Westlake Chemical Partners (WLKP) Set to Announce Earnings on Wednesday

Westlake Chemical Partners (NYSE:WLKP) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Westlake Chemical Partners to post earnings of $0.43 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Westlake Chemical Partners (NYSE:WLKP) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Westlake Chemical Partners had a net margin of 4.56% and a return on equity of 6.25%. The firm had revenue of $297.27 million for the quarter, compared to analyst estimates of $316.62 million. During the same period last year, the firm posted $0.48 EPS. 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 Stock Performance

Shares of WLKP opened at $21.88 on Wednesday. Westlake Chemical Partners has a 1 year low of $20.86 and a 1 year high of $23.68. The company has a market cap of $770.83 million, a price-to-earnings ratio of 14.21 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.94 and a current ratio of 4.02. The firm has a fifty day moving average of $22.22 and a 200-day moving average of $22.13.

Insider Activity

In related news, SVP Andrew Kenner acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average cost of $22.12 per share, for a total transaction of $221,200.00. Following the completion of the purchase, the senior vice president now directly owns 136,609 shares in the company, valued at $3,021,791.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders bought 24,230 shares of company stock valued at $537,587. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Westlake Chemical Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 26th.

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.