World Point Terminals Insider Purchases $19,000 in Stock (WPT)
World Point Terminals (NYSE:WPT) Insider Paul Manheim acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average cost of $19.00 per share, with a total value of $19,000.00. Following the purchase, the insider now directly owns 26,000 shares of the company’s stock, valued at approximately $494,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.17.
Shares of World Point Terminals (NYSE:WPT) remained flat at $18.99 during during mid-day trading trading on Thursday. 30,882 shares of the company’s stock traded hands. World Point Terminals has a 52-week low of $17.26 and a 52-week high of $23.70. The stock’s 50-day moving average is $18.9 and its 200-day moving average is $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 announced its 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.
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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