RBC Capital disclosed CorEnergy Infrastructure Trust (NYSE:CORR), scaling down its target to $23.00 earlier today
- Updated: October 16, 2016
RBC Capital bumped down the target of CorEnergy Infrastructure Trust (NYSE:CORR) to $23.00 stating a potential downside of -0.20%.
Boasting a price of $28.93, CorEnergy Infrastructure Trust (NYSE:CORR) traded -1.53% lower on the day. With the last stock price close up 9.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. CorEnergy Infrastructure Trust has recorded a 50-day average of $29.20 and a two hundred day average of $26.42. Volume of trade was down over the average, with 74,528 shares of CORR changing hands under the typical 120,503
Recent Performance Chart
CorEnergy Infrastructure Trust has 52 week low of $10.90 and a 52 week high of $32.28 and has a market capitalization of $0.
Also covering CorEnergy Infrastructure Trust's target price, a total of 3 equity analysts have released a ratings update on the company. The average stock price target is $25.33 with 0 brokerages rating the stock a strong buy, zero equity analysts rating the company a buy, four firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Company Details For CorEnergy Infrastructure Trust (NYSE:CORR)
CorEnergy Infrastructure Trust, Inc. 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 Company also provides other types of capital, including loans secured by energy infrastructure assets. The Company owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, which is a subsea, crude oil pipeline system in the Gulf of Mexico; Pinedale Liquids Gathering System, which consists of approximately 150 miles of pipelines; Portland Terminal Facility, which is a rail and marine facility property; MoGas Pipeline System, which delivers natural gas to both investor-owned and municipal local distribution systems, and Omega Pipeline, which provides natural gas marketing services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.