Westlake Chemical Partners is a limited partnership that operates, acquires and develops ethylene production facilities and related assets. Co.'s business and operations are conducted through its subsidiary, Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake Corporation and others, as well as co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. We show 1 historical shares outstanding datapoints in our WLKP shares outstanding history coverage, used to compute WLKP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WLKP market cap history over the course of time is important for investors
interested in comparing WLKP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WLKP versus a peer is one thing; comparing
WLKP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WLKP can fluctuate over the course of history.
With this page we aim to empower investors researching WLKP by allowing them to research the WLKP market cap history. |
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Video: The Importance of Market Cap
