sub-Industry: N/A
  • Symbol: NYSE:WLKP
  • CUSIP: N/A
  • Web: www.wlkpartners.com
Capitalization:
  • Market Cap: $618.3 million
  • Outstanding Shares: 27,059,000
Average Prices:
  • 50 Day Moving Avg: $23.29
  • 200 Day Moving Avg: $24.25
  • 52 Week Range: $19.25 - $26.25
P/E:
  • Trailing P/E Ratio: 16.29
  • Foreward P/E Ratio: 1.51
  • P/E Growth: 0.23
Sales & Book Value:
  • Annual Revenue: $1.09 billion
  • Price / Sales: 0.57
  • Book Value: $12.76 per share
  • Price / Book: 1.81
Dividend:
  • Annual Dividend: $1.46
  • Dividend Yield: 6.4%
Profitability:
  • EBITDA: $456.12 million
  • Net Margins: 3.60%
  • Return on Equity: 4.34%
  • Return on Assets: 2.54%
Debt:
  • Debt-to-Equity Ratio: 0.66%
  • Current Ratio: 5.60%
  • Quick Ratio: 5.47%
Misc:
  • Average Volume: 67,738 shs.
  • Beta: 1.21
  • Short Ratio: 0.89
 

Frequently Asked Questions for Westlake Chemical Partners LP (NYSE:WLKP)

What is Westlake Chemical Partners LP's stock symbol?

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

How often does Westlake Chemical Partners LP pay dividends? What is the dividend yield for Westlake Chemical Partners LP?

Westlake Chemical Partners LP declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.365 per share on Tuesday, August 29th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date is Friday, August 11th. This is a positive change from Westlake Chemical Partners LP's previous quarterly dividend of $0.35. View Westlake Chemical Partners LP's Dividend History.

How were Westlake Chemical Partners LP's earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.05. The firm had revenue of $290.11 million for the quarter, compared to analyst estimates of $381.59 million. Westlake Chemical Partners LP had a return on equity of 4.34% and a net margin of 3.60%. The business's revenue for the quarter was up 37.6% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. View Westlake Chemical Partners LP's Earnings History.

When will Westlake Chemical Partners LP make its next earnings announcement?

Westlake Chemical Partners LP is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Westlake Chemical Partners LP.

Where is Westlake Chemical Partners LP's stock going? Where will Westlake Chemical Partners LP's stock price be in 2017?

2 brokers have issued 1 year target prices for Westlake Chemical Partners LP's stock. Their predictions range from $30.00 to $30.00. On average, they anticipate Westlake Chemical Partners LP's stock price to reach $30.00 in the next year. View Analyst Ratings for Westlake Chemical Partners LP.

Who are some of Westlake Chemical Partners LP's key competitors?

Who are Westlake Chemical Partners LP's key executives?

Westlake Chemical Partners LP's management team includes the folowing people:

  • James Y. Chao, Chairman of the Board of Westlake Chemical Partners GP LLC,
  • Albert Y. Chao, President, Chief Executive Officer, Director of Westlake Chemical Partners GP LLC,
  • Mark Steven Bender, Chief Financial Officer, Senior Vice President, Director of Westlake Chemical Partners GP LLC
  • David R. Hansen, Senior Vice President - Administration
  • Lawrence E. Teel, Senior Vice President - Olefins
  • George J. Mangieri, Chief Accounting Officer, Vice President of Westlake Chemical Partners GP LLC
  • L. Benjamin Ederington, Vice President, General Counsel, Secretary, Director of Westlake Chemical Partners LP
  • Max L. Lukens, Independent Director
  • David Lumpkins, Independent Director of Westlake Chemical Partners GP LLC
  • Angela A. Minas, Independent Director of Westlake Chemical Partners GP LLC

How do I buy Westlake Chemical Partners LP stock?

Shares of Westlake Chemical Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Westlake Chemical Partners LP's stock price today?

One share of Westlake Chemical Partners LP stock can currently be purchased for approximately $23.15.


