Westlake Chemical Partners LP (WLKP)

Market Cap	765.51M
Revenue (ttm)	1.19B
Net Income (ttm)	54.28M
Shares Out	35.23M
EPS (ttm)	1.54
PE Ratio	14.16
Forward PE	13.29
Dividend	$1.89 (8.65%)
Ex-Dividend Date	Feb 1, 2024

Volume	16,671
Open	21.70
Previous Close	21.74
Day's Range	21.70 - 21.97
52-Week Range	20.86 - 23.68
Beta	1.07
Analysts	Strong Buy
Price Target	27.00 (+23.85%)
Earnings Date	May 1, 2024

About WLKP

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, ...

• Industry: Chemicals
• Sector: Materials
• IPO Date: Jul 30, 2014
• Employees: 2,169
• Stock Exchange: NYSE
• Ticker Symbol: WLKP

Financial Performance

In 2023, WLKP's revenue was $1.19 billion, a decrease of -25.26% compared to the previous year's $1.59 billion. Earnings were $54.28 million, a decrease of -15.41%.

Analyst Forecast

According to one analyst, the rating for WLKP stock is "Strong Buy" and the 12-month stock price forecast is $27.0.

Price Target

$27.0

(23.85% upside)

Analyst Consensus: Strong Buy