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Westlake Chemical Partners LP (WLKP)

Stock Price: $23.51 USD -0.67 (-2.77%)
Updated Feb 26, 2021 4:00 PM EST - Market closed
Market Cap 827.42M
Revenue (ttm) 993.82M
Net Income (ttm) 68.51M
Shares Out 35.19M
EPS (ttm) 1.88
PE Ratio 12.51
Forward PE 11.30
Dividend $1.89
Dividend Yield 8.02%
Trading Day February 26
Last Price $23.51
Previous Close $24.18
Change ($) -0.67
Change (%) -2.77%
Day's Open 24.20
Day's Range 23.22 - 24.22
Day's Volume 479,894
52-Week Range 9.39 - 24.30

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Business Wire - 5 days ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $66.2 million, or $1.88 per limited partne...

Business Wire - 2 weeks ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its fourth quarter and full year earnings for 2020 prior to the market opening on Tuesday, February 23, 2021. The...

Business Wire - 1 month ago

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a dist...

Seeking Alpha - 1 month ago

Midstream stocks underperformed the broad market for a fourth straight week. Midstream's bounce off the bottom early in the quarter appears to have left positioning largely settled into year-e...

Other stocks mentioned: AM, DKL, ENB, ET, EVA, GEL, IPPLF, LNG, NGL, PAA, PBA, SRLP, TCP, USAC
Zacks Investment Research - 2 months ago

WLKP vs. ECL: Which Stock Is the Better Value Option?

Other stocks mentioned: ECL
Zacks Investment Research - 2 months ago

Top Ranked Income Stocks to Buy for December 22nd

Other stocks mentioned: NRIM, SRLP, VGR
Zacks Investment Research - 2 months ago

Top Ranked Income Stocks to Buy for December 18th

Other stocks mentioned: IBCP, SSB, VGR
Zacks Investment Research - 2 months ago

Top Ranked Income Stocks to Buy for December 17th

Other stocks mentioned: NLY, SRLP, VOD
Zacks Investment Research - 2 months ago

A stock's price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by a company.

Other stocks mentioned: BSET, DCP, HMC, PLUS, RCKY, SLGN
The Motley Fool - 2 months ago

These three stocks can provide dividend investors with a solid and safe yield and consistent growth. And all three are available at a bargain, for the time being.

Other stocks mentioned: ABBV, SPTN
Zacks Investment Research - 2 months ago

WLKP vs. ECL: Which Stock Is the Better Value Option?

Other stocks mentioned: ECL
Zacks Investment Research - 2 months ago

Small cap value stocks finally came alive in November 2020 with their best month of the year. Is more to come in 2021?

Other stocks mentioned: BSET, BZH, PLUS, TGLS
Zacks Investment Research - 2 months ago

A stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

Other stocks mentioned: BSET, DCP, ODP, PLUS, SLGN, SMP
Seeking Alpha - 3 months ago

Energy stocks (midstream included) continued their recent run of positive stock performance in this short week, helped by ongoing positive vaccine data points. The OPEC meeting next week is ex...

Other stocks mentioned: ALTM, AM, ARLP, BSM, DKL, ENB, ENBL, ETRN, GEL, HESM, IPPLF, KMI, LNG, NGL, OKE, OMP, PAGP, SHLX, SUN, TRP, WMB
Seeking Alpha - 3 months ago

Westlake Chemical Partners stands out on the list for Master Limited Partnerships with their rare combination of attributes. A combination of a high 9% distribution yield, strong coverage, res...

Zacks Investment Research - 3 months ago

WLKP vs. ECL: Which Stock Is the Better Value Option?

Other stocks mentioned: ECL
Zacks Investment Research - 3 months ago

A stock's price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by a company.

Other stocks mentioned: AIR, DCP, ODP, PLUS, SLGN, SMP
Zacks Investment Research - 3 months ago

WLKP vs. ECL: Which Stock Is the Better Value Option?

Other stocks mentioned: ECL
Business Wire - 3 months ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $18.5 million, or $0.53 per limited partne...

Business Wire - 4 months ago

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a dist...

Business Wire - 4 months ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter 2020 earnings prior to the market opening on Tuesday, Nov. 3, 2020. The company will host a con...

Business Wire - 5 months ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) today issued a statement updating the impact of Hurricane Laura, on the Lake Charles, La.-area.

