Insider Buying: William Thomas Jr. Derosa Acquires 20,000 Shares of Dakota Plains Holdings Stock (DAKP)
Dakota Plains Holdings (NASDAQ:DAKP) Director William Thomas Jr. Derosa acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of $2.31 per share, with a total value of $46,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DAKP has been the subject of a number of recent research reports. Analysts at Northland Securities cut their price target on shares of Dakota Plains Holdings from $3.50 to $2.85 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Dakota Plains Holdings in a research note on Thursday, June 26th. They set a “hold” rating and a $2.75 price target on the stock.
Shares of Dakota Plains Holdings (NASDAQ:DAKP) traded down 3.93% on Wednesday, hitting $2.20. The stock had a trading volume of 23,540 shares. Dakota Plains Holdings has a 52-week low of $1.50 and a 52-week high of $2.95. The stock’s 50-day moving average is $2.37 and its 200-day moving average is $2.16. The company’s market cap is $118.5 million.
Dakota Plains Holdings (NASDAQ:DAKP) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.05. On average, analysts predict that Dakota Plains Holdings will post $-0.05 earnings per share for the current fiscal year.
Dakota Plains Holdings, Inc (NASDAQ:DAKP), formerly MCT Holding Corporation, is engaged in developing and owning transloading facilities, marketing and transporting of crude oil and related products from and into the Williston Basin oil fields of North Dakota.
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