World Point Terminals LP (NYSE:WPT) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: November 29, 2016
Having a price of $16.49, World Point Terminals LP (NYSE:WPT) traded -2.84% lower on the day. With the last close up 6.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $15.22 and a 200-day moving average of $15.36. 36,980 shares of the stock were exchanged, up from an average trading volume of 34,508
Zacks Investment Research has downgraded World Point Terminals LP (NYSE:WPT) to Sell in a report released on 11/29/2016.
Previously on 7/7/2015, Citigroup reported about World Point Terminals LP (NYSE:WPT) reduced the target price from $21.00 to $17.00. At the time, this suggested an upside of 0.00%.
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With a total market value of $0, World Point Terminals LP has price-earnings ratio of 15.97 with a one year low of $11.79 and a one year high of $17.65 .
Brief Synopsis About World Point Terminals LP (NYSE:WPT)
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. 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. Its terminal facilities also have rail or pipeline access. The Company has approximately 18,375,510 common units and over 16,485,510 subordinated units representing its limited partner interest.
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