Insider Buying: World Point Terminals Insider Buys 1,288 Shares of Stock (WPT)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.