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Westlake Chemical Partners LP (WLKP)

Stock Price: $26.96 USD -0.06 (-0.22%)
Updated Jul 27, 2021 4:00 PM EDT - Market closed
Market Cap 948.96M
Revenue (ttm) 984.33M
Net Income (ttm) 63.57M
Shares Out 35.20M
EPS (ttm) 1.81
PE Ratio 14.93
Forward PE 12.38
Dividend $1.89
Dividend Yield 7.00%
Trading Day July 27
Last Price $26.96
Previous Close $27.02
Change ($) -0.06
Change (%) -0.22%
Day's Open 26.97
Day's Range 26.85 - 27.06
Day's Volume 16,970
52-Week Range 16.76 - 27.50

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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...

1 week ago - Business Wire

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 stocks mentioned: DOW, LYB, OLN, WLK
1 week ago - Benzinga

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

Other stocks mentioned: ALBO, EBMT, GAN, IRTC
2 months ago - Zacks Investment Research

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 stocks mentioned: CRWS, FLO, SJM, TXN
2 months ago - Forbes

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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

Other stocks mentioned: OLP, T
3 months ago - The Motley Fool

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

Other stocks mentioned: RDN, AKO.A, AKO.B
4 months ago - GuruFocus

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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

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-end. High q...

Other stocks mentioned: AM, DKL, ENB, ET, EVA, GEL, IPPLF ...
6 months ago - Seeking Alpha

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

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

Top Ranked Income Stocks to Buy for December 22nd

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7 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for December 18th

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

Top Ranked Income Stocks to Buy for December 17th

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

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
7 months ago - Zacks Investment Research

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
7 months ago - The Motley Fool

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

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

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
7 months ago - Zacks Investment Research

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
7 months ago - Zacks Investment Research

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 expected to ...

Other stocks mentioned: ALTM, AM, ARLP, BSM, DKL, ENB, ENBL ...
7 months ago - Seeking Alpha

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, resilient cas...

8 months ago - Seeking Alpha

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

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

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
8 months ago - Zacks Investment Research

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

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

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 partner unit, fo...

8 months ago - Business Wire

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...

8 months ago - Business Wire

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 conference ca...

9 months ago - Business Wire

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

10 months ago - Business Wire

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

11 months ago - Business Wire

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 partner unit, fo...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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 conferenc...

1 year ago - Business Wire

Top Ranked Income Stocks to Buy for April 28th

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1 year ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for April 23rd

Other stocks mentioned: IIPR, OLP
1 year ago - Zacks Investment Research

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
1 year ago - Zacks Investment Research

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

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

Top Ranked Income Stocks to Buy for April 22nd

Other stocks mentioned: BGCP, GNL, OLP
1 year ago - Zacks Investment Research

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
1 year ago - GuruFocus

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

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

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
1 year ago - CNBC

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

Other stocks mentioned: WLK
2 years ago - Seeking Alpha

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 the latest v...

2 years ago - Zacks Investment Research

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
2 years ago - Zacks Investment Research

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
2 years ago - Zacks Investment Research

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

Other stocks mentioned: FUL
2 years ago - Zacks Investment Research

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
2 years ago - Zacks Investment Research

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 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 Forecasts

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 4.38% from the latest price.

Price Target
$28.14
(4.38% upside)
Analyst Consensus: Buy