Oiltanking Partners CEO Buys $55,040 in Stock (OILT)
Oiltanking Partners (NASDAQ:OILT) CEO Anne-Marie Ainsworth purchased 1,000 shares of the company’s stock on the open market in a transaction dated Monday, October 7th. The stock was purchased at an average cost of $55.04 per share, with a total value of $55,040.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $550,400. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on OILT. Analysts at Zacks downgraded shares of Oiltanking Partners from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $57.20 price target on the stock. Analysts at Clarkson Capital initiated coverage on shares of Oiltanking Partners in a research note to investors on Friday, July 19th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Oiltanking Partners currently has an average rating of “Hold” and a consensus price target of $52.55.
Shares of Oiltanking Partners (NASDAQ:OILT) traded down 0.18% during mid-day trading on Monday, hitting $54.83. The stock had a trading volume of 32,130 shares. Oiltanking Partners has a 52 week low of $33.11 and a 52 week high of $57.78. The stock’s 50-day moving average is $50.05 and its 200-day moving average is $49.75. The company has a market cap of $2.133 billion and a price-to-earnings ratio of 29.64.
Oiltanking Partners (NASDAQ:OILT) last released its earnings data on Wednesday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.13. The company had revenue of $52.08 million for the quarter, compared to the consensus estimate of $41.05 million. During the same quarter last year, the company posted $0.41 earnings per share. Oiltanking Partners’s revenue was up 54.0% compared to the same quarter last year.
Oiltanking Partners, L.P. (NASDAQ:OILT) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.
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