The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) hit a new 52-week high and has $53.30 target or 66.00% above today’s $32.11 share price. The 6 months bullish chart indicates low risk for the $382.69 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $53.30 price target is reached, the company will be worth $252.58M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 78,120 shares traded hands. Corenergy Infrastructure Trust Inc (NYSE:CORR) has risen 57.10% since April 19, 2016 and is uptrending. It has outperformed by 53.24% the S&P500.
Corenergy Infrastructure Trust Inc (NYSE:CORR) Ratings Coverage
Out of 5 analysts covering CorEnergy Infrastructure Trust (NYSE:CORR), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. CorEnergy Infrastructure Trust has been the topic of 13 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Tuesday, November 15 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The firm earned “Buy” rating on Thursday, September 22 by DA Davidson. The company was upgraded on Monday, November 14 by RBC Capital Markets. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 12. The firm has “Hold” rating given on Thursday, August 11 by Stifel Nicolaus. The rating was downgraded by RBC Capital Markets on Monday, October 17 to “Underperform”. On Wednesday, December 9 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 12. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, May 6. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, January 28.
According to Zacks Investment Research, “CorEnergy Infrastructure Trust, Inc. seeks to invest primarily in the U.S. energy infrastructure sector. It seeks to acquire midstream and downstream U.S. energy infrastructure assets and concurrently enter into long-term triple net leases with energy companies. These assets may include pipelines, storage tanks, transmission lines and gathering systems, among others. CorEnergy Infrastructure Trust, Inc., formerly known as Tortoise Capital Resources Corporation, is based in United States.”
More news for Corenergy Infrastructure Trust Inc (NYSE:CORR) were recently published by: Marketwatch.com, which released: “CorEnergy Infrastructure Trust Inc.” on December 10, 2012. Businesswire.com‘s article titled: “CorEnergy Completes 1-for-5 Reverse Stock Split, To Begin Trading December 2, 2015” and published on December 01, 2015 is yet another important article.
CORR Company Profile
CorEnergy Infrastructure Trust, Inc. (CorEnergy), incorporated on October 8, 2005, is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Firm also provides other types of capital, including loans secured by energy infrastructure assets. The Firm owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, Pinedale Liquids Gathering System (Pinedale LGS), Portland Terminal Facility, MoGas Pipeline System and Omega Pipeline.
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