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): $26.71

0.01 (+0.04%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: MLPs - Other


Ranked

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WLKP Stock Summary

  • Price to trailing twelve month operating cash flow for WLKP is currently 2.52, higher than only 8.89% of US stocks with positive operating cash flow.
  • Of note is the ratio of Westlake Chemical Partners LP's sales and general administrative expense to its total operating expenses; 87.36% of US stocks have a lower such ratio.
  • The ratio of debt to operating expenses for Westlake Chemical Partners LP is higher than it is for about 94.98% of US stocks.
  • If you're looking for stocks that are quantitatively similar to Westlake Chemical Partners LP, a group of peers worth examining would be RAND, GAIN, XIN, WPP, and COOP.
  • Visit WLKP's SEC page to see the company's official filings. To visit the company's web site, go to www.wlkpartners.com.

WLKP Stock Price Chart Interactive Chart >

Price chart for WLKP

WLKP Price/Volume Stats

Current price $26.71 52-week high $27.16
Prev. close $26.70 52-week low $14.85
Day low $26.60 Volume 36,444
Day high $26.95 Avg. volume 122,900
50-day MA $24.40 Dividend yield 7.08%
200-day MA $21.47 Market Cap 940.17M

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:
$26.71$94.34 253%

Below please find a table outlining a discounted cash flow forecast for WLKP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Westlake Chemical Partners LP ranked in the 78th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 255% 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 only 7.06% of tickers in our DCF set.
  • Westlake Chemical Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 6.54. This coverage rate is greater than that of 65.24% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • 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 only 20.56% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%246%
1%250%
2%253%
3%257%
4%260%
5%264%

NX, NEM, APOG, GMS, and KRA 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.

Will Westlake (WLK) Beat Estimates Again in Its Next Earnings Report?

Westlake (WLK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Yahoo | April 8, 2021

3 Stocks to Buy With Dividends Yielding More Than 6%

It doesn't make much sense to purchase a stock for a high dividend only to watch that dividend be cut, or even worse, see its stock price plummet and have the dividend cut. One Liberty Properties (NYSE: OLP), Westlake Chemical Partners (NYSE: WLKP), and AT&T (NYSE: T) all provide dividends with yields of at least 6%, yet are in solid positions with potential for growth this year. In the case of these companies, the yield is so high is because their stock price has dropped.

Yahoo | April 8, 2021

Why Is Westlake (WLK) Down 2.1% Since Last Earnings Report?

Westlake (WLK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Yahoo | March 25, 2021

Top Ranked Growth Stocks to Buy for March 25th

Top Ranked Growth Stocks to Buy for March 25th

Yahoo | March 25, 2021

Betting on March Madness Brackets With Top-Ranked Stocks

Since the tournament has reached Sweet Sixteen, let's start filling the brackets from this level and then compare those like we do for March Madness to get to the real winner.

Yahoo | March 25, 2021

Read More 'WLKP' Stories Here

WLKP Price Returns

1-mo 9.47%
3-mo 25.40%
6-mo 46.30%
1-year 90.81%
3-year 46.14%
5-year 103.71%
YTD 14.25%
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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