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Westlake Chemical Partners LP (WLKP)

NYSE: WLKP · IEX Real-Time Price · USD
24.23 0.32 (1.34%)
Nov 26, 2021 1:00 PM EST - Market closed
Market Cap867.05M
Revenue (ttm)1.13B
Net Income (ttm)68.06M
Shares Out35.78M
EPS (ttm)1.93
PE Ratio12.53
Forward PE10.07
Dividend$1.88 (7.78%)
Ex-Dividend DateNov 10, 2021
Volume80,059
Open24.64
Previous Close23.91
Day's Range23.66 - 24.23
52-Week Range19.71 - 27.57
Beta1.10
AnalystsBuy
Price Target28.14 (+16.1%)
Earnings DateNov 2, 2021

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.

IndustryChemicals
IPO DateJul 30, 2014
CEOAlbert Chao
CountryUnited States
Stock ExchangeNYSE
Ticker SymbolWLKP
Full Company Profile

Financial Performance

In 2020, WLKP's revenue was $966.67 million, a decrease of -11.47% compared to the previous year's $1.09 billion. Earnings were $66.17 million, an increase of 8.50%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for WLKP stock is "Buy." The 12-month stock price forecast is 28.14, which is an increase of 16.14% from the latest price.

Price Target
$28.14
(16.14% upside)
Analyst Consensus: Buy

News

Westlake Chemical Partners LP Announces Third Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2021 of $12.8 million, or $0.36...

3 weeks ago - Business Wire

Westlake Chemical Partners LP Announces Third Quarter 2021 Distribution

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 distribution b...

3 weeks ago - Business Wire

Westlake Chemical Partners Announce Third Quarter Earnings for 2021 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its third quarter earnings for 2021 prior to the market opening on Tuesday, November 2, 2021. The company will host a confe...

1 month ago - Business Wire

Westlake Chemical Partners Lp Ranked Among Today's Top Buys Amid Growing Delta Variant Concerns

Markets are starting the post-Labor Day week on the wrong foot, as the Dow and the S&P fell into the red. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

Other symbols:WLKFNFLOWLPXTSN
2 months ago - Forbes

Westlake Chemical Partners Lp Among Today's Top Buys As August Trading Comes To A Close

Stocks were little changed today, with the Dow down 21 points, or less than 0.1%, while both the S&P and Nasdaq were flat. Find opportunities in today's market with the Top Buys from Q.ai's deep learnin...

Other symbols:WLKGOLFLOWMTDWWW
2 months ago - Forbes

Gates Industrial Corp Plc Ranked Among Today's Top Buys As Stocks Are Riding High After Fed Chair Jay Powell's Talk O...

The Dow fluctuated between gains and losses, the S&P 500 gained 0.2% to set a new intraday record high, and the Nasdaq rose 0.4%. Make the most of this market with today's Top Buys from Q.ai's artificia...

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2 months ago - Forbes

Altra Industrial Motion Corp Ranked Among Today's Top Buys Amid Concerns Of The Fed Ending The Economic Stimulus

The Dow Jones ticked down 14 points this Friday morning, the S&P 500 was flat, and the Nasdaq rose about 0.2%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

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3 months ago - Forbes

Frontdoor Inc Ranked A Top Buy Today As Investors Await The Latest Federal Reserve Meeting Minutes

The Dow Jones fell 120 points or 0.3%, the S&P 500 dipped about 0.2%, and the Nasdaq stayed nearly flat. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

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3 months ago - Forbes

Builders Firstsource Ranked Among Today's Top Buys

The Dow added 60 points or 0.2%, the S&P 500 gained about 0.1%, and the Nasdaq traded around the flatline. Make the most of this market with today's Top Buys.

Other symbols:BLDRLOWSNDR
3 months ago - Forbes

Autonation Inc Ranked Among Today's Top Buys

The Dow Jones gained about 150 points or 0.45%, the S&P 500 rose 0.2% and also hit an intraday record, and the Nasdaq gained 0.1%. Make the most of this market with today's Top Buys from Q.ai's artifici...

Other symbols:ANFCFSJELDTKR
3 months ago - Forbes

Westlake Chemical Partners LP Announces Second Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported record net income attributable to the Partnership in the second quarter of 2021 of $25.1 million, ...

3 months ago - Business Wire

Westlake Chemical Partners LP Announces Second Quarter 2021 Distribution

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 distribution b...

3 months ago - Business Wire

Westlake Chemical Partners Announce Second Quarter Earnings for 2021 Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its second quarter earnings for 2021 prior to the market opening on Tuesday, August 3, 2021. The company will host a confer...

4 months ago - Business Wire

5 Chemical Stocks Get Mixed Reaction: Which Ones Got An Upgrade Or Downgrade?

The risk-reward balance may be unfavorable for chemical stocks heading into second-quarter earnings season, and one analyst adjusted his chemical stock ratings accordingly on Friday. The Analyst: Bank o...

Other symbols:DOWLYBOLNWLK
4 months ago - Benzinga

New Strong Sell Stocks for May 26th

ALBO, EBMT, GAN, IRTC, and WLKP have been added to the Zacks Rank #5 (Strong Sell) List on May 26, 2021

Other symbols:ALBOEBMTGANIRTC
6 months ago - Zacks Investment Research

Crown Crafts Inc Among Today's Top Buys As The Major Indices Trade In The Green

The Dow Jones rose 200 points, and both the S&P 500 and Nasdaq gained 0.5%. Meanwhile, Q.ai's artificial intelligence systems have assessed each firm to find the best Top Buys.

Other symbols:CRWSFLOSJMTXN
6 months ago - Forbes

Westlake Chemical Partners LP Announces First Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $15.1 million, or $0.43 per limited partner unit, fo...

6 months ago - Business Wire

Westlake Chemical Partners LP Announces First Quarter 2021 Distribution

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 distribution b...

6 months ago - Business Wire

Westlake Chemical Partners Announce First Quarter 2021 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners (NYSE: WLKP) will release its first quarter earnings for 2021 prior to the market opening on Tuesday, May 4, 2021. The company will host a conference...

7 months ago - Business Wire

3 Stocks to Buy With Dividends Yielding More Than 6%

These three companies offer great dividends that are safe with plenty of upside potential.

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7 months ago - The Motley Fool

3 Stocks That Could Represent Bargain Opportunities

If you are looking for bargain opportunities, then you should consider the following stocks since they meet the criteria listed below:

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8 months ago - GuruFocus

Westlake Chemical Partners LP Filed Annual Report

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") announced that it filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 with the Secur...

8 months ago - Business Wire

Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2020 Results

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 partner unit, fo...

9 months ago - Business Wire

Westlake Chemical Partners Announce Fourth Quarter and Full Year Earnings for 2020 Conference Call

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 company w...

9 months ago - Business Wire

Westlake Chemical Partners LP Announces Fourth Quarter 2020 Distribution

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 distribution b...

10 months ago - Business Wire