MarketBeat Community Rating for Westlake Chemical Partners LP (NYSE WLKP)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  64 (Vote Outperform)
Underperform Votes:  73 (Vote Underperform)
Total Votes:  137
MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Westlake Chemical Partners LP (NYSE:WLKP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $30.00 (29.59% upside)
Consensus Price Target History for Westlake Chemical Partners LP (NYSE:WLKP)
Price Target History for Westlake Chemical Partners LP (NYSE:WLKP)
Analysts' Ratings History for Westlake Chemical Partners LP (NYSE:WLKP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/12/2017FBR & CoBoost Price TargetOutperform$28.00 -> $30.00LowView Rating Details
1/20/2017Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
2/25/2016Deutsche Bank AGLower Price TargetBuy$40.00 -> $22.00N/AView Rating Details
2/24/2016Barclays PLCLower Price TargetEqual Weight$23.00 -> $21.00N/AView Rating Details
(Data available from 10/19/2015 forward)

Earnings

Earnings History for Westlake Chemical Partners LP (NYSE:WLKP)
Earnings by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Earnings History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$0.41N/AView Earnings Details
8/3/2017Q2 2017$0.41$0.36$381.59 million$290.11 millionViewListenView Earnings Details
5/2/2017Q1 2017$0.43$0.35$339.88 million$277.45 millionViewListenView Earnings Details
2/21/2017Q416$0.42$0.39$347.07 million$293.90 millionViewListenView Earnings Details
11/8/2016Q316$0.42$0.32$299.18 million$193.96 millionViewListenView Earnings Details
7/28/2016Q216$0.26$0.34$177.91 million$210.84 millionViewListenView Earnings Details
5/3/2016Q116$0.40$0.45$282.79 million$252.60 millionViewN/AView Earnings Details
2/23/2016Q415$0.41$0.40$268.91 million$248.50 millionViewListenView Earnings Details
11/3/2015Q315$0.40$0.37$268.76 million$248.60 millionViewN/AView Earnings Details
8/4/2015Q215$0.39$0.39$266.32 million$251.70 millionViewN/AView Earnings Details
5/4/2015Q115$0.32$0.31$259.79 million$258.40 millionViewN/AView Earnings Details
2/24/2015Q414$0.34$0.32$296.97 million$273.50 millionViewN/AView Earnings Details
11/4/2014Q314$0.34$0.19$293.26 million$392.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Westlake Chemical Partners LP (NYSE:WLKP)
Current Year EPS Consensus Estimate: $16.43 EPS
Next Year EPS Consensus Estimate: $15.35 EPS

Dividends

Current Dividend Information for Westlake Chemical Partners LP (NYSE:WLKP)
Most Recent Dividend:8/29/2017
Annual Dividend:$1.46
Dividend Yield:6.31%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:102.82% (Trailing 12 Months of Earnings)
8.89% (Based on This Year's Estimates)
9.51% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)

