News stories about Corenergy Infrastructure Trust (NYSE:CORR) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Corenergy Infrastructure Trust earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.5125885454232 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Analysts Anticipate Corenergy Infrastructure Trust Inc (CORR) Will Announce Quarterly Sales of $21.54 Million (americanbankingnews.com)
- Zacks: Analysts Anticipate Corenergy Infrastructure Trust Inc (CORR) Will Announce Earnings of $1.03 Per Share (americanbankingnews.com)
- Corenergy Infrastructure Trust Inc (CORR) SVP Rebecca M. Sandring Acquires 575 Shares (americanbankingnews.com)
- Corenergy Infrastructure Trust Inc (CORR) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Corenergy Infrastructure Trust (CORR) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
CORR has been the subject of a number of recent analyst reports. ValuEngine raised shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Zacks Investment Research cut shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, BidaskClub cut shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $37.50.
Corenergy Infrastructure Trust (CORR) traded down $0.23 on Wednesday, reaching $38.26. 101,300 shares of the company’s stock were exchanged, compared to its average volume of 103,060. Corenergy Infrastructure Trust has a one year low of $31.45 and a one year high of $39.42. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $458.39, a PE ratio of 16.63, a price-to-earnings-growth ratio of 3.05 and a beta of 2.10.
Corenergy Infrastructure Trust (NYSE:CORR) last announced its earnings results on Wednesday, November 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.50). Corenergy Infrastructure Trust had a net margin of 38.06% and a return on equity of 9.08%. analysts predict that Corenergy Infrastructure Trust will post 4.21 earnings per share for the current year.
In related news, CEO David J. Schulte bought 690 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were acquired at an average price of $37.27 per share, for a total transaction of $25,716.30. Following the completion of the transaction, the chief executive officer now directly owns 21,610 shares in the company, valued at $805,404.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 1,565 shares of company stock worth $58,117. Company insiders own 0.99% of the company’s stock.
About Corenergy Infrastructure Trust
CorEnergy Infrastructure Trust, Inc (CorEnergy) 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.
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