Opinions
The Panic-Proof Portfolio (Stockchase Research)
Westlake Chemical Partners LP
WLKP-N
TOP PICK
Sep 03, 2024
N/A
Stock price when the opinion was issued
chemicals
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Stockchase Research Editor: Michael O'Reilly
WLKP operates petrochemical facilities in the US and produces products like propylene and hydrogen from natural gas. Low natural gas prices are increasing margins. It distributes over 90% of its cash flow back to investors. It trades at 14x earnings and supports a ROE of 40%. We recommend setting a stop-loss at $18, looking to achieve $27 -- upside potential of 18%. Yield 8.2%
(Analysts’ price target is $25.33)