World Point Terminals Insider Paul Manheim Buys 1,000 Shares (WPT)
World Point Terminals (NYSE:WPT) Insider Paul Manheim bought 1,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was 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 filing with the SEC, which can be accessed through this link.
Shares of World Point Terminals (NYSE:WPT) opened at 18.99 on Monday. World Point Terminals has a one year low of $17.26 and a one year high of $23.70. The stock’s 50-day moving average is $18.92 and its 200-day moving average is $20.20. The company has a market cap of $632.6 million and a P/E ratio of 61.26.
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. Analysts expect that World Point Terminals will post $1.09 EPS 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. World Point Terminals currently has an average rating of “Buy” and an average price target 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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