Westlake Chemical Partners LP's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 30/70 in the Chemicals industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 25.50.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Westlake Chemical Partners LP's Score
Industry at a Glance
Industry Ranking
30 / 70
Overall Ranking
159 / 4563
Industry
Chemicals
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Buy
Current Rating
25.500
Target Price
+34.42%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Westlake Chemical Partners LP Highlights
StrengthsRisks
Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets. Its business and operations are conducted through OpCo. OpCo's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, as well as an ethylene pipeline, which primarily converts ethane into ethylene and has an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. It owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 3.0 billion pounds. The Company owns one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 106.48%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 106.48%.
Undervalued
The company’s latest PB is 2.52, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 10.38M shares, decreasing 14.64% quarter-over-quarter.
Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets. Its business and operations are conducted through OpCo. OpCo's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, as well as an ethylene pipeline, which primarily converts ethane into ethylene and has an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. It owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 3.0 billion pounds. The Company owns one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds.
Ticker SymbolWLKP
CompanyWestlake Chemical Partners LP
CEOGilson (Jean-Marc)
Websitehttps://wlkpartners.com/
FAQs
What is the current price of Westlake Chemical Partners LP (WLKP)?
The current price of Westlake Chemical Partners LP (WLKP) is 18.685.
What is the symbol of Westlake Chemical Partners LP?
The ticker symbol of Westlake Chemical Partners LP is WLKP.
What is the 52-week high of Westlake Chemical Partners LP?
The 52-week high of Westlake Chemical Partners LP is 25.040.
What is the 52-week low of Westlake Chemical Partners LP?
The 52-week low of Westlake Chemical Partners LP is 17.750.
What is the market capitalization of Westlake Chemical Partners LP?
The market capitalization of Westlake Chemical Partners LP is 658.57M.
What is the net income of Westlake Chemical Partners LP?
The net income of Westlake Chemical Partners LP is 62.39M.
Is Westlake Chemical Partners LP (WLKP) currently rated as Buy, Hold, or Sell?
According to analysts, Westlake Chemical Partners LP (WLKP) has an overall rating of Buy, with a price target of 25.500.
What is the Earnings Per Share (EPS TTM) of Westlake Chemical Partners LP (WLKP)?
The Earnings Per Share (EPS TTM) of Westlake Chemical Partners LP (WLKP) is 1.395.