Home Sectors Basic Materials Love or Hate: Westlake Chemical Partners (NYSE: WLKP)

Love or Hate: Westlake Chemical Partners (NYSE: WLKP)


Westlake Chemical Partners LP Representing Limited Partner Interests is in the chemicals industry and basic materials sector. The company CEO is Albert Chao. Westlake Chemical Partners LP operates, acquires and develops facilities for the processing of natural gas liquids as well as other qualified assets.

Previous Intraday Trading Performance:

The WLKP stock showed a previous change of 1.46% with an open at 24.10 and a close of 24.40. It reached an intraday high of 24.65 and a low of 23.90.

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The stock has a market cap of $786.6m with 32.2m shares outstanding, of which the float is 32.0m shares. Trading volume reached 473,594 shares compared to its average volume of 96,647 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Westlake Chemical Partners LP Representing Limited Partner Interests shares returned 2.52% and in the past 30 trading days it returned 10.19%. Over three months, it changed 8.03%. In one year it has changed 7.62% and within that year its 52-week high was 25.65 and its 52-week low was 21.10. WLKP stock is 15.64% above its 52 Week Low.

Our calculations show a 200 day moving average of 22.42 and a 50 day moving average of 22.63. Currently WLKP stock is trading 8.84% above its 200 day moving average.

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The last annual fiscal EPS for the company was reported at 2.05 that ended on 2017-12-31, which according to the previous close, that is a PE of 11.90. Based on 1 analyst estimates, the consensus EPS for the next quarter is 0.45. The TTM EPS is 1.65, which comes to a TTM PE of 14.79.

The following are the last four quarter reported earnings per share:
03-31-2018:  0.36
12-31-2017:  0.46
09-30-2017:  0.47
06-30-2017:  0.36

The dividend per share is currently 1.59, which is a dividend yield of 6.61%. WLKP stock may not have enough earnings to cover future dividends and still be able to invest in the business, therefore the dividend may be cut in the future.

Base on our calculations, the intrinsic value per share is 108.07, which means it is possibly undervalued and has a margin of safety of 77.42%

Indicators to Watch:

Based on the latest filings, there is 61.90% of institutional ownership. Short-interest is 414,722, which is 1.29% of shares outstanding. The short-interest ratio or days-to-cover ratio is 8.58. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.07

Fundamental Indicators:

Based on last reported financials, the company's return on assets is 3.11%, profit margin is 29.00%, price-to-sales is 0.66 and price-to-book is 3.54.

Company Scores:

All scores are out of six:
 6  :Valuation Score
 3  :Past Performance Score
 4  :Financial Strength Score
 4  :Future Growth Score
 4  :Dividend Score
 4  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.


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