Westlake Chemical Partners LP logo

WLKP - Westlake Chemical Partners LP Share Price

$20.5 1.3  6.6%

Last Trade - 29/05/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £584.5m
Enterprise Value £1.24bn
Revenue £845.2m
Position in Universe 2502nd / 6364
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Bearish
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Qualifying GuruScreens
Financial Summary
FINANCIAL BRIEF: : For the three months ended 31 March 2020, Westlake Chemical Partners LP revenues decreased 16% to $250.5M. Net income increased 19% to $17.7M. Revenues reflect Revenue Sales of Goods & Service decrease of 16% to $214.8M, Revenue Sales of Goods & Services decrease of 15% to $35.7M. Net income reflects Interest expenseWestlake decrease of 33% to $4M (expense), Selling/General/Admin. Expense decrease of 11% to $6.2M (expense).
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Recent History
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Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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EPS 2019 /  2020
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Profile Summary

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. As of December 31, 2016, OpCo's assets included three ethylene production facilities, which primarily convert ethane into ethylene, and a 200-mile ethylene pipeline. As of December 31, 2016, OpCo owned two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), and one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 630 million pounds.

Directors
Last Annual December 31st, 2019
Last Interim March 31st, 2020
Incorporated March 14, 2014
Public Since July 30, 2014
No. of Shareholders: 3
No. of Employees: 2,169
Sector Basic Materials
Industry Chemicals
Index
Exchange New York Stock Exchange
Shares in Issue 35,194,545
Free Float (0.0%)
Eligible for
ISAs
SIPPs
WLKP Share Price Performance
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Latest News for WLKP
Upcoming Events for WLKP
Tuesday 4th August, 2020 Estimate
Q2 2020 Westlake Chemical Partners LP Earnings Release
Tuesday 3rd November, 2020 Estimate
Q3 2020 Westlake Chemical Partners LP Earnings Release
Frequently Asked Questions for Westlake Chemical Partners LP
What is the Westlake Chemical Partners LP share price?

As of 29/05/20, shares in Westlake Chemical Partners LP are trading at $20.5, giving the company a market capitalisation of £584.5m. This share price information is delayed by 15 minutes.

How has the Westlake Chemical Partners LP share price performed this year?

Shares in Westlake Chemical Partners LP are currently trading at $20.5 and the price has moved by -8.89% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Westlake Chemical Partners LP price has moved by -17.24% over the past year.

What are the analyst and broker recommendations for Westlake Chemical Partners LP?

Of the analysts with advisory recommendations for Westlake Chemical Partners LP, there are there are currently 2 "buy" , 3 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Westlake Chemical Partners LP is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Westlake Chemical Partners LP next release its financial results?

Westlake Chemical Partners LP is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-03-31
What is the Westlake Chemical Partners LP dividend yield?

The Westlake Chemical Partners LP dividend yield is 8.97% based on the trailing twelve month period.

Does Westlake Chemical Partners LP pay a dividend?

Last year, Westlake Chemical Partners LP paid a total dividend of 1.84, and it currently has a trailing dividend yield of 8.97%. Looking ahead, Westlake Chemical Partners LP has not announced an ex-dividend date yet.

When does Westlake Chemical Partners LP next pay dividends?

Westlake Chemical Partners LP has yet to annouce their ex-dividend date. The historic dividend yield on Westlake Chemical Partners LP shares is currently 8.97%.

How do I buy Westlake Chemical Partners LP shares?

To buy shares in Westlake Chemical Partners LP you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Westlake Chemical Partners LP?

Shares in Westlake Chemical Partners LP are currently trading at $20.5, giving the company a market capitalisation of £584.5m.

Where are Westlake Chemical Partners LP shares listed? Where are Westlake Chemical Partners LP shares listed?

Here are the trading details for Westlake Chemical Partners LP:

Country of listing: United States
Exchange: NYQ
Ticker Symbol: WLKP
What kind of share is Westlake Chemical Partners LP?

Based on an overall assessment of its quality, value and momentum, Westlake Chemical Partners LP is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Westlake Chemical Partners LP share price forecast 2020?

Shares in Westlake Chemical Partners LP are currently priced at $20.5. At that level they are trading at 31.02% discount to the analyst consensus target price of 0.00.

Analysts covering Westlake Chemical Partners LP currently have a consensus Earnings Per Share (EPS) forecast of 2.15 for the next financial year.

How can I tell whether the Westlake Chemical Partners LP share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Westlake Chemical Partners LP. Over the past six months, the relative strength of its shares against the market has been -5.05%. At the current price of $20.5, shares in Westlake Chemical Partners LP are trading at -2.22% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Westlake Chemical Partners LP PE Ratio?

The Westlake Chemical Partners LP PE ratio based on its reported earnings over the past 12 months is 11.31. The shares are currently trading at $20.5.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Westlake Chemical Partners LP?

Westlake Chemical Partners LP's management team is headed by:

Albert Chao - PRE
Lawrence Teel - SVP
James Chao - CHM
M. Steven Bender - CFO
L. Benjamin Ederington - VPR
Angela Minas - IND
Randy Woelfel - IND
G. Stephen Finley - IND
Johnathan Zoeller - CAO
Who are the major shareholders of Westlake Chemical Partners LP?

Here are the top five shareholders of Westlake Chemical Partners LP based on the size of their shareholding:

WPT, L.L.C. Corporation
Percentage owned: 40.13% (14.1m shares)
Invesco Advisers, Inc. Investment Advisor
Percentage owned: 18.92% (6.66m shares)
Invesco Oppenheimer SteelPath MLP Select 40 Fd Mutual Fund
Percentage owned: 15.23% (5.36m shares)
Energy Income Partners LLC Investment Advisor/Hedge Fund
Percentage owned: 7.04% (2.48m shares)
Janus Henderson Investors Investment Advisor/Hedge Fund
Percentage owned: 5.17% (1.82m shares)
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