NYSE:WLKP Westlake Chemical Partners Stock Forecast, Price & 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 $20.83 0.00 (0.00 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$20.67Now: $20.83▼$20.9650-Day Range$19.12MA: $20.22▼$21.1352-Week Range$10.31Now: $20.83▼$26.48Volume37,264 shsAverage Volume70,571 shsMarket Capitalization$733.09 millionP/E Ratio11.32Dividend Yield9.07%Beta1.08 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial 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 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.75, Westlake Chemical Partners has a forecasted upside of 9.2% from its current price of $20.83.Amount of Analyst CoverageWestlake Chemical Partners has only been the subject of 1 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 235 “underperform” votes. (Add your “underperform” vote.)Community SentimentWestlake Chemical Partners has received 50.53% “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 9.07%, 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 96.92% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Westlake Chemical Partners insiders have not sold or bought any company stock.Percentage Held by Institutions42.44% 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 6.56% in the coming year, from $1.83 to $1.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Westlake Chemical Partners is 11.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Westlake Chemical Partners is 11.32, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 38.69.Price to Earnings Growth RatioWestlake Chemical Partners has a PEG Ratio of 3.37. 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 0.77. 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: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.95 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 Ratio0.43 Current Ratio7.91 Quick Ratio7.86Price-To-Earnings Trailing P/E Ratio11.32 Forward P/E Ratio11.38 P/E Growth3.37 Sales & Book Value Annual Sales$1.09 billion Price / Sales0.67 Cash Flow$4.94 per share Price / Cash Flow4.22 Book Value$27.05 per share Price / Book0.77Profitability EPS (Most Recent Fiscal Year)$1.77 Net Income$60.98 million Net Margins6.41% Return on Equity6.83% Return on Assets4.68%Miscellaneous EmployeesN/A Outstanding Shares35,194,000Market Cap$733.09 million Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $20.83 0.00 (0.00 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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 price been impacted by Coronavirus (COVID-19)? Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WLKP shares have increased by 26.5% and is now trading at $20.83. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of 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. When is Westlake Chemical Partners' next earnings date? Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Westlake Chemical Partners. How were Westlake Chemical Partners' earnings last quarter? Westlake Chemical Partners LP (NYSE:WLKP) issued its earnings results on Thursday, August, 6th. The basic materials company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.04. The basic materials company earned $238.50 million during the quarter. Westlake Chemical Partners had a return on equity of 6.83% and a net margin of 6.41%. 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 Friday, July 31st. Shareholders of record on Monday, August 10th will be given a dividend of $0.4714 per share on Monday, August 24th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change 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? 4 brokerages have issued 12-month target prices for Westlake Chemical Partners' stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' stock price to reach $22.75 in the next year. This suggests a possible upside of 9.2% from the stock's current price. View analysts' price targets for Westlake Chemical Partners. 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), Methanex (MEOH), Codexis (CDXS), Amyris (AMRS), FutureFuel (FF), Green Plains (GPRE), REX American Resources (REX), Pacific Ethanol (PEIX), Solarwindow Technologies (WNDW), Green Plains Partners (GPP), Landstar (LDSR), Tantech (TANH), Aemetis (AMTX) and Gevo (GEVO). 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), Verizon Communications (VZ), IBM (IBM), Pfizer (PFE), Westlake Chemical (WLK), Johnson & Johnson (JNJ) and JPMorgan Chase & Co. (JPM). 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 investors include Duff & Phelps Investment Management Co. (1.14%), UBS Group AG (1.14%), Goldman Sachs Group Inc. (1.13%), Tiedemann Advisors LLC (0.76%), Bank of America Corp DE (0.37%) and Rafferty Asset Management LLC (0.24%). 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 institutional investors are selling Westlake Chemical Partners stock? WLKP stock was sold by a variety of institutional investors in the last quarter, including Tiedemann Advisors LLC, UBS Group AG, Goldman Sachs Group Inc., Duff & Phelps Investment Management Co., California Public Employees Retirement System, Blair William & Co. IL, Glenmede Trust Co. NA, and Bank of America Corp DE. View insider buying and selling activity for Westlake Chemical Partners. Which institutional investors are buying Westlake Chemical Partners stock? WLKP stock was acquired by a variety of institutional investors in the last quarter, including Rafferty Asset Management LLC, Sawtooth Solutions LLC, Berman Capital Advisors LLC, Russell Investments Group Ltd., and Bourgeon Capital Management LLC. 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 $20.83. How big of a company is Westlake Chemical Partners? Westlake Chemical Partners has a market capitalization of $733.09 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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