World Point Terminals Insider Buys $19,000 in Stock (WPT)
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.
Receive News & Ratings for World Point Terminals LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Point Terminals LP and related companies with Analyst Ratings Network's FREE daily email newsletter.