Westlake Chemical Partners LP [NYSE: WLKP] jumped around 0.34 points on Wednesday, while shares priced at $19.06 at the close of the session, up 1.82%.
Westlake Chemical Partners LP stock is now -18.44% down from its year-to-date (YTD) trading value. WLKP Stock saw the intraday high of $19.255 and lowest of $18.63 per share. The company’s 52-week high price is 25.04, which means current price is +7.38% above from all time high which was touched on 02/24/25.
Compared to the average trading volume of 68.59K shares, WLKP reached a trading volume of 149160 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Westlake Chemical Partners LP [WLKP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WLKP shares is $25.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WLKP stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Westlake Chemical Partners LP shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, UBS raised their target price from $23 to $25. The new note on the price target was released on March 18, 2021, representing the official price target for Westlake Chemical Partners LP stock. On October 09, 2019, analysts decreased their price target for WLKP shares from 26 to 23.
The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 1.08. Price to Free Cash Flow for WLKP in the course of the last twelve months was 3.21 with Quick ratio for the last quarter at 2.32.
How has WLKP stock performed recently?
Westlake Chemical Partners LP [WLKP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.42. With this latest performance, WLKP shares dropped by -1.29% in over the last four-week period, additionally sinking by -13.56% over the last 6 months – not to mention a drop of -17.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WLKP stock in for the last two-week period is set at 52.67, with the RSI for the last a single of trading hit 0.51, and the three-weeks RSI is set at 0.48 for Westlake Chemical Partners LP [WLKP]. The present Moving Average for the last 50 days of trading for this stock 19.74, while it was recorded at 18.46 for the last single week of trading, and 21.93 for the last 200 days.
Westlake Chemical Partners LP [WLKP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Westlake Chemical Partners LP [WLKP] shares currently have an operating margin of 28.39% and a Gross Margin at 30.84%. Westlake Chemical Partners LP’s Net Margin is presently recorded at 4.34%.
Westlake Chemical Partners LP (WLKP) Capital Structure & Debt Analysis
According to recent financial data for Westlake Chemical Partners LP. ( WLKP), the Return on Equity (ROE) stands at 9.61%, suggesting modest shareholder returns. The Return on Assets (ROA) is 3.83%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Westlake Chemical Partners LP’s Return on Invested Capital (ROIC) is 5.44%, showcasing its effectiveness in deploying capital for earnings.
Westlake Chemical Partners LP (WLKP) Efficiency & Liquidity Metrics
Based on Westlake Chemical Partners LP’s (WLKP) latest financial statements, the Debt-to-Equity Ratio is 0.79%, indicating its reliance on debt financing relative to shareholder equity.
Westlake Chemical Partners LP (WLKP) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Westlake Chemical Partners LP. (WLKP) effectively leverages its workforce, generating an average of $321307.19 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.37% and a Quick Ratio of 2.32%, indicating strong ability to cover short-term liabilities.
Earnings analysis for Westlake Chemical Partners LP [WLKP]
With the latest financial reports released by the company, Westlake Chemical Partners LP posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WLKP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Westlake Chemical Partners LP go to 1.97%.
Insider trade positions for Westlake Chemical Partners LP [WLKP]
There are presently around $28.71%, or 52.04%% of WLKP stock, in the hands of institutional investors. The top three institutional holders of WLKP stocks are: INVESCO LTD. with ownership of 5.28 million shares, which is approximately 14.9832%. ENERGY INCOME PARTNERS, LLC, holding 1.85 million shares of the stock with an approximate value of $$41.79 million in WLKP stocks shares; and ENERGY INCOME PARTNERS, LLC, currently with $$12.02 million in WLKP stock with ownership which is approximately 1.5115%.
