World Point Terminals (WPT) Earning Somewhat Positive News Coverage, Study Finds
Media coverage about World Point Terminals (NYSE:WPT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. World Point Terminals earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.6605016563133 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of World Point Terminals (NYSE WPT) opened at 17.29 on Friday. World Point Terminals has a 1-year low of $14.25 and a 1-year high of $17.90. The company’s 50 day moving average price is $17.00 and its 200-day moving average price is $16.81.
Several analysts have weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 target price on shares of World Point Terminals in a report on Friday, June 30th. ValuEngine lowered World Point Terminals from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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In related news, insider Kenneth E. Fenton sold 8,000 shares of World Point Terminals stock in a transaction on Friday, June 30th. The stock was sold at an average price of $17.30, for a total value of $138,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder World Point Terminals, Inc. bought 6,127,974 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was bought at an average price of $17.30 per share, for a total transaction of $106,013,950.20. The disclosure for this purchase can be found here.
About World Point Terminals
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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