$0.45 EPS Expected for Westlake Chemical Partners LP (WLKP)

April 17, 2018 - By Mona Holcomb

Investors sentiment decreased to 1.31 in 2017 Q4. Its down 0.13, from 1.44 in 2017Q3. It fall, as 41 investors sold Westlake Chemical Partners LP shares while 72 reduced holdings. 72 funds opened positions while 76 raised stakes. 43.00 million shares or 3.49% less from 44.55 million shares in 2017Q3 were reported.
Bessemer Group reported 49 shares. Nomura Inc holds 0% or 14,182 shares. Riverhead Mgmt Limited Liability Corporation holds 18,520 shares or 0.08% of its portfolio. Amalgamated Bancorp holds 6,972 shares. Winfield Associates accumulated 10 shares. 10,000 are held by Williams Jones And Associates Limited Liability. Bb&T Securities Limited Liability Com has 1,885 shares for 0% of their portfolio. 3.14M are owned by Blackstone Group Limited Partnership. State Of Alaska Department Of Revenue has invested 0.01% in Westlake Chemical Partners LP (NYSE:WLKP). Shapiro Management Lc has invested 0.03% in Westlake Chemical Partners LP (NYSE:WLKP). Financial Mngmt Pro has 500 shares. Denali Advisors Ltd Liability Corporation owns 108,961 shares or 1.8% of their US portfolio. Polaris Greystone Fincl Grp Limited Liability Company invested in 0.22% or 25,152 shares. Plante Moran Fincl Advsr Ltd Com stated it has 0% in Westlake Chemical Partners LP (NYSE:WLKP). Cornercap Invest Counsel stated it has 29,665 shares or 0.43% of all its holdings.

Since February 27, 2018, it had 5 buys, and 0 insider sales for $356,595 activity. Shares for $47,535 were bought by Bender Mark Steven on Tuesday, February 27. On Thursday, March 1 the insider Teel Lawrence E. bought $113,750.

Analysts expect Westlake Chemical Partners LP (NYSE:WLKP) to report $0.45 EPS on May, 1.They anticipate $0.10 EPS change or 28.57 % from last quarter’s $0.35 EPS. WLKP’s profit would be $14.51M giving it 13.00 P/E if the $0.45 EPS is correct. After having $0.46 EPS previously, Westlake Chemical Partners LP’s analysts see -2.17 % EPS growth. The stock increased 0.65% or $0.15 during the last trading session, reaching $23.4. About 20,369 shares traded. Westlake Chemical Partners LP (NYSE:WLKP) has declined 9.98% since April 17, 2017 and is downtrending. It has underperformed by 21.53% the S&P500.

Westlake Chemical Partners LP (NYSE:WLKP) Ratings Coverage

Among 6 analysts covering Westlake Chemical (NYSE:WLKP), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Westlake Chemical had 7 analyst reports since December 5, 2017 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, March 2. Tudor Pickering downgraded the stock to “Hold” rating in Wednesday, December 6 report. B. Riley & Co maintained Westlake Chemical Partners LP (NYSE:WLKP) on Tuesday, December 19 with “Neutral” rating.

Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and related assets in the United States. The company has market cap of $754.35 million. The firm operates ethylene production facilities, which primarily convert ethane into ethylene. It has a 14.13 P/E ratio. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis.

Westlake Chemical Partners LP (NYSE:WLKP) Institutional Positions Chart

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