Dakota Plains Holdings Director William Thomas Jr. Derosa Purchases 20,000 Shares (DAKP)
Dakota Plains Holdings (NASDAQ:DAKP) Director William Thomas Jr. Derosa bought 20,000 shares of Dakota Plains Holdings stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of $2.25 per share, with a total value of $45,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Dakota Plains Holdings (NASDAQ:DAKP) traded up 3.07% during mid-day trading on Friday, hitting $2.35. 33,539 shares of the company’s stock traded hands. Dakota Plains Holdings has a one year low of $1.50 and a one year high of $2.95. The stock’s 50-day moving average is $2. and its 200-day moving average is $2.16. The company’s market cap is $126.6 million.
Dakota Plains Holdings (NASDAQ:DAKP) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ 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.
A number of analysts have recently weighed in on DAKP shares. 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.
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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