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World Point Terminals (NYSE:WPT) Insider Edwin A. Levy purchased 1,288 shares of the stock on the open market in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $19.15 per share, with a total value of $24,665.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $191,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of World Point Terminals from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $24.40 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of World Point Terminals in a research note on Friday, April 4th. They set a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of World Point Terminals from $23.00 to $24.00 in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.73.

Shares of World Point Terminals (NYSE:WPT) opened at 19.49 on Wednesday. World Point Terminals has a 1-year low of $17.26 and a 1-year high of $23.70. The stock has a 50-day moving average of $21.33 and a 200-day moving average of $20.27. The company has a market cap of $649.2 million and a P/E ratio of 40.77.

World Point Terminals (NYSE:WPT) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. Analysts expect that World Point Terminals will post $1.12 EPS for the current fiscal year.

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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