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World Point Terminals (NYSE:WPT) Insider Paul Manheim purchased 1,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $19,000.00. Following the completion of the transaction, the insider now directly owns 26,000 shares in the company, valued at approximately $494,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

World Point Terminals (NYSE:WPT) remained flat at $18.99 during trading on Thursday. The stock had a trading volume of 30,882 shares. World Point Terminals has a 52 week low of $17.26 and a 52 week high of $23.70. The stock has a 50-day moving average of $18.9 and a 200-day moving average of $20.22. The company has a market cap of $632.6 million and a price-to-earnings ratio of 39.73.

World Point Terminals (NYSE:WPT) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. The company had revenue of $22.41 million for the quarter, compared to the consensus estimate of $22.49 million. On average, analysts predict that World Point Terminals will post $1.08 earnings per share for the current fiscal year.

Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of World Point Terminals in a research note on Thursday, August 14th. They now have a $22.50 price target on the stock, down previously from $23.50. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.17.

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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