Westlake Chemical Partners (WLKP) Stock Price, News & Analysis

0 analysts have issued 12 month price objectives for Westlake Chemical Partners' shares. Their WLKP share price targets range from $26.00 to $27.00. On average, they expect the company's stock price to reach $26.50 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for WLKP or view top-rated stocks among Wall Street analysts.

Westlake Chemical Partners' stock was trading at $21.65 at the beginning of 2024. Since then, WLKP stock has increased by 0.4% and is now trading at $21.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our WLKP earnings forecast.

Westlake Chemical Partners will be holding an earnings conference call on Wednesday, May 1st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Westlake Chemical Partners LP (NYSE:WLKP) issued its earnings results on Tuesday, February, 20th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by $0.04. The basic materials company earned $297.27 million during the quarter, compared to analysts' expectations of $316.62 million. Westlake Chemical Partners had a net margin of 4.56% and a trailing twelve-month return on equity of 6.25%. During the same quarter in the previous year, the company posted $0.48 earnings per share.

Westlake Chemical Partners announced a quarterly dividend on Monday, January 22nd. Shareholders of record on Friday, February 2nd will be given a dividend of $0.4714 per share on Tuesday, February 20th. This represents a $1.89 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend is Thursday, February 1st.
Read our dividend analysis for WLKP.

Westlake Chemical Partners (NYSE:WLKP) pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.67%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 122.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WLKP will have a dividend payout ratio of 98.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WLKP.

ETFs with the largest weight of Westlake Chemical Partners (NYSE:WLKP) stock in their portfolio include Global SuperDividend US ETF (DIV).First Trust North American Energy Infrastructure Fund (EMLP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), International Business Machines (IBM), Verizon Communications (VZ), Westlake (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

Westlake Chemical Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include Future Financial Wealth Managment LLC (0.01%). Insiders that own company stock include Andrew Kenner and James Chao.
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Shares of WLKP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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