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
Stock Exchange NYSE
Industry Industrial organic chemicals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNYSE:WLKP
Previous Symbol
CUSIPN/A
Phone713-585-2900
Debt
Debt-to-Equity Ratio0.50
Current Ratio3.94
Quick Ratio3.87
Price-To-Earnings
Trailing P/E Ratio13.35
Forward P/E Ratio14.20
P/E Growth5.1
Sales & Book Value
Annual Sales$1.17 billion
Price / Sales0.63
Cash Flow$5.0439 per share
Price / Cash4.56
Book Value$30.98 per share
Price / Book0.74
Profitability
EPS (Most Recent Fiscal Year)$1.72
Net Income$48.67 million
Net Margins4.21%
Return on Equity5.45%
Return on Assets3.54%
Miscellaneous
Employees119
Outstanding Shares32,250,000
Market Cap$741.68 million
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 announced a quarterly dividend on Thursday, November 1st. Investors 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 annualized dividend and a yield of 7.26%. The ex-dividend date of this dividend is Thursday, November 8th. This is an increase 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 results on Tuesday, November, 6th. The basic materials company reported $0.38 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.03. The basic materials company had revenue of $363.70 million for the quarter, compared to analysts' expectations of $309.70 million. Westlake Chemical Partners had a net margin of 4.21% and a return on equity of 5.45%. The company's quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. View Westlake Chemical Partners' Earnings History.
When is Westlake Chemical Partners' next earnings date?
What price target have analysts set for WLKP?
7 analysts have issued 1-year price objectives for Westlake Chemical Partners' stock. Their predictions range from $25.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $26.60 in the next year. This suggests a possible upside of 14.8% from the stock's current price. View Analyst Price Targets for Westlake Chemical Partners.
What is the consensus analysts' recommendation for Westlake Chemical Partners?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Westlake Chemical Partners.
Has Westlake Chemical Partners been receiving favorable news coverage?
Media headlines about WLKP stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research firm 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 nearest to five being the most favorable. Westlake Chemical Partners earned a coverage optimism score of 3.0 on InfoTrie's scale. They also gave news coverage 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 next few 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), REX American Resources (REX), Green Plains Partners (GPP), Sino United Worldwide Consolidated (SUIC), Amyris (AMRS), CTD (CTDH), Pacific Ethanol (PEIX), Tantech (TANH), Wave Sync (WAYS), Gevo (GEVO) and Aemetis (AMTX).
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 68)
- Mr. Steven Mark Bender CPA, Sr. VP, CFO, Treasurer & Director of Westlake Chemical Partners GP LLC (Age 61)
- Mr. George J. Mangieri, VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC (Age 67)
- Mr. L. Benjamin Ederington, VP, Gen. Counsel, Sec. & Director of Westlake Chemical Partners GP LLC (Age 47)
- Mr. Lawrence E. Teel, Exec. VP, Olefins of Westlake Chemical Partners GP LLC (Age 59)
Who are Westlake Chemical Partners' major shareholders?
Westlake Chemical Partners' stock is owned by many different of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (5.06%), Duff & Phelps Investment Management Co. (2.09%), Wells Fargo & Company MN (0.73%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.58%), Renaissance Technologies LLC (0.41%) and Acadian Asset Management LLC (0.34%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel and Mark Steven Bender. View Institutional Ownership Trends for Westlake Chemical Partners.
Which institutional investors are selling Westlake Chemical Partners stock?
Which institutional investors are buying Westlake Chemical Partners stock?
WLKP stock was purchased by a variety of institutional investors in the last quarter, including MetLife Investment Advisors LLC, Janus Henderson Group PLC, Acadian Asset Management LLC, Duff & Phelps Investment Management Co., Janney Montgomery Scott LLC, Stratos Wealth Partners LTD., Blair William & Co. IL and GSA Capital Partners LLP. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, Angela A Minas, David Lumpkins, James Chao, Lawrence E Teel and Mark Steven Bender. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Westlake Chemical Partners' stock price today?
One share of WLKP stock can currently be purchased for approximately $23.18.
How big of a company is Westlake Chemical Partners?
Westlake Chemical Partners has a market capitalization of $741.68 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.
