Revenue Update on World Point Terminals LP(NYSE:WPT)

World Point Terminals LP(NYSE:WPT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $25.11M. Analysts estimated a revenue of $25.15M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.26.

World Point Terminals LP (WPT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.58% or 0.09 points. Due to strong positive momentum, the stock ended at $15.59, which is also near the day’s high of $15.59. The stock began the session at $15.51 and the volume stood at 26,436 shares. The 52-week high of the shares is $16.49 and the 52 week low is $11.794. The company has a current market capitalization of $543 M and it has 3,48,61,014 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Paul A Novelly (director officer 10% owner ) purchased 10,000 shares at $15.10 per share price.Also, On Dec 29, 2015, Kenneth E Fenton (officer ) sold 2,000 shares at $13.59 per share price.On Dec 28, 2015, Steven G Twele (director) sold 524 shares at $13.60 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.

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