World Point Terminals (WPT) Getting Somewhat Positive News Coverage, Analysis Shows
News stories about World Point Terminals (NYSE:WPT) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. World Point Terminals earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.6182578980555 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
World Point Terminals (NYSE:WPT) opened at 17.29 on Thursday. World Point Terminals has a one year low of $14.25 and a one year high of $17.90. The company has a 50-day moving average of $17.00 and a 200-day moving average of $16.81.
A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of World Point Terminals from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price objective on shares of World Point Terminals in a report on Friday, June 30th.
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In related news, major shareholder World Point Terminals, Inc. acquired 6,127,974 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was purchased at an average price of $17.30 per share, with a total value of $106,013,950.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven G. Twele sold 3,000 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $17.30, for a total value of $51,900.00. The disclosure for this sale can be found here.
World Point Terminals Company Profile
World Point Terminals, LP 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 Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.
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