Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP): Price and Financial Metrics

Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP)

Today's Latest Price: $23.74 USD

0.49 (2.11%)

Updated Jan 26 6:40pm

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 15 in MLPs - Other

See all "A" rated Strong Buy stocks

WLKP Stock Summary

  • Price to trailing twelve month operating cash flow for WLKP is currently 1.83, higher than only 7.64% of US stocks with positive operating cash flow.
  • For WLKP, its debt to operating expenses ratio is greater than that reported by 94.95% of US equities we're observing.
  • The volatility of Westlake Chemical Partners LP's share price is greater than that of merely 7.55% US stocks with at least 200 days of trading history.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Westlake Chemical Partners LP are XIN, SQM, BGS, GAIN, and CCK.
  • WLKP's SEC filings can be seen here. And to visit Westlake Chemical Partners LP's official web site, go to www.wlkpartners.com.

WLKP Stock Price Chart Interactive Chart >

Price chart for WLKP

WLKP Price/Volume Stats

Current price $23.74 52-week high $24.27
Prev. close $23.25 52-week low $10.31
Day low $23.45 Volume 342,700
Day high $24.00 Avg. volume 123,206
50-day MA $21.62 Dividend yield 7.96%
200-day MA $19.81 Market Cap 835.51M

Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP) Company Bio

Westlake Chemical Partners LP produces and sell ethylene, ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. The company was founded in 2014 and is based in Houston, Texas.

WLKP Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$23.74$159.18 571%

We started the process of determining a valid price forecast for Westlake Chemical Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Westlake Chemical Partners LP ranked in the 83th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 573.83% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for WLKP, they are:

  • Westlake Chemical Partners LP's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 7.72% of tickers in our DCF set.
  • As a business, Westlake Chemical Partners LP experienced a tax rate of about 1% over the past twelve months; relative to its sector (Basic Materials), this tax rate is higher than just 19.43% of stocks generating free cash flow.

Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price

NX, USCR, WOR, GMS, and GFI can be thought of as valuation peers to WLKP, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.

WLKP Latest News Stream

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Latest WLKP News From Around the Web

Below are the latest news stories about Westlake Chemical Partners LP that investors may wish to consider to help them evaluate WLKP as an investment opportunity.

Westlake Chemical Partners LP Announces Fourth Quarter 2020 Distribution

The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution by the Partnership of $0.4714 per unit. This is the 26th consecutive quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 19, 2021, to unit holders of record on February 4, 2021.

Yahoo | January 25, 2021

The High-Yielding Standout MLP: Westlake Chemical Partners

Introduction With interest rates near all-time lows, dividend investors have turned to MLPs in search of much-needed yield. MLPs have not been the average investor’s first choice because on average they generally employ high leverage, have complex tax situations, and utilize debt to fund distributions. However, WLKP has differentiated itself...

Kirk Sidwell on Seeking Alpha | January 11, 2021

Another Lost Week, Year For Midstream

The short final week of the year was good for most stocks, but midstream stocks were left out again. The S&P 500, utilities and infrastructure stocks traded up, along with oil and natural gas prices. Midstream stocks underperformed the broad market for a fourth straight week. Midstream's bounce off the...

Hinds Howard on Seeking Alpha | January 4, 2021

WLKP vs. ECL: Which Stock Should Value Investors Buy Now?

WLKP vs. ECL: Which Stock Is the Better Value Option?

Yahoo | December 29, 2020

Top Ranked Income Stocks to Buy for December 22nd

Top Ranked Income Stocks to Buy for December 22nd

Yahoo | December 22, 2020

Read More 'WLKP' Stories Here

WLKP Price Returns

1-mo 7.76%
3-mo 34.19%
6-mo 30.37%
1-year 10.37%
3-year 24.72%
5-year 79.33%
YTD -0.42%
2020 -0.83%
2019 18.54%
2018 3.55%
2017 22.38%
2016 4.09%

WLKP Dividends

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Continue Researching WLKP

Want to see what other sources are saying about Westlake Chemical Partners LP's financials and stock price? Try the links below:

Westlake Chemical Partners LP (WLKP) Stock Price | Nasdaq
Westlake Chemical Partners LP (WLKP) Stock Quote, History and News - Yahoo Finance
Westlake Chemical Partners LP (WLKP) Stock Price and Basic Information | MarketWatch

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