NYSE:WLKP Westlake Chemical Partners (WLKP) Stock Price, News & Analysis $22.50 +0.03 (+0.13%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Westlake Chemical Partners Stock (NYSE:WLKP) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get WLKP alerts:Sign Up Key Stats Today's Range$22.44▼$22.6250-Day Range$22.06▼$23.0552-Week Range$20.91▼$23.68Volume20,622 shsAverage Volume46,972 shsMarket Capitalization$792.63 millionP/E Ratio13.98Dividend Yield8.36%Price TargetN/AConsensus RatingStrong Buy Company OverviewWestlake 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, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.Read More… I've got news for you… (Ad)Today, I’m doing something I thought I’d never do… Especially since I’m not normally a “swing for the fences” type of trader. But I’ve been quietly testing a new type of trade for a while now… And the returns are too good not to share with you. Take a look… I can’t guarantee results or against losses, but if you want to discover how I’ll target the triple return before the end of the weekwatch this FREE briefing with me and expert trader Graham Lindman Westlake Chemical Partners Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks57th Percentile Overall ScoreWLKP MarketRank™: Westlake Chemical Partners scored higher than 57% of companies evaluated by MarketBeat, and ranked 119th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's OpinionN/AAnalyst RatingN/A Consensus RatingThere is not enough analysis data for Westlake Chemical Partners.Read more about Westlake Chemical Partners' stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth9.68% Earnings GrowthEarnings for Westlake Chemical Partners are expected to grow by 9.68% in the coming year, from $1.55 to $1.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Westlake Chemical Partners is 13.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.84.Price to Earnings Ratio vs. SectorThe P/E ratio of Westlake Chemical Partners is 13.98, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 127.21.Price to Book Value per Share RatioWestlake Chemical Partners has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Westlake Chemical Partners' valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted0.57% of the float of Westlake Chemical Partners has been sold short.Short Interest Ratio / Days to CoverWestlake Chemical Partners has a short interest ratio ("days to cover") of 5.Change versus previous monthShort interest in Westlake Chemical Partners has recently increased by 4.42%, indicating that investor sentiment is decreasing. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipWestlake Chemical Partners is a leading dividend payer. It pays a dividend yield of 8.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthWestlake Chemical Partners does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Westlake Chemical Partners is 122.08%. 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 110.59% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.Read more about Westlake Chemical Partners' dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.57% of the float of Westlake Chemical Partners has been sold short.Short Interest Ratio / Days to CoverWestlake Chemical Partners has a short interest ratio ("days to cover") of 5.Change versus previous monthShort interest in Westlake Chemical Partners has recently increased by 4.42%, indicating that investor sentiment is decreasing. News and Social Media0.0 / 5News SentimentN/A MarketBeat FollowsOnly 1 people have added Westlake Chemical Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingAcquiring Shares 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 $369,340.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.10% of the stock of Westlake Chemical Partners is held by insiders.Percentage Held by Institutions78.28% 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.Read more about Westlake Chemical Partners' insider trading history. Receive WLKP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Westlake Chemical Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address WLKP Stock News HeadlinesWestlake Chemical Partners LP - UnitAugust 28, 2024 | money.usnews.comSmart Money Move: Andrew Kenner Grabs $60K Worth Of Westlake Chemical StockAugust 14, 2024 | benzinga.comUnlock 2024's Top Stock! 🌟Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.October 17, 2024 | Darwin (Ad)Eye On Growth: Andrew Kenner Adds $275K Of Westlake Chemical Stock To PortfolioAugust 12, 2024 | benzinga.comWestlake Chemical Partners LP (NYSE:WLKP) Q2 2024 Earnings Call TranscriptAugust 7, 2024 | msn.comQ2 2024 Westlake Chemical Partners LP Earnings Call TranscriptAugust 7, 2024 | gurufocus.comWestlake Chemical Partners LP (WLKP) Q2 2024 Earnings Call TranscriptAugust 6, 2024 | seekingalpha.comWestlake Chemical Partners LP Announces Second Quarter 2024 ResultsAugust 6, 2024 | finance.yahoo.comSee More Headlines WLKP Stock Analysis - Frequently Asked Questions How have WLKP shares performed this year? Westlake Chemical Partners' stock was trading at $21.65 on January 1st, 2024. Since then, WLKP shares have increased by 3.9% and is now trading at $22.50. View the best growth stocks for 2024 here. How were Westlake Chemical Partners' earnings last quarter? Westlake Chemical Partners LP (NYSE:WLKP) issued its quarterly earnings data on Tuesday, August, 6th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.03. The basic materials company earned $284.17 million during the quarter, compared to analysts' expectations of $270.28 million. Westlake Chemical Partners had a trailing twelve-month return on equity of 6.68% and a net margin of 4.78%. Does Westlake Chemical Partners have any subsidiaries? Westlake Chemical Partners subsidiaries include these companies: Hexion - Epoxy Business, Dimex, Nakan, Axiall Corporation, Vinnolit Holdings, CertainTeed Corporation, Axiall Canada Inc., and others. Who are Westlake Chemical Partners' major shareholders? Westlake Chemical Partners' top institutional investors include Exchange Traded Concepts LLC (0.04%), Future Financial Wealth Managment LLC (0.01%) and Concourse Financial Group Securities Inc.. Insiders that own company stock include James Chao and Jean-Marc Gilson. View institutional ownership trends. How do I buy shares of Westlake Chemical Partners? Shares of WLKP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Westlake Chemical Partners own? Based on aggregate information from My MarketBeat watchlists, some other companies that Westlake Chemical Partners investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), Pfizer (PFE), Energy Transfer (ET), Exxon Mobil (XOM) and Enterprise Products Partners (EPD). Company Calendar Last Earnings8/06/2024Ex-Dividend for 8/27 Dividend8/12/2024Dividend Payable8/27/2024Today10/17/2024Next Earnings (Estimated)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Industrial organic chemicals Sub-IndustryChemicals Current SymbolNYSE:WLKP CUSIPN/A CIK1604665 Webwww.wlkpartners.com Phone(713) 585-2900FaxN/AEmployees150Year Founded1986Profitability EPS (Most Recent Fiscal Year)$1.54 Trailing P/E Ratio13.98 Forward P/E Ratio14.52 P/E GrowthN/ANet Income$54.28 million Net Margins4.78% Pretax Margin29.17% Return on Equity6.68% Return on Assets4.33% Debt Debt-to-Equity Ratio0.48 Current Ratio4.68 Quick Ratio4.59 Sales & Book Value Annual Sales$1.19 billion Price / Sales0.67 Cash Flow$4.68 per share Price / Cash Flow4.81 Book Value$24.31 per share Price / Book0.93Miscellaneous Outstanding Shares35,228,000Free Float34,843,000Market Cap$792.63 million OptionableOptionable Beta1.10 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report This page (NYSE:WLKP) was last updated on 10/17/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredRetire off just one stock ticker?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT m...Behind the Markets | SponsoredNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | Sponsored Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again ...Paradigm Press | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…Porter & Company | SponsoredAdd $2T of Potential Magic to Your PortfolioRevolutionizing a whole $2T entertainment and licensing industry might sound like the stuff of fairytales. But...Elf Labs | SponsoredMarket "Famine" ComingMarket Wizard Larry Benedict accurately predicted that all indexes would be negative in 2022... He predicte...Opportunistic Trader | SponsoredMassive trading opportunity begins by October 21 October 21 could spark a mania among “next-generation” AI stocks. That’s the newest prediction from a Wall Str...Brownstone Research | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. Share Westlake Chemical Partners With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.