World Point Terminals LP (WPT) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Sep 14, 2016.
World Point Terminals LP closed down -0.33 points or -2.13% at $15.14 with 38,875 shares getting traded on Monday. Post opening the session at $15.67, the shares hit an intraday low of $14.95 and an intraday high of $15.67 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 29, 2015, Kenneth E Fenton (officer ) sold 2,000 shares at $13.59 per share price. According to the SEC, on Dec 28, 2015, Steven G Twele (director) sold 524 shares at $13.60 per share price. On Aug 21, 2015, G Louis Iii Graziadio (director) sold 200 shares at $14.54 per share price, according to the Form-4 filing with the securities and exchange commission.
World Point Terminals LP owns operates develops and acquires terminals and other assets relating to the storage of petroleum products including light refined products heavy refined products and crude oil. Through its subsidiary Center Point the Company owns and operates 15.3 million barrels of tankage at terminals which are located in the East Coast Gulf Coast and Midwest regions of the United States. In East Coast the terminals are located in Albany Baltimore Chesapeake Gates Glenmont Greensboro Jacksonville Newark and Weirton. In Gulf Coast the terminals are located in Baton Rouge Blakeley Island Chickasaw and Galveston. In Midwest terminals are located in Granite City Memphis Little Rock Pine Bluff and St. Louis. 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. Its terminal facilities also have rail or pipeline access.