The stock of World Point Terminals LP (NYSE:WPT) hit a new 52-week high and has $18.70 target or 9.00% above today’s $17.16 share price. The 6 months bullish chart indicates low risk for the $611.79 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $18.70 price target is reached, the company will be worth $55.06M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.80% or $0.94 on November 25, hitting $17.16. About 85,096 shares traded hands or 160.97% up from the average. World Point Terminals LP (NYSE:WPT) has risen 6.64% since April 22, 2016 and is uptrending. It has outperformed by 1.23% the S&P500.
Analysts await World Point Terminals LP (NYSE:WPT) to report earnings on April, 4. They expect $0.30 EPS, up 30.43% or $0.07 from last year’s $0.23 per share. WPT’s profit will be $10.70 million for 14.30 P/E if the $0.30 EPS becomes a reality. After $0.25 actual EPS reported by World Point Terminals LP for the previous quarter, Wall Street now forecasts 20.00% EPS growth.
According to Zacks Investment Research, “World Point Terminals, LP owns, operates, develops and acquires terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil. The Company’s storage terminals are located in the East Coast, Gulf Coast and Midwest regions of the United States. It provides terminaling and storage of light refined products, such as gasoline, distillates and jet fuels; heavy refined products, such as residual fuel oils and liquid asphalt, and crude oil. World Point Terminals, LP is headquartered in St. Louis, Missouri.”
Insitutional Activity: The institutional sentiment increased to 1.88 in 2016 Q2. Its up 0.88, from 1 in 2016Q1. The ratio is positive, as 5 funds sold all World Point Terminals LP shares owned while 6 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 5.15 million shares or 5.11% less from 5.43 million shares in 2016Q1.
Goldman Sachs Grp holds 0% or 33,800 shares in its portfolio. Advisory holds 0.22% of its portfolio in World Point Terminals LP (NYSE:WPT) for 795,372 shares. Clearbridge Limited Co accumulated 0.04% or 2.07 million shares. Westwood Group Inc Inc holds 430,328 shares or 0.06% of its portfolio. Morgan Stanley, a New York-based fund reported 51,854 shares. Drw Securities Limited Co reported 49,100 shares or 0.05% of all its holdings. Citigroup Inc last reported 0% of its portfolio in the stock. Moab Cap Prtn Ltd Limited Liability Company has 107,668 shares for 0.54% of their US portfolio. Trafelet Brokaw Cap Mngmt Lp, a New York-based fund reported 463,279 shares. Deutsche Comml Bank Ag last reported 95,975 shares in the company. Natl Bank Of America De has invested 0% of its portfolio in World Point Terminals LP (NYSE:WPT). Renaissance Technologies Limited Liability Company has 0% invested in the company for 50,803 shares. California Public Employees Retirement Systems, a California-based fund reported 15,700 shares. Wells Fargo And Mn last reported 154,211 shares in the company. Barrett Asset Management Ltd Com owns 2,000 shares or 0% of their US portfolio.
Insider Transactions: Since June 2, 2016, the stock had 5 buys, and 0 sales for $1.24 million net activity. 12,999 shares with value of $195,610 were bought by NOVELLY PAUL A on Tuesday, June 14.
More notable recent World Point Terminals LP (NYSE:WPT) news were published by: Marketwatch.com which released: “World Point Terminals LP” on May 27, 2011, also Seekingalpha.com with their article: “World Point Terminals LP: Sometimes Slow And Steady Actually Does Win The Race” published on September 10, 2016, Seekingalpha.com published: “World Point Terminals, LP (WPT) Q4 2015 Results – Earnings Call Transcript” on March 30, 2016. More interesting news about World Point Terminals LP (NYSE:WPT) were released by: Businesswire.com and their article: “World Point Terminals, LP Announces Retirement of Chief Financial Officer and …” published on June 30, 2015 as well as Businesswire.com‘s news article titled: “World Point Terminals, LP Announces Financial Results for the Quarter Ended …” with publication date: November 09, 2016.
WPT Company Profile
World Point Terminals, LP, incorporated on April 19, 2013, owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Firm operates fee facilities located along the East Coast, Gulf Coast and Midwest regions of the United States. Through its subsidiary, Terminal Company, LLC (Center Point), the Company owns and operates approximately 15.5 million barrels of tankage at terminals, which are located in the East Coast, Gulf Coast and Midwest regions of the United States. The Company’s terminal facilities are located on waterways, providing ship or barge access for the movement of petroleum products, and have truck racks with loading logistics. The Company’s terminal facilities also have rail or pipeline access. The Firm has approximately 18,375,510 common units and over 16,485,510 subordinated units representing its limited partner interest.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.