A number of other research analysts have also recently issued reports on CORR. Zacks Investment Research cut Corenergy Infrastructure Trust from a buy rating to a strong sell rating in a research note on Thursday, April 16th. Stifel Nicolaus lowered their price objective on Corenergy Infrastructure Trust from $44.00 to $15.00 and set a hold rating for the company in a research note on Tuesday, April 14th. Finally, DA Davidson lowered their price objective on Corenergy Infrastructure Trust from $15.00 to $8.00 and set an underperform rating for the company in a research note on Friday, June 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. Corenergy Infrastructure Trust currently has an average rating of Hold and a consensus price target of $16.67.
Shares of NYSE:CORR opened at $9.64 on Friday. The stock has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $27.59. The stock has a market capitalization of $119.31 million, a price-to-earnings ratio of -24.72 and a beta of 1.21. Corenergy Infrastructure Trust has a 12-month low of $8.45 and a 12-month high of $49.75. The company has a current ratio of 17.16, a quick ratio of 17.16 and a debt-to-equity ratio of 0.43.
About Corenergy Infrastructure Trust
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.
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