Business Wire - 6 months ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) today issued a statement regarding Hurricane Laura

Business Wire - 6 months ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $14.9 million, or $0.43 per limited partne...

Business Wire - 7 months ago

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a dist...

Business Wire - 7 months ago

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its 2020 second quarter earnings prior to the market opening on Thursday, August 6, 2020. The company will host a...

Zacks Investment Research - 10 months ago

Top Ranked Income Stocks to Buy for April 28th

Other stocks mentioned: FSK, GNL, OLP
Zacks Investment Research - 10 months ago

Top Ranked Income Stocks to Buy for April 23rd

Other stocks mentioned: IIPR, OLP
Zacks Investment Research - 10 months ago

A stock's price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by a company.

Other stocks mentioned: DAR, DISH, HTH, MGP, RCKY, VRS
Zacks Investment Research - 10 months ago

WLKP vs. KWR: Which Stock Is the Better Value Option?

Other stocks mentioned: KWR
Zacks Investment Research - 10 months ago

Top Ranked Income Stocks to Buy for April 22nd

Other stocks mentioned: BGCP, GNL, OLP
GuruFocus - 10 months ago

In order to unearth stocks of strong businesses that are reasonably priced and are capable of generating high returns, I looked for companies with the following characteristics:

Other stocks mentioned: LFVN, PM
Zacks Investment Research - 1 year ago

WLKP vs. ASH: Which Stock Is the Better Value Option?

Other stocks mentioned: ASH
CNBC - 1 year ago

Goldman is advising clients to carefully identify the 2019 laggards most likely to become leaders in the first quarter of 2020.

Other stocks mentioned: CREE, LB, TEX, UA, UAA, YELP
Seeking Alpha - 1 year ago

Westlake's stock is over 40% below its 2018 high due to waning macroeconomic fears.

Other stocks mentioned: WLK
Zacks Investment Research - 1 year ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Zacks Investment Research - 1 year ago

A stock's price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by the company.

Other stocks mentioned: HIBB, ICL, PWR, SCVL, VIPS, VRS
Zacks Investment Research - 1 year ago

As the specialty chemical industry is poised for an upswing, it would be prudent to invest in stocks that have compelling growth prospects.

Other stocks mentioned: AXTA, FSI, ICL
Zacks Investment Research - 1 year ago

WLKP vs. FUL: Which Stock Is the Better Value Option?

Other stocks mentioned: FUL
Zacks Investment Research - 1 year ago

The U.S. chemical industry's upturn is expected to continue on strength across key end-markets and investment on capacity expansion.

Other stocks mentioned: APD, AXTA, CMP
Zacks Investment Research - 1 year ago

Top Ranked Momentum Stocks to Buy for June 21st

Other stocks mentioned: ABC, AMED, TGT
Zacks Investment Research - 1 year ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Zacks Investment Research - 1 year ago

WLKP vs. FUL: Which Stock Is the Better Value Option?

Other stocks mentioned: FUL
Zacks Investment Research - 1 year ago

As the U.S. chemical industry is set to run higher this year, it would be prudent to invest in chemical stocks with compelling growth prospects.

Other stocks mentioned: APD, AXTA, CMP, IOSP
Zacks Investment Research - 1 year ago

A stock with a price-to-sales below 1 is a good bargain, as investors need to pay less than a dollar for a dollar's worth.

Other stocks mentioned: BPOP, HUBG, PWR, RCKY, SCVL, UFPI
Zacks Investment Research - 1 year ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Seeking Alpha - 1 year ago

Westlake Chemical Partners LP (WLKP) CEO Albert Chao on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

WLKP vs. ESI: Which Stock Is the Better Value Option?

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, 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.

Industry
Chemicals
IPO Date
Jul 30, 2014
CEO
Albert Chao
Country
United States
Stock Exchange
NYSE
Ticker Symbol
WLKP
Full Company Profile

Financial Performance

In 2019, WLKP's revenue was $1.09 billion, a decrease of -15.07% compared to the previous year's $1.29 billion. Earnings were $60.98 million, an increase of 23.58%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for WLKP stock is "Buy." The 12-month stock price forecast is 25.00, which is an increase of 6.34% from the latest price.

Price Target
$25.00
(6.34% upside)
Analyst Consensus: Buy