Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Westlake Chemical Partners LP (NYSE: WLKP) closed at $22.10 up 0.45% from its previous closing price of $22.00. In other words, the price has increased by $0.45 from its previous closing price. On the day, 1.06 million shares were traded. WLKP stock price reached its highest trading level at $22.4554 during the session, while it also had its lowest trading level at $22.1.
Ratios:
For a deeper understanding of Westlake Chemical Partners LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.12. For the most recent quarter (mrq), Quick Ratio is recorded 5.09 and its Current Ratio is at 5.21. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.77.
On March 18, 2021, UBS Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $23 to $25.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 28 ’24 when Kenner Andrew bought 5,000 shares for $22.23 per share. The transaction valued at 111,150 led to the insider holds 150,839 shares of the business.
Kenner Andrew bought 4,230 shares of WLKP for $93,737 on Mar 21 ’24. The SVP, Olefin Material & Corp Pr now owns 145,839 shares after completing the transaction at $22.16 per share. On Mar 06 ’24, another insider, Kenner Andrew, who serves as the SVP, Olefin Material & Corp Pr of the company, bought 5,000 shares for $22.30 each. As a result, the insider paid 111,500 and bolstered with 141,609 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WLKP now has a Market Capitalization of 778540992 and an Enterprise Value of 1451925376. As of this moment, Westlake’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.36, and their Forward P/E ratio for the next fiscal year is 10.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 1.243 whereas that against EBITDA is 3.114.
Stock Price History:
Over the past 52 weeks, WLKP has reached a high of $23.68, while it has fallen to a 52-week low of $20.86. The 50-Day Moving Average of the stock is -0.34%, while the 200-Day Moving Average is calculated to be -0.24%.
Shares Statistics:
For the past three months, WLKP has traded an average of 49.26K shares per day and 180760 over the past ten days. A total of 35.23M shares are outstanding, with a floating share count of 20.54M. Insiders hold about 41.71% of the company’s shares, while institutions hold 33.78% stake in the company. Shares short for WLKP as of 1713139200 were 102595 with a Short Ratio of 2.08, compared to 1710460800 on 105354. Therefore, it implies a Short% of Shares Outstanding of 102595 and a Short% of Float of 0.73.
Dividends & Splits
According to the company, the forward annual dividend rate for WLKP is 1.89, from 1.886 in the trailing year. Against a Trailing Annual Dividend Yield of 0.085727274The stock’s 5-year Average Dividend Yield is 8.17.
