Insider Buying: Paul Manheim Buys 1,000 Shares of World Point Terminals Stock (WPT)
World Point Terminals (NYSE:WPT) Insider Paul Manheim purchased 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $19,000.00. Following the transaction, the insider now directly owns 26,000 shares of the company’s stock, valued at approximately $494,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
World Point Terminals (NYSE:WPT) opened at 18.99 on Friday. 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 $18.93 and a 200-day moving average of $20.21. The company has a market cap of $632.6 million and a price-to-earnings ratio of 61.26.
World Point Terminals (NYSE:WPT) last released its earnings data 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. World Point Terminals currently has an average rating of “Buy” and an average 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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