Earnings and Growth Analysis : Westlake Chemical Partners (NYSE:WLKP)

Earnings results for Westlake Chemical Partners (NYSE:WLKP)

Westlake Chemical Partners LP is expected* to report earnings on 02/23/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.52. The reported EPS for the same quarter last year was $0.49.

Analyst Opinion on Westlake Chemical Partners (NYSE:WLKP)

4 Wall Street analysts have issued ratings and price targets for Westlake Chemical Partners in the last 12 months. Their average twelve-month price target is $22.75, predicting that the stock has a possible downside of 4.21%. The high price target for WLKP is $29.00 and the low price target for WLKP is $19.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Westlake Chemical Partners has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $22.75, Westlake Chemical Partners has a forecasted downside of 4.2% from its current price of $23.75. Westlake Chemical Partners has received no research coverage in the past 90 days.

Dividend Strength: Westlake Chemical Partners (NYSE:WLKP)

Westlake Chemical Partners is a leading dividend payer. It pays a dividend yield of 7.96%, putting its dividend yield in the top 25% of dividend-paying stocks. Westlake Chemical Partners has only been increasing its dividend for 1 years. The dividend payout ratio of Westlake Chemical Partners is 106.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 96.92% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.

Insiders buying/selling: Westlake Chemical Partners (NYSE:WLKP)

In the past three months, Westlake Chemical Partners insiders have not sold or bought any company stock. 42.44% of the stock of Westlake Chemical Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Westlake Chemical Partners (NYSE:WLKP

Earnings for Westlake Chemical Partners are expected to grow by 6.56% in the coming year, from $1.83 to $1.95 per share. The P/E ratio of Westlake Chemical Partners is 12.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.33. The P/E ratio of Westlake Chemical Partners is 12.91, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 23.58. Westlake Chemical Partners has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued. Westlake Chemical Partners has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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