Westlake Chemical Partners (NYSE:WLKP) received a $27.00 price target from stock analysts at Citigroup in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective points to a potential upside of 17.65% from the stock’s previous close.
Shares of NYSE:WLKP opened at $22.95 on Thursday. The company has a current ratio of 3.94, a quick ratio of 4.97 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $760.15 million, a PE ratio of 13.34, a PEG ratio of 3.50 and a beta of 1.05. Westlake Chemical Partners has a 1 year low of $21.10 and a 1 year high of $27.75.
Westlake Chemical Partners (NYSE:WLKP) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.03). The firm had revenue of $363.70 million during the quarter, compared to analyst estimates of $309.70 million. Westlake Chemical Partners had a return on equity of 5.45% and a net margin of 4.21%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. Research analysts anticipate that Westlake Chemical Partners will post 1.6 EPS for the current fiscal year.
About Westlake Chemical Partners
Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and related assets in the United States. The company operates ethylene production facilities, which primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis.
Further Reading: What are the Benefits of Index Funds?
Receive News & Ratings for Westlake Chemical Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Partners and related companies with MarketBeat.com's FREE daily email newsletter.