World Point Terminals LP Reaches New 52-Week High at $20.50 (WPT)
Shares of World Point Terminals LP (NYSE:WPT) reached a new 52-week high during trading hours on Monday , AnalystRatings.NET reports. The company traded as high as $20.50 and last traded at $20.41, with a volume of 18,401 shares trading hands. The stock had previously closed at $20.12.
A number of analysts have recently weighed in on WPT shares. Analysts at Zacks downgraded shares of World Point Terminals LP from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $18.30 price target on the stock. Separately, analysts at Wedbush initiated coverage on shares of World Point Terminals LP in a research note to investors on Tuesday, December 17th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, analysts at MLV Capital initiated coverage on shares of World Point Terminals LP in a research note to investors on Monday, December 2nd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.95.
The stock has a 50-day moving average of $19.42 and a 200-day moving average of $19.5. The company has a market cap of $687.7 million and a price-to-earnings ratio of 52.40.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Wednesday, January 29th. This is a positive change from World Point Terminals LP’s previous quarterly dividend of $0.16.
World Point Terminals, LP is a fee-based Delaware limited partnership formed to own, operate, develop and acquire terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil.
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