Westlake Chemical Partners (WLKP) Stock Price, News & Analysis

Company Overview

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, 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.

Key Stats

• Today's Range: $22.42 to $22.67
• 50-Day Range: $22.06 to $22.96
• 52-Week Range: $21.19 to $23.68
• Volume: 19,612 shs
• Average Volume: 37,357 shs
• Market Capitalization: $794.44 million
• P/E Ratio: 12.89
• Dividend Yield: 8.38%
• Price Target: N/A
• Consensus Rating: Strong Buy

Westlake Chemical Partners Stock Analysis - MarketRank™

Westlake Chemical Partners scored higher than 71% of companies evaluated by MarketBeat, and ranked 100th out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Westlake Chemical Partners.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 9.68%

Earnings Growth

Earnings 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 Market

The P/E ratio of Westlake Chemical Partners is 12.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Westlake Chemical Partners is 12.89, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 101.35.

Price to Book Value per Share Ratio

Westlake Chemical Partners has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.66% of the float of Westlake Chemical Partners has been sold short.

Short Interest Ratio / Days to Cover

Westlake Chemical Partners has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Westlake Chemical Partners has recently increased by 13.89%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Westlake Chemical Partners is a leading dividend payer. It pays a dividend yield of 8.36%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Westlake Chemical Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Westlake Chemical Partners is 108.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 111.18% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.66% of the float of Westlake Chemical Partners has been sold short.

Short Interest Ratio / Days to Cover

Westlake Chemical Partners has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Westlake Chemical Partners has recently increased by 13.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: N/A

News Sentiment

Westlake Chemical Partners has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Westlake Chemical Partners this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for WLKP on MarketBeat in the last 30 days.

MarketBeat Follows

Only 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 Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Westlake Chemical Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $32,540.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.10% of the stock of Westlake Chemical Partners is held by insiders.

Percentage Held by Institutions

78.28% 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.

WLKP Stock Analysis - Frequently Asked Questions

How have WLKP shares performed this year?

Westlake Chemical Partners' stock was trading at $21.65 at the beginning of the year. Since then, WLKP shares have increased by 4.2% and is now trading at $22.55.
View the best growth stocks for 2024 here.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) announced its earnings results on Tuesday, November, 5th. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.15. The basic materials company earned $277 million during the quarter, compared to analyst estimates of $244.16 million. Westlake Chemical Partners had a trailing twelve-month return on equity of 7.31% and a net margin of 5.40%.

Does Westlake Chemical Partners have any subsidiaries?

The following companies are subsidiaries of Westlake Chemical Partners: Hexion - Epoxy Business, Dimex, Nakan, Axiall Corporation, Vinnolit Holdings, CertainTeed Corporation, Axiall Canada Inc., and others.

Who are Westlake Chemical Partners' major shareholders?

Top institutional investors of Westlake Chemical Partners include Pathway Financial Advisers LLC (6.33%), Pathway Financial Advisers LLC (6.33%), Glenmede Trust Co. NA (0.16%) and International Assets Investment Management LLC (0.09%). 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

• Ex-Dividend for 8/27 Dividend: 8/12/2024
• Dividend Payable: 8/27/2024
• Last Earnings: 11/05/2024
• Ex-Dividend for 11/27 Dividend: 11/12/2024
• Today: 11/16/2024
• Dividend Payable: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Industrial organic chemicals
• Sub-Industry: Chemicals
• Current Symbol: NYSE:WLKP
• CUSIP: N/A
• CIK: 1604665
• Web: www.wlkpartners.com
• Phone: (713) 585-2900
• Fax: N/A
• Employees: 150
• Year Founded: 1986

Profitability

• EPS (Most Recent Fiscal Year): $1.75
• Trailing P/E Ratio: 12.89
• Forward P/E Ratio: 14.55
• P/E Growth: N/A
• Net Income: $54.28 million
• Net Margins: 5.40%
• Pretax Margin: 32.34%
• Return on Equity: 7.31%
• Return on Assets: 4.75%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 4.53
• Quick Ratio: 4.46

Sales & Book Value

• Annual Sales: $1.19 billion
• Price / Sales: 0.67
• Cash Flow: $4.69 per share
• Price / Cash Flow: 4.81
• Book Value: $23.78 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 35,230,000
• Free Float: 34,843,000
• Market Cap: $794.44 million
• Optionable: Optionable
• Beta: 1.10