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.
Industry, Sector and Symbol
Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
Phone713-585-2900
Debt
Current Ratio3.94
Quick Ratio3.87
Price-To-Earnings
Sales & Book Value
Annual Sales$1.17 billion
Price / Sales0.64
Price / Cash Flow4.55
Price / Book0.75
Profitability
Net Income$48.67 million
Net Margins4.21%
Return on Assets3.54%
Miscellaneous
Employees119
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 Thursday, November 1st. Shareholders of record on Friday, November 9th will be paid a dividend of $0.4207 per share on Monday, November 26th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.41. View Westlake Chemical Partners' Dividend History.
How were Westlake Chemical Partners' earnings last quarter?
Westlake Chemical Partners LP (NYSE:WLKP) released its quarterly earnings data on Tuesday, November, 6th. The basic materials company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.03. The basic materials company earned $363.70 million during the quarter, compared to analysts' expectations of $309.70 million. Westlake Chemical Partners had a return on equity of 5.45% and a net margin of 4.21%. The company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. View Westlake Chemical Partners' Earnings History.
When is Westlake Chemical Partners' next earnings date?
What price target have analysts set for WLKP?
4 brokerages have issued 12 month price targets for Westlake Chemical Partners' shares. Their forecasts range from $25.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $26.75 in the next year. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets for Westlake Chemical Partners.
What is the consensus analysts' recommendation for Westlake Chemical Partners?
4 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 2 buy ratings 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?
News articles about WLKP stock have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Westlake Chemical Partners earned a daily sentiment score of -1.2 on InfoTrie's scale. They also assigned news coverage about the basic materials company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days.
Who are some of Westlake Chemical Partners' key competitors?
Some companies that are related to Westlake Chemical Partners include Sensient Technologies (SXT), Renewable Energy Group (REGI), Codexis (CDXS), FutureFuel (FF), Green Plains (GPRE), Green Plains Partners (GPP), REX American Resources (REX), Amyris (AMRS), Sino United Worldwide Consolidated (SUIC), Solarwindow Technologies (WNDW), CTD (CTDH), Tantech (TANH), Pacific Ethanol (PEIX), Wave Sync (WAYS) and Gevo (GEVO).
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, Treasurer & 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)
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 $23.10.
How big of a company is Westlake Chemical Partners?
Westlake Chemical Partners has a market capitalization of $740.71 million and generates $1.17 billion in revenue each year. The basic materials company earns $48.67 million in net income (profit) each year or $1.72 on an earnings per share basis. Westlake Chemical Partners employs 119 workers across the globe.
What is Westlake Chemical Partners' official website?
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)
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.
