The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) hit a new 52-week high and has $35.23 target or 6.00% above today’s $33.24 share price. The 9 months bullish chart indicates low risk for the $397.20M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $35.23 price target is reached, the company will be worth $23.83 million 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 105,736 shares traded hands. Corenergy Infrastructure Trust Inc (NYSE:CORR) has risen 51.88% since April 28, 2016 and is uptrending. It has outperformed by 45.95% the S&P500.
Analysts await Corenergy Infrastructure Trust Inc (NYSE:CORR) to report earnings on March, 13. They expect $1.14 earnings per share, up 11.76% or $0.12 from last year’s $1.02 per share. CORR’s profit will be $13.62M for 7.29 P/E if the $1.14 EPS becomes a reality. After $0.98 actual earnings per share reported by Corenergy Infrastructure Trust Inc for the previous quarter, Wall Street now forecasts 16.33% EPS growth.
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. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, May 6. DA Davidson initiated the stock with “Buy” rating in Thursday, September 22 report. As per Wednesday, June 1, the company rating was upgraded by Stifel Nicolaus. The company was downgraded on Thursday, January 28 by Stifel Nicolaus. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) earned “Underperform” rating by RBC Capital Markets on Monday, October 17. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Monday, November 14 report. The company was upgraded on Tuesday, November 15 by Stifel Nicolaus. The firm has “Sector Perform” rating given on Friday, August 12 by RBC Capital Markets. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) earned “Neutral” rating by Bank of America on Wednesday, December 9. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) has “Market Perform” rating given on Thursday, February 25 by Wells Fargo.
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 upgraded to buy from hold at Stifel Nicolaus” on December 10, 2012. Nasdaq.com‘s article titled: “CorEnergy Infrastructure Trust, Inc. (CORR) Ex-Dividend Date Scheduled for …” and published on November 09, 2016 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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