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WLKP
Stock ticker:
NYSE
AS OF
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Capitalization
790.73M

WLKP Westlake Chemical Partners LP Forecast, Technical & Fundamental Analysis

a company that operates, acquires and develops ethylene production facilities and related assets

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for WLKP with price predictions
08:00 PM EDT Jun 07, 2023

WLKP's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for WLKP moved out of overbought territory on June 08, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WLKP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WLKP broke above its upper Bollinger Band on June 07, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on WLKP as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for WLKP just turned positive on May 18, 2023. Looking at past instances where WLKP's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

WLKP moved above its 50-day moving average on June 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for WLKP crossed bullishly above the 50-day moving average on June 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WLKP advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 222 cases where WLKP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.725) is normal, around the industry mean (3.268). P/E Ratio (12.610) is within average values for comparable stocks, (80.699). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.137). WLKP has a moderately high Dividend Yield (0.084) as compared to the industry average of (0.036). P/S Ratio (0.514) is also within normal values, averaging (65.687).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WLKP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Dow (NYSE:DOW), DuPont de Nemours (NYSE:DD), Chemours Company (The) (NYSE:CC), Livent Corp (NYSE:LTHM).

Industry description

The specialty chemicals sector includes companies that produce chemicals and industrial gases, which are of relatively high-value, often made to customer specifications. Examples of specialty chemicals are electronic chemicals, industrial gases, coatings, adhesives and sealants, industrial and institutional cleaning chemicals. The products are often valued on the basis of their purposes/performances rather than for their composition. Linde Plc, Ecolab Inc., Air Products and Chemicals, Inc., and Dow, Inc. are some of the largest companies making specialty chemicals.

Market Cap

The average market capitalization across the Chemicals: Specialty Industry is 7.76B. The market cap for tickers in the group ranges from 47 to 177.38B. LIN holds the highest valuation in this group at 177.38B. The lowest valued company is GTBT at 47.

High and low price notable news

The average weekly price growth across all stocks in the Chemicals: Specialty Industry was 3%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 2%. FEAM experienced the highest price growth at 28%, while VNTRQ experienced the biggest fall at -24%.

Volume

The average weekly volume growth across all stocks in the Chemicals: Specialty Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was 28%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 59
Price Growth Rating: 51
SMR Rating: 60
Profit Risk Rating: 82
Seasonality Score: -7 (-100 ... +100)
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A.I. Advisor
published Earnings

WLKP is expected to report earnings to fall 15.93% to 35 cents per share on August 01

Westlake Chemical Partners LP WLKP Stock Earnings Reports
Q2'23
Est.
$0.35
Q1'23
Missed
by $0.05
Q4'22
Est.
$0.48
Q3'22
Missed
by $0.07
Q2'22
Missed
by $0.02
The last earnings report on May 04 showed earnings per share of 41 cents, missing the estimate of 46 cents. With 14.46K shares outstanding, the current market capitalization sits at 790.73M.
A.I.Advisor
published Dividends

WLKP paid dividends on May 26, 2023

Westlake Chemical Partners LP WLKP Stock Dividends
А dividend of $0.47 per share was paid with a record date of May 26, 2023, and an ex-dividend date of May 11, 2023. Read more...
A.I. Advisor
published General Information

General Information

a company that operates, acquires and develops ethylene production facilities and related assets

Industry ChemicalsSpecialty

Profile
Fundamentals
Details
Industry
Chemicals Specialty
Address
2801 Post Oak Boulevard
Phone
+1 713 585-2900
Employees
148
Web
https://www.wlkpartners.com
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WLKP and

Correlation & Price change

A.I.dvisor indicates that over the last year, WLKP has been loosely correlated with CBT. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if WLKP jumps, then CBT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WLKP
1D Price
Change %
WLKP100%
-1.75%
CBT - WLKP
49%
Loosely correlated
-1.40%
LYB - WLKP
48%
Loosely correlated
-1.93%
MEOH - WLKP
47%
Loosely correlated
-4.52%
ASIX - WLKP
47%
Loosely correlated
-3.19%
EMN - WLKP
47%
Loosely correlated
-3.98%
More

Groups containing WLKP

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WLKP
1D Price
Change %
WLKP100%
-1.75%
chemicals
(undefined stocks)
54%
Loosely correlated
-1.21%
Process Industries
(undefined stocks)
12%
Poorly correlated
+0.12%
Chemicals: Specialty
(undefined stocks)
7%
Poorly correlated
-0.10%