S&P 500   3,841.47
DOW   30,996.98
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:WLKP

Westlake Chemical Partners Stock Forecast, Price & News

$21.83
+0.06 (+0.28 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$21.70
Now: $21.83
$21.96
50-Day Range
$20.92
MA: $22.07
$23.84
52-Week Range
$10.31
Now: $21.83
$24.45
Volume42,851 shs
Average Volume72,675 shs
Market Capitalization$768.29 million
P/E Ratio11.86
Dividend Yield8.68%
Beta1.06
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.
Westlake Chemical Partners logo

MarketRank

Overall MarketRank

2.08 out of 5 stars

Basic Materials Sector

32nd out of 813 stocks

Industrial Organic Chemicals Industry

4th out of 38 stocks

Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Industrial organic chemicals
Sub-IndustryN/A
CUSIPN/A
Phone713-585-2900
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.09 billion
Cash Flow$5.48 per share
Book Value$27.05 per share

Profitability

Net Income$60.98 million

Miscellaneous

Market Cap$768.29 million
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$21.83
+0.06 (+0.28 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

How has Westlake Chemical Partners' stock price been impacted by COVID-19?

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WLKP stock has increased by 32.5% and is now trading at $21.83.
View which stocks have been most impacted by COVID-19
.

Is Westlake Chemical Partners a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Westlake Chemical Partners stock.
View analyst ratings for Westlake Chemical Partners
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Westlake Chemical Partners?

Wall Street analysts have given Westlake Chemical Partners a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Westlake Chemical Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Westlake Chemical Partners' CEO?

6,978 employees have rated Westlake Chemical Partners CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Westlake Chemical Partners' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Westlake Chemical Partners
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) posted its earnings results on Tuesday, November, 3rd. The basic materials company reported $0.53 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.09. The basic materials company earned $231.97 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, October 30th. Investors of record on Monday, November 9th will be given a dividend of $0.4714 per share on Tuesday, November 24th. This represents a $1.89 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.46.
View Westlake Chemical Partners' dividend history
.

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.68%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Westlake Chemical Partners is 106.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based 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.
View Westlake Chemical Partners' dividend history.

What price target have analysts set for WLKP?

4 analysts have issued 12-month price objectives for Westlake Chemical Partners' stock. Their forecasts range from $19.00 to $29.00. On average, they anticipate Westlake Chemical Partners' share price to reach $22.75 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for Westlake Chemical Partners
or view Wall Street analyst' top-rated stocks.

Who are some of Westlake Chemical Partners' key 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 (ET), AbbVie (ABBV), International Business Machines (IBM), Verizon Communications (VZ), Westlake Chemical (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

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 71)
  • Mr. Steven Mark Bender CPA, Sr. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 64)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 45)
  • Mr. L. Benjamin Ederington, VP, Gen. Counsel, Sec. & Director of Westlake Chemical Partners GP LLC (Age 50)
  • Mr. Lawrence E. Teel, Sr. VP of Olefins - Westlake Chemical Partners GP LLC (Age 62)
  • Mr. Jeff Holy, VP & Treasurer of Westlake Chemical Partners GP LLC

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 number of retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (0.00%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, George J Mangieri, L Benjamin Ederington, Randy Woelfel and Ttwfgp Llc.
View institutional ownership trends 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 International Assets Investment Management LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, L Benjamin Ederington, Randy Woelfel, and Ttwfgp Llc.
View insider buying and selling activity for Westlake Chemical Partners
or or view top insider-buying stocks.

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 WeBull, 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 $21.83.

How big of a company is Westlake Chemical Partners?

Westlake Chemical Partners has a market capitalization of $768.29 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 1/23/2021 by MarketBeat.com Staff

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