Corenergy Infrastructure Trust Upgraded at Stifel Nicolaus (CORR)
Corenergy Infrastructure Trust (NASDAQ:CORR) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $8.50 price target on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 5.99% from the stock’s previous close.
Separately, analysts at TheStreet upgraded shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th.
Shares of Corenergy Infrastructure Trust (NASDAQ:CORR) traded up 0.25% during mid-day trading on Tuesday, hitting $8.02. 96,714 shares of the company’s stock traded hands. Corenergy Infrastructure Trust has a 1-year low of $6.11 and a 1-year high of $8.54. The stock has a 50-day moving average of $8.04 and a 200-day moving average of $7.23.
Corenergy Infrastructure Trust (NASDAQ:CORR) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.01. Analysts expect that Corenergy Infrastructure Trust will post $0.39 EPS for the current fiscal year.
CorEnergy Infrastructure Trust, Inc, formerly Tortoise Capital Resources Corporation, is an energy infrastructure asset financing company.
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