Westlake Chemical Partners (WLKP) to Release Quarterly Earnings on Tuesday

Westlake Chemical Partners (NYSE:WLKP - Get Free Report) will announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Westlake Chemical Partners (NYSE:WLKP - Get Free Report) last posted its earnings results 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). Westlake Chemical Partners had a net margin of 4.78% and a return on equity of 6.68%. The company had revenue of $284.17 million during the quarter, compared to analysts' expectations of $270.28 million. During the same period in the previous year, the company posted $0.34 EPS. On average, analysts expect Westlake Chemical Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Westlake Chemical Partners Trading Up 0.1 %

NYSE:WLKP traded up $0.02 during mid-day trading on Tuesday, reaching $22.43. The company's stock had a trading volume of 12,789 shares, compared to its average volume of 46,027. The stock has a market cap of $790.16 million, a P/E ratio of 14.56 and a beta of 1.10. The company's fifty day simple moving average is $22.44 and its two-hundred day simple moving average is $22.51. Westlake Chemical Partners has a twelve month low of $21.13 and a twelve month high of $23.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.68 and a quick ratio of 4.59.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Westlake Chemical Partners to a "strong-buy" rating in a report on Monday, August 12th.

Insider Buying and Selling at Westlake Chemical Partners

In other Westlake Chemical Partners news, SVP Andrew Kenner purchased 12,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $22.99 per share, with a total value of $275,880.00. Following the completion of the transaction, the senior vice president now owns 182,308 shares of the company's stock, valued at approximately $4,191,260.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have purchased 16,119 shares of company stock valued at $369,340. Company insiders own 1.10% of the company's stock.

About Westlake Chemical Partners

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.