Westlake Chemical Partners (WLKP) Scheduled to Post Earnings on Tuesday

Westlake Chemical Partners (NYSE:WLKP) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Westlake Chemical Partners to post earnings of $0.36 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Westlake Chemical Partners (NYSE:WLKP) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $284.17 million during the quarter, compared to the consensus estimate of $270.28 million. Westlake Chemical Partners had a return on equity of 6.68% and a net margin of 4.78%. During the same period last year, the business earned $0.34 earnings per share. On average, analysts expect Westlake Chemical Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Westlake Chemical Partners Trading Down 0.2 %

Shares of Westlake Chemical Partners stock opened at $22.41 on Tuesday. Westlake Chemical Partners has a 52-week low of $21.13 and a 52-week high of $23.68. The firm has a market capitalization of $789.46 million, a PE ratio of 14.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.68 and a quick ratio of 4.59. The company’s fifty day moving average price is $22.45 and its two-hundred day moving average price is $22.51.

Analyst Ratings Changes

Separately, Barclays raised shares of Westlake Chemical Partners to a “strong-buy” rating in a research report on Monday, August 12th.

Insider Buying and Selling

In related news, SVP Andrew Kenner acquired 12,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $22.99 per share, for a total transaction of $275,880.00. Following the completion of the purchase, the senior vice president now directly owns 182,308 shares of the company’s stock, valued at $4,191,260.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 16,119 shares of company stock worth $369,340 in the last 90 days. 1.10% of the stock is owned by company insiders.

About Westlake Chemical Partners

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company’s ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.