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How to Buy Westlake Chemical Partners Stock

Westlake Chemical Partners LP

Westlake Chemical Partners is a chemical company located in Texas, United States, which is part of the Basic Materials sector, and is traded under the ticker WLKP on the NYSE exchange.

Westlake Chemical Partners stock last closed at $22.37, down 1.06% from the previous day, and has decreased 4.32% in one year. It has underperformed other stocks in the Chemicals industry by 0.02 percentage points. Westlake Chemical Partners stock is currently +20.4% from its 52-week low of $18.58, and -6.01% from its 52-week high of $23.80.

As of Feb 23, 2024, there are 35.23M shares of WLKP outstanding. The market capitalization of WLKP is $788.05M. In the past 24 hours, 16,923 WLKP shares were traded.

How to Buy Westlake Chemical Partners Stock

Wondering how to invest in Westlake Chemical Partners stock? Here's how.
  1. Choose where to buy Westlake Chemical Partners stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Westlake Chemical Partners stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Choose your method of payment and add your information.
  4. Evaluate Westlake Chemical Partners stock: The Westlake Chemical Partners ticker symbol is WLKP. Is Westlake Chemical Partners stock a good investment? Should you buy shares of WLKP? How do WLKP's underlying business fundamentals look? Do top analysts think Westlake Chemical Partners is a good buy? Why has WLKP's stock price moved recently? (Hint: Our stock analysis website can help you decide if WLKP is a good stock to buy).
  5. Execute your WLKP buy order: Decide if you will purchase WLKP shares at the current market price or use a limit order to purchase WLKP shares at a specific price.
  6. Keep tabs on your investment in WLKP: Create a watchlist to important updates regarding your position in Westlake Chemical Partners stock.

Step 1: Choose where to buy Westlake Chemical Partners stock

You need a brokerage account to access the NYSE market and buy WLKP stock.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the right brokerage, you need to fill out some personal information so you are able to invest in WLKP stock today.

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  2. Enter your personal info to start a new brokerage account.
  1. Submit your details by clicking the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you've finished signing up on the best stock buying app, you can securely and quickly fund your account:

Watch the walkthrough below to see the process of transferring funds into your new investment account.

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Step 4: Evaluate Westlake Chemical Partners stock

Once you have decided on the best place to buy Westlake Chemical Partners stock, it's crucial to research their stock prior to investing, so you actually understand the risk and upside.

Overview of key WLKP info

WLKP Price
$22.37
1w %
0.27%
1y %
-4.32%
5y %
-2.61%
P/E
13.98x
P/B
2.79x
P/S
0.63x
PEG
0.42x
Revenue
$1.26B
Earnings
$56.77M
Fore. Rev. Growth
2.24%
Fore. Earn. Growth
40.63%
Market Cap
$788.05M
Next Earnings
N/A
Next Dividend
N/A

Westlake Chemical Partners Fundamentals

WallStreetZen was created to help part-time investors do better fundamental analysis.

You can view all of the due diligence checks on WLKP's stock page.

Is WLKP stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge WLKP's fair value.

Using relative valuations ratios:

  • WLKP could be undervalued based on its P/E ratio of 13.98x, relative to Chemicals industry P/E ratio of 39.76x
  • WLKP may be overvalued based on its P/B ratio of 2.79x, relative to Chemicals industry P/B ratio of 1.87x
  • WLKP could be undervalued based on its PEG ratio of 0.42x

You can access additional valuation analysis on WLKP's stock here.

A look at WLKP Cashflows and Balance Sheet

Positive Financial Indicators:

  • Total WLKP debt is lower than 5 years ago, relative to shareholder equity.
  • WLKP's operating cash flow of $466.90M allows it to safely service it's debt of $399.67M.
  • There are more short-term assets than short-term liabilities on the WLKP balance sheet.

Negative Financial Indicators:

  • WLKP has a relatively high debt to equity ratio of 1.7.
  • WLKP profit margin has gone down from 4.9% to 4.5% in the past year.
  • WLKP earnings of $82.14M is not sufficient to cover its interest payments.
  • There are more long-term liabilities than short-term assets on the WLKP balance sheet.

You can dive deeper into what analysts are projecting on the Westlake Chemical Partners stock forecast page.

WLKP Trading Indicators

SMA10
22.13
SMA20
22.45
SMA50
22.39
SMA100
22.05
SMA200
22.08
MACD
-0.1
MACD Signal
-0.1
MACD Histogram
0
RSI
50.1
Stochastic %K
38.64
Stochastic %D
26.22
StochRSI %K
62.54
StochRSI %D
41.67

How are WLKP Revenues/Earnings doing?

Last year, WLKP earnings were $56.77M. During the past five year, WLKP's earnings have grown by -0.37% per year. This was faster than the Chemicals industry average of -16.83%.

Last year, WLKP revenue was $1.26B. During the past 5 year, WLKP's revenue has gone up by 0.03% per year. This was slower than the Chemicals industry average of 1.16%.

You can analyze WLKP's earnings and revenue performance here.

What are WLKP insiders up to?

Over the past year, executives and large shareholders at WLKP have bought more shares than they have sold.

Andrew Kenner, SVP Olefin Material Corp Pr of WLKP, was the latest WLKP insider to buy. They bought $107,400.00 worth of WLKP stock on Nov 9, 2023.

Research more about who owns WLKP stock here.

Can I get consistent income from WLKP stock?

Westlake Chemical Partners pays a dividend of 8.43%, compared to the Chemicals industry's average dividend yield of 3.41%. If you owned $1,000 worth of WLKP stock, you would have received $84.29 in the past year.

Westlake Chemical Partners dividend payments have consistently grown over the past decade and have remained stable.

Get more info about Westlake Chemical Partners dividend yield and history here.

What others are saying about WLKP

One of the reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Execute your WLKP buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given price limit, use a limit order.

Hit the Open button and your broker will execute your order.

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Step 6: Keep tabs on your investment in WLKP

Now that you own some WLKP stock, you'll want to stay up-to-date on your shares.

Put WLKP on a watchlist to keep tabs on your WLKP stock.

WLKP Feed

How to Buy Stock in Westlake Chemical Partners

To reiterate, here are the 6 steps for buying Westlake Chemical Partners stock:

  1. Choose where to buy Westlake Chemical Partners stock
  2. Open a brokerage account
  3. Deposit money your brokerage account
  4. Evaluate Westlake Chemical Partners stock
  5. Execute your WLKP buy order
  6. Keep tabs on your investment in WLKP

If you need a place to buy stocks, eToro is our favorite venue.

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If you want to watch your new investment in Westlake Chemical Partners, click below.

NYSE: WLKP
$22.37-0.24 (-1.06%)
Updated Feb 23, 2024
Open eToro Account
NYSE: WLKP
$22.37-0.24 (-1.06%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Westlake Chemical Partners share?

As of Feb 23, 2024, it costs $22.37 to buy one share of Westlake Chemical Partners stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.447 shares of WLKP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Westlake Chemical Partners stock?

One way to place an order for Westlake Chemical Partners stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.