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

Westlake Chemical Partners (NYSE:WLKP) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 20th. Analysts expect Westlake Chemical Partners to post earnings of $0.47 per share for the quarter.

Shares of Westlake Chemical Partners (NYSE:WLKP) opened at $22.85 on Tuesday. The firm has a market cap of $736.56, a P/E ratio of 14.10, a PEG ratio of 3.37 and a beta of 1.06. Westlake Chemical Partners has a one year low of $21.10 and a one year high of $26.20. The company has a quick ratio of 4.76, a current ratio of 4.84 and a debt-to-equity ratio of 0.48.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be paid a dividend of $0.3864 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Westlake Chemical Partners’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 6.76%. Westlake Chemical Partners’s dividend payout ratio is currently 95.68%.

Several analysts recently commented on the stock. ValuEngine lowered shares of Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Tudor Pickering lowered shares of Westlake Chemical Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Deutsche Bank assumed coverage on shares of Westlake Chemical Partners in a research note on Wednesday, January 3rd. They set a “buy” rating for the company. B. Riley set a $26.00 target price on shares of Westlake Chemical Partners and gave the company a “neutral” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research raised shares of Westlake Chemical Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Westlake Chemical Partners presently has an average rating of “Hold” and a consensus target price of $26.88.

In other news, CEO Albert Chao purchased 2,000 shares of Westlake Chemical Partners stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of $21.49 per share, for a total transaction of $42,980.00. Following the transaction, the chief executive officer now owns 47,000 shares in the company, valued at $1,010,030. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Chao purchased 8,473 shares of Westlake Chemical Partners stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $22.17 per share, with a total value of $187,846.41. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 35,748 shares of company stock valued at $787,823.

TRADEMARK VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/02/13/westlake-chemical-partners-wlkp-set-to-announce-earnings-on-tuesday.html.

Westlake Chemical Partners Company Profile

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.

Earnings History for Westlake Chemical Partners (NYSE:WLKP)

Receive News & Ratings for Westlake Chemical Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply