CorEnergy Infrastructure Trust (CORR) : Analyst Rating Update

CorEnergy Infrastructure Trust (CORR) : 2 brokerage houses believe that CorEnergy Infrastructure Trust (CORR) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CorEnergy Infrastructure Trust (CORR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

CorEnergy Infrastructure Trust (CORR) stock is expected to deviate a maximum of $4.51 from the average target price of $25.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $32 and the most muted being $22.

CorEnergy Infrastructure Trust (NYSE:CORR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.06 and $27.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.18, notching a gain of 3.88% for the day. The total traded volume was 124,572 . The stock had closed at $28.09 on the previous day.

Also, Stifel Nicolaus upgrades its rating on CorEnergy Infrastructure Trust (NYSE:CORR). Analysts at the Stifel Nicolaus have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 1, 2016.

CorEnergy Infrastructure Trust, Inc. is an energy infrastructure real estate investment trust. The Company is focused on acquiring and financing midstream and downstream real estate assets in the United States energy infrastructure sector. It provides other types of capital, including loans secured by energy infrastructure assets. Its focus of assets includes pipelines, storage tanks, transmission lines and gathering systems, among others. Its assets include Pinedale Liquids Gathering System (Pinedale LGS), Portland Terminal Facility, MoGas Pipeline System, Eastern Interconnect Project and Omega Pipeline. Its subsidiaries holding its securities portfolios and operating businesses, are Corridor Public Holdings, Inc. and its wholly owned subsidiary Corridor Private Holdings, Inc (CorPrivate); Mowood Corridor, Inc. and its wholly owned subsidiary, Mowood, LLC (Mowood); Corridor MoGas, Inc. (CorMoGas); CorEnergy BBWS, Inc. (BBWS), and Corridor Leeds Path West, Inc. (Leeds Path West).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.