Notable Mover: Is Buying World Point Terminals LP Here a Winning Strategy?

Notable Mover: Is Buying World Point Terminals LP Here a Winning Strategy?

The stock of World Point Terminals LP (NYSE:WPT) is a huge mover today! 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.
The move comes after 8 months positive chart setup for the $611.79 million company. It was reported on Nov, 25 by Barchart.com. We have $18.19 PT which if reached, will make NYSE:WPT worth $36.71 million more.

Analysts await World Point Terminals LP (NYSE:WPT) to report earnings on April, 4. They expect $0.30 earnings per share, up 30.43% or $0.07 from last year’s $0.23 per share. WPT’s profit will be $10.70M for 14.30 P/E if the $0.30 EPS becomes a reality. After $0.25 actual earnings per share 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 Q2 2016. Its up 0.88, from 1 in 2016Q1. The ratio improved, 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.
Citigroup Incorporated holds 3,600 shares or 0% of its portfolio. Drw Lc owns 49,100 shares or 0.05% of their US portfolio. Barrett Asset Mngmt Lc has invested 0% of its portfolio in World Point Terminals LP (NYSE:WPT). Clearbridge Limited Liability Co has 2.07 million shares for 0.04% of their US portfolio. Advisory Rech Inc holds 0.22% or 795,372 shares in its portfolio. Ftb Advsr Incorporated has 400 shares for 0% of their US portfolio. Trafelet Brokaw Capital Mgmt L P last reported 463,279 shares in the company. Moreover, Morgan Stanley has 0% invested in World Point Terminals LP (NYSE:WPT) for 51,854 shares. Manufacturers Life Ins Commerce The reported 1,236 shares or 0% of all its holdings. Stephens Ar owns 55,515 shares or 0.04% of their US portfolio. Wells Fargo & Mn accumulated 0% or 154,211 shares. Renaissance Lc last reported 50,803 shares in the company. Westwood Holdings Grp Inc accumulated 430,328 shares or 0.06% of the stock. Deutsche National Bank Ag accumulated 0% or 95,975 shares. Walleye Trading Limited Liability holds 1,900 shares or 0% of its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 5 insider purchases, and 0 selling transactions for $1.24 million net activity. NOVELLY PAUL A had bought 45,431 shares worth $683,850 on Thursday, June 2.

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.

Related posts

Leave a Comment