Dividend History by Quarter for Westlake Chemical Partners LP (NYSE WLKP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/2/2017quarterly$0.375.76%8/11/20178/15/20178/29/2017
5/2/2017quarterly$0.355.58%5/11/20175/15/20175/30/2017
1/27/2017quarterly$0.355.45%2/3/20172/7/20172/22/2017
10/31/2016$0.3411/9/201611/14/201611/29/2016
7/28/2016Quarterly$0.338/5/20168/9/20168/23/2016
4/27/2016$0.325/6/20165/10/20165/24/2016
2/1/2016Quarterly$0.312/9/20162/11/20162/26/2016
10/28/2015$0.3011/5/201511/9/201511/27/2015
7/29/2015$0.298/11/20158/13/20158/27/2015
5/1/2015quarterly$0.283.94%5/8/20155/12/20155/27/2015
1/30/2015quarterly$0.284.39%2/5/20152/9/20152/24/2015
10/28/2014quarterly$0.1711/6/201411/10/201411/25/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Westlake Chemical Partners LP (NYSE:WLKP)
Institutional Ownership Percentage: 38.91%
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Institutional Ownership by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Insider Trades by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/9/2017David LumpkinsDirectorBuy2,500$25.42$63,550.00View SEC Filing  
11/30/2016Angela A MinasDirectorBuy5,000$21.00$105,000.00View SEC Filing  
8/4/2014Albert ChaoCEOBuy1,526,115$1.42$2,167,083.30View SEC Filing  
8/4/2014George J MangieriCAOBuy5,000$24.00$120,000.00View SEC Filing  
8/4/2014Lawrence E TeelSVPBuy2,500$24.00$60,000.00View SEC Filing  
8/4/2014Mark Steven BenderCFOBuy10,000$24.00$240,000.00View SEC Filing  
8/4/2014Max L LukensDirectorBuy125,000$24.00$3,000,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Westlake Chemical Partners LP (NYSE:WLKP)
Latest Headlines for Westlake Chemical Partners LP (NYSE:WLKP)
Source:
DateHeadline
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 2-May-17 4:00pm GMT
finance.yahoo.com - October 18 at 10:42 AM
americanbankingnews.com logoPraxair (PX) and Westlake Chemical Partners (WLKP) Head to Head Contrast
www.americanbankingnews.com - October 17 at 12:54 PM
finance.yahoo.com logoWestlake Chemical Partners Announce Third Quarter 2017 Conference Call
finance.yahoo.com - October 17 at 9:06 AM
americanbankingnews.com logoCritical Analysis: Westlake Chemical Partners (WLKP) & Westlake Chemical Corporation (WLK)
www.americanbankingnews.com - October 14 at 2:32 PM
finance.yahoo.com logoHere's Why Westlake Chemical (WLK) is a Good Investment Pick
finance.yahoo.com - October 14 at 9:26 AM
americanbankingnews.com logoContrasting Albemarle Corporation (ALB) and Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - October 6 at 8:32 AM
americanbankingnews.com logoComparing Westlake Chemical Partners (WLKP) & The Competition
www.americanbankingnews.com - October 6 at 8:32 AM
finance.yahoo.com logoAt $83.09, Is It Time To Buy Westlake Chemical Corporation (WLK)?
finance.yahoo.com - October 3 at 2:59 PM
finance.yahoo.com logoAt $22.7, Is Westlake Chemical Partners LP (WLKP) A Buy?
finance.yahoo.com - October 3 at 2:59 PM
americanbankingnews.com logoReviewing Westlake Chemical Partners (WLKP) and The Competition
www.americanbankingnews.com - October 1 at 8:24 AM
streetinsider.com logoWestlake Chemical Partners LP (WLKP) Prices 4.5M Common Share Offering at $22/Sh - StreetInsider.com
www.streetinsider.com - September 29 at 8:51 PM
baystreet.ca logoWestlake Chemical Partners Buys Deeper into OpCo Arm - Baystreet.ca
www.baystreet.ca - September 29 at 3:45 PM
americanbankingnews.com logoFinancial Survey: Enzymotec (ENZY) and Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - September 21 at 6:26 AM
americanbankingnews.com logoFinancial Analysis: Westlake Chemical Partners (WLKP) versus Its Peers
www.americanbankingnews.com - September 20 at 12:30 PM
finance.yahoo.com logoWestlake Chemical Partners LP : WLKP-US: Dividend Analysis : August 15th, 2017 (record date) : By the numbers : September 13, 2017
finance.yahoo.com - September 13 at 4:14 PM
americanbankingnews.com logoFinancial Comparison: Air Products and Chemicals (APD) versus Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - September 5 at 10:22 AM
finance.yahoo.com logoWestlake Chemical Up 10% in a Month: What's Driving It?
finance.yahoo.com - September 4 at 3:51 PM
finance.yahoo.com logoWestlake Chemical Up 10% in a Month: What's Driving It?
finance.yahoo.com - September 4 at 7:58 AM
americanbankingnews.com logoReviewing Koppers Holdings (KOP) and Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - September 1 at 10:12 PM
