NYSE:WLKPWestlake Chemical Partners Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Westlake Chemical Partners LP Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $21.79 +1.10 (+5.32 %) (As of 06/5/2020 04:00 PM ET) Add Compare Share Today's Range$21.15Now: $21.79▼$22.0050-Day Range$14.50MA: $17.92▼$20.6952-Week Range$10.31Now: $21.79▼$26.48Volume37,082 shsAverage Volume76,522 shsMarket Capitalization$766.79 millionP/E Ratio12.11Dividend Yield9.11%Beta1.1 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.3 Analyst's Opinion Consensus RatingWestlake Chemical Partners has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.33, Westlake Chemical Partners has a potential upside of 7.1% from its current price of $21.79.Amount of Analyst CoverageWestlake Chemical Partners has only been the subject of 2 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesWestlake Chemical Partners has received 240 “outperform” votes. (Add your “outperform” vote.)Underperform VotesWestlake Chemical Partners has received 232 “underperform” votes. (Add your “underperform” vote.)Community SentimentWestlake Chemical Partners has received 50.85% “outperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipWestlake Chemical Partners is a leading dividend payer. It pays a dividend yield of 9.11%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthWestlake Chemical Partners has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Westlake Chemical Partners is 106.78 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 100.53 % in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Westlake Chemical Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $747,041.00 in company stock and sold $0.00 in company stock.Percentage Held by Institutions44.88% of the stock of Westlake Chemical Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Westlake Chemical Partners are expected to grow by 2.73% in the coming year, from $1.83 to $1.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Westlake Chemical Partners is 12.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Westlake Chemical Partners is 12.11, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 20.96.Price to Earnings Growth RatioWestlake Chemical Partners has a PEG Ratio of 4.74. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioWestlake Chemical Partners has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.57 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Industrial organic chemicals Sub-IndustryN/A SectorBasic Materials Current SymbolNYSE:WLKP Previous Symbol CUSIPN/A CIK1604665 Webwww.wlkpartners.com Phone713-585-2900Debt Debt-to-Equity Ratio0.42 Current Ratio7.90 Quick Ratio7.83Price-To-Earnings Trailing P/E Ratio12.11 Forward P/E Ratio11.91 P/E Growth4.74 Sales & Book Value Annual Sales$1.09 billion Price / Sales0.70 Cash Flow$5.03 per share Price / Cash Flow4.33 Book Value$27.05 per share Price / Book0.81Profitability EPS (Most Recent Fiscal Year)$1.77 Net Income$60.98 million Net Margins6.11% Return on Equity6.65% Return on Assets4.56%Miscellaneous EmployeesN/A Outstanding Shares35,190,000Market Cap$766.79 million Next Earnings Date8/4/2020 (Estimated) OptionableOptionable WLKP Rates by TradingView Receive WLKP News and Ratings via Email Sign-up to receive the latest news and ratings for WLKP and its competitors with MarketBeat's FREE daily newsletter. Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions How has Westlake Chemical Partners' stock 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. Since then, WLKP shares have increased by 32.3% and is now trading at $21.79. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Westlake Chemical Partners? 3 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Westlake Chemical Partners. When is Westlake Chemical Partners' next earnings date? Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Westlake Chemical Partners. How were Westlake Chemical Partners' earnings last quarter? Westlake Chemical Partners LP (NYSE:WLKP) released its quarterly earnings results on Monday, May, 4th. The basic materials company reported $0.50 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.51 by $0.01. The basic materials company earned $250.55 million during the quarter. Westlake Chemical Partners had a net margin of 6.11% and a return on equity of 6.65%. View Westlake Chemical Partners' earnings history. 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 Thursday, April 30th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.4714 per share on Tuesday, May 26th. This represents a $1.89 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Friday, May 8th. This is a boost from Westlake Chemical Partners's previous quarterly dividend of $0.46. View Westlake Chemical Partners' dividend history. What price target have analysts set for WLKP? 3 equities research analysts have issued 12-month price targets for Westlake Chemical Partners' stock. Their forecasts range from $19.00 to $29.00. On average, they expect Westlake Chemical Partners' stock price to reach $23.33 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price. View analysts' price targets for Westlake Chemical Partners. Has Westlake Chemical Partners been receiving favorable news coverage? News stories about WLKP stock have trended somewhat positive on Sunday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Westlake Chemical Partners earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutWestlake Chemical Partners. Are investors shorting Westlake Chemical Partners? Westlake Chemical Partners saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 191,000 shares, a decrease of 49.8% from the April 15th total of 380,700 shares. Based on an average daily trading volume, of 94,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.0% of the company's stock are sold short. View Westlake Chemical Partners' Current Options Chain. Who are some of Westlake Chemical Partners' key competitors? Some companies that are related to Westlake Chemical Partners include Braskem (BRKMY), Sensient Technologies (SXT), Methanex (MEOH), Renewable Energy Group (REGI), Amyris (AMRS), Codexis (CDXS), FutureFuel (FF), REX American Resources (REX), Landstar (LDSR), Green Plains (GPRE), Green Plains Partners (GPP), Solarwindow Technologies (WNDW), Pacific Ethanol (PEIX), Wave Sync (WAYS) and Tantech (TANH). View all 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 LP Unit (ET), AbbVie (ABBV), Westlake Chemical (WLK), Exxon Mobil (XOM), B&G Foods (BGS), IBM (IBM), Verizon Communications (VZ) and Wells Fargo & Co (WFC). 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 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) 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 institutional and retail investors. Top institutional shareholders include Invesco Ltd. (18.93%), Janus Henderson Group PLC (5.17%), Clearbridge Investments LLC (1.96%), Morgan Stanley (1.46%), Morgan Stanley (1.46%) and UBS Group AG (1.45%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, George J Mangieri, L Benjamin Ederington, Randy Woelfel and Ttwfgp Llc. 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 Tortoise Capital Advisors L.L.C., Invesco Ltd., UBS Group AG, Janus Henderson Group PLC, Deutsche Bank AG, Russell Investments Group Ltd., NBW Capital LLC, and Raymond James & Associates. View insider buying and selling activity for Westlake Chemical Partners. Which major investors are buying Westlake Chemical Partners stock? WLKP stock was acquired by a variety of institutional investors in the last quarter, including Citigroup Inc., Virtus ETF Advisers LLC, Clearbridge Investments LLC, Acadian Asset Management LLC, Morgan Stanley, Morgan Stanley, Bourgeon Capital Management LLC, and Your Advocates Ltd. LLP. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, L Benjamin Ederington, Randy Woelfel, and Ttwfgp Llc. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Westlake Chemical Partners' stock price today? One share of WLKP stock can currently be purchased for approximately $21.79. How big of a company is Westlake Chemical Partners? Westlake Chemical Partners has a market capitalization of $766.79 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. 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 6/7/2020 by MarketBeat.com Staff
