Westlake Chemical Partners (WLKP) Set to Announce Earnings on Wednesday

Westlake Chemical Partners (NYSE:WLKP) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Westlake Chemical Partners (NYSE:WLKP) last 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 firm had revenue of $297.27 million during the quarter, compared to the consensus estimate of $316.62 million. Westlake Chemical Partners had a return on equity of 6.25% and a net margin of 4.56%. During the same period last year, the business earned $0.48 earnings per share. On average, analysts expect Westlake Chemical Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Westlake Chemical Partners Stock Up 0.1 %

Shares of WLKP stock opened at $21.88 on Wednesday. The stock has a market cap of $770.83 million, a P/E ratio of 14.21 and a beta of 1.08. Westlake Chemical Partners has a one year low of $20.86 and a one year high of $23.68. The stock has a fifty day moving average price of $22.22 and a 200 day moving average price of $22.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.02 and a quick ratio of 3.94.

Insider Buying and Selling at Westlake Chemical Partners

In related news, SVP Andrew Kenner acquired 5,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $22.30 per share, with a total value of $111,500.00. Following the completion of the acquisition, the senior vice president now owns 141,609 shares in the company, valued at $3,157,880.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders purchased 24,230 shares of company stock valued at $537,587. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Westlake Chemical Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 26th.

About Westlake Chemical Partners

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, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.