finance.yahoo.com logoWestlake Chemical Raised Its Quarterly Dividend 10%
finance.yahoo.com - September 1 at 3:48 PM
finance.yahoo.com logoAnalysts’ Consensus on Westlake Chemical
finance.yahoo.com - September 1 at 11:17 AM
finance.yahoo.com logoWhat Do Westlake Chemical’s Valuations Suggest?
finance.yahoo.com - September 1 at 11:17 AM
finance.yahoo.com logoAnalyzing Westlake Chemical’s Stock Performance
finance.yahoo.com - September 1 at 11:17 AM
finance.yahoo.com logoWestlake Chemical Scales New 52-Week High on Bright Prospects
finance.yahoo.com - August 25 at 12:45 PM
americanbankingnews.com logoHead to Head Survey: Westlake Chemical Partners (WLKP) & Airgas (ARG)
www.americanbankingnews.com - August 22 at 4:16 PM
americanbankingnews.com logoCritical Comparison: Olin Corporation (OLN) vs. Westlake Chemical Partners (WLKP)
www.americanbankingnews.com - August 22 at 8:30 AM
finance.yahoo.com logoIHS Markit Score downgrades Westlake Chemical Corp to 66 out of 100, ranking positively in two out of three available IHS Markit categories.
finance.yahoo.com - August 12 at 8:49 AM
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : August 11, 2017
finance.yahoo.com - August 12 at 8:49 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Westlake Chemical Corp.
finance.yahoo.com - August 12 at 8:49 AM
thestreet.com logoReminder - Westlake Chemical Partners (WLKP) Goes Ex-Dividend Soon
www.thestreet.com - August 10 at 9:42 AM
finance.yahoo.com logoWestlake Chemical Partners LP :WLKP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017
finance.yahoo.com - August 8 at 8:17 AM
finance.yahoo.com logoWestlake Chemical's Q2 Earnings Top Estimates, Sales Trail
finance.yahoo.com - August 4 at 10:02 AM
finance.yahoo.com logoInvestor Network: Westlake Chemical Partners LP to Host Earnings Call
finance.yahoo.com - August 4 at 10:02 AM
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 3-Aug-17 4:00pm GMT
finance.yahoo.com - August 4 at 10:02 AM
americanbankingnews.com logoWestlake Chemical Partners LP (NYSE:WLKP) Releases Earnings Results, Misses Estimates By $0.05 EPS
www.americanbankingnews.com - August 3 at 5:36 PM
thestreet.com logoWestlake Chemical Partners Named Top Dividend Stock With Insider Buying And 5.81% Yield (WLKP)
www.thestreet.com - August 3 at 8:57 AM
finance.yahoo.com logoWestlake Chemical Partners LP Announces Second Quarter 2017 Earnings
finance.yahoo.com - August 3 at 8:57 AM
finance.yahoo.com logoWestlake tops 2Q profit forecasts
finance.yahoo.com - August 3 at 8:57 AM
finance.yahoo.com logoWestlake Chemical Partners posts 2Q profit
finance.yahoo.com - August 3 at 8:56 AM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) Plans Quarterly Dividend of $0.37
www.americanbankingnews.com - August 2 at 4:53 PM
finance.yahoo.com logoShould You Buy Westlake Chemical (WLK) Ahead of Earnings?
finance.yahoo.com - August 2 at 8:47 AM
finance.yahoo.com logoIs Westlake Chemical (WLK) Poised for a Beat in Q2 Earnings?
finance.yahoo.com - August 2 at 8:47 AM
finance.yahoo.com logoWestlake Chemical Partners LP Announces Second Quarter Distribution and Extension of Revolving Credit Facility
finance.yahoo.com - August 2 at 8:47 AM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) Scheduled to Post Quarterly Earnings on Thursday
www.americanbankingnews.com - July 27 at 8:00 AM
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : July 24, 2017
finance.yahoo.com - July 25 at 8:30 AM
finance.yahoo.com logoWestlake Chemical Partners LP – Value Analysis (NYSE:WLKP) : July 21, 2017
finance.yahoo.com - July 22 at 10:37 AM
finance.yahoo.com logoWestlake Chemical Partners Announce Second Quarter 2017 Conference Call
finance.yahoo.com - July 21 at 8:44 AM
americanbankingnews.com logoWestlake Chemical Partners LP (WLKP) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - July 19 at 9:26 AM
finance.yahoo.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : July 13, 2017
finance.yahoo.com - July 14 at 9:58 AM
finance.yahoo.com logoWestlake Chemical Upped to Strong Buy on Solid Prospects
finance.yahoo.com - July 12 at 9:17 AM

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Chart

Westlake Chemical Partners LP (WLKP) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by MarketBeat.com Staff

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