CorEnergy Infrastructure Trust (CORR) has been under a strong bear grip, hence the stock is down -2.26% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.66% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.09% in the last 1 week, and is up 0.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CorEnergy Infrastructure Trust (NYSE:CORR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.09 and $28.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.74, notching a gain of 3.12% for the day. The total traded volume was 77,968 . The stock had closed at $28.84 on the previous day.
The stock has recorded a 20-day Moving Average of 0.5% and the 50-Day Moving Average is 6.28%. CorEnergy Infrastructure Trust, Inc. is up 39.49% in the last 3-month period. Year-to-Date the stock performance stands at 100.4%.
CorEnergy Infrastructure Trust (CORR) : 4 investment research analysts covering CorEnergy Infrastructure Trust (CORR) have an average price target of $25.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $22 for the short term. Analysts expect the variance to be within $4.51 of the average price.
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).