17-May-2024
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Westlake Chemical Partners LP Announces First Quarter 2024 Results
Business Wire (Wed, 1-May 6:30 AM ET)
Westlake Chemical Partners LP Announces First Quarter 2024 Distribution
Business Wire (Tue, 30-Apr 4:16 PM ET)
Westlake Chemical Partners Announce First Quarter 2024 Earnings Conference Call
Business Wire (Wed, 17-Apr 8:00 AM ET)
Westlake Chemical Partners Provides 2023 Tax Information
Business Wire (Thu, 14-Mar 5:00 PM ET)
Westlake Chemical Partners LP Filed Annual Report
Business Wire (Wed, 28-Feb 3:54 PM ET)
Westlake Chemical Partners Provides Update about Tax Information
Business Wire (Tue, 27-Feb 6:45 AM ET)
Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2023 Results
Business Wire (Tue, 20-Feb 6:30 AM ET)
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
Westlake Chemical Partners LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol WLKP.
As of May 17, 2024, WLKP stock price climbed to $22.29 with 14,511 million shares trading.
WLKP has a beta of 0.32, meaning it tends to be less sensitive to market movements. WLKP has a correlation of 0.09 to the broad based SPY ETF.
WLKP has a market cap of $784.49 million. This is considered a Small Cap stock.
Last quarter Westlake Chemical Partners LP Common Units Representing Limited Partner Interests reported $285 million in Revenue and $.42 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.03.
In the last 3 years, WLKP stock traded as high as $29.40 and as low as $18.58.
The top ETF exchange traded funds that WLKP belongs to (by Net Assets): EMLP, DIV, EIPI.
WLKP has underperformed the market in the last year with a price return of +13.1% while the SPY ETF gained +29.1%. WLKP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and +3.0%, respectively, while the SPY returned +6.3% and +3.6%, respectively.
WLKP support price is $21.95 and resistance is $22.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WLKP stock will trade within this expected range on the day.