Zacks Investment Research downgraded Corenergy Infrastructure Trust Inc (NYSE:CORR) to Hold in a report released today.
- Updated: October 17, 2016
Yesterday Corenergy Infrastructure Trust Inc (NYSE:CORR) traded -1.53% lower at $29.08. The company’s 50-day moving average is $29.20 and its 200-day moving average is $26.42. The last stock close price is up 9.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 74,528 shares of CORR traded hands, down from an average trading volume of 120,503
Zacks Investment Research has downgraded Corenergy Infrastructure Trust Inc (NYSE:CORR) to Hold in a report released on Monday October 17, 2016.
Recent Performance Chart
Corenergy Infrastructure Trust Inc has 52 week low of $10.90 and a 52 week high of $32.28 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its target, a total of 3 equity analysts have released a research note on the stock. The consensus target price is $25.33 with 0 firms rating the stock a strong buy, zero brokerages rating the company a buy, four brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the company a sell.
More About Corenergy Infrastructure Trust Inc (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.
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