Market cap of CorEnergy Infrastructure Trust Inc. [CORR] reaches 133.88M – now what?

CorEnergy Infrastructure Trust Inc. [NYSE: CORR] price plunged by -10.81 percent to reach at -$1.06. The company report on February 5, 2021 that CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets.

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Consideration Includes Sale of Grand Isle Gathering System.

CorEnergy Infrastructure Trust, Inc. (“CorEnergy” or the “Company”) announced the acquisition (the “Transaction”) of Crimson Midstream Holdings, LLC (“Crimson”), a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California crude production to in-state refineries producing state-mandated specialized fuel blends, among other products.

A sum of 2654170 shares traded at recent session while its average daily volume was at 514.06K shares. CorEnergy Infrastructure Trust Inc. shares reached a high of $11.04 and dropped to a low of $8.01 until finishing in the latest session at $8.75.

The one-year CORR stock forecast points to a potential downside of -94.44. The average equity rating for CORR stock is currently 3.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on CorEnergy Infrastructure Trust Inc. [CORR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CORR shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CORR stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for CorEnergy Infrastructure Trust Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 08, 2020. The new note on the price target was released on November 05, 2020, representing the official price target for CorEnergy Infrastructure Trust Inc. stock. Previously, the target price had yet another raise to $15, while DA Davidson analysts kept a Underperform rating on CORR stock.

The Average True Range (ATR) for CorEnergy Infrastructure Trust Inc. is set at 0.83, with the Price to Sales ratio for CORR stock in the period of the last 12 months amounting to 4.92. The Price to Book ratio for the last quarter was 4.01, with the Price to Cash per share for the same quarter was set at 6.81. Price to Free Cash Flow for CORR in the course of the last twelve months was 66.94.

CORR Stock Performance Analysis:

CorEnergy Infrastructure Trust Inc. [CORR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.89. With this latest performance, CORR shares gained by 21.70% in over the last four-week period, additionally sinking by -8.38% over the last 6 months – not to mention a drop of -81.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CORR stock in for the last two-week period is set at 54.96, with the RSI for the last a single of trading hit 51.86, and the three-weeks RSI is set at 55.99 for CorEnergy Infrastructure Trust Inc. [CORR]. The present Moving Average for the last 50 days of trading for this stock 7.68, while it was recorded at 9.16 for the last single week of trading, and 8.29 for the last 200 days.

Insight into CorEnergy Infrastructure Trust Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and CorEnergy Infrastructure Trust Inc. [CORR] shares currently have an operating margin of +42.99 and a Gross Margin at +67.63. CorEnergy Infrastructure Trust Inc.’s Net Margin is presently recorded at +4.75.

Return on Total Capital for CORR is now 5.99, given the latest momentum, and Return on Invested Capital for the company is 0.67. Return on Equity for this stock inclined to 0.88, with Return on Assets sitting at 0.64. When it comes to the capital structure of this company, CorEnergy Infrastructure Trust Inc. [CORR] has a Total Debt to Total Equity ratio set at 31.92. Additionally, CORR Total Debt to Total Capital is recorded at 24.20, with Total Debt to Total Assets ending up at 23.25. Long-Term Debt to Equity for the company is recorded at 41.71, with the Long-Term Debt to Total Capital now at 23.29.

Reflecting on the efficiency of the workforce at the company, CorEnergy Infrastructure Trust Inc. [CORR] managed to generate an average of $203,975 per employee. Receivables Turnover for the company is 4.03 with a Total Asset Turnover recorded at a value of 0.13.

CORR Stock EPS

With the latest financial reports released by the company, CorEnergy Infrastructure Trust Inc. posted -1.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -375.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CORR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CorEnergy Infrastructure Trust Inc. go to 2.00%.

CorEnergy Infrastructure Trust Inc. [CORR] Insider Position Details

There are presently around $58 million, or 45.70% of CORR stock, in the hands of institutional investors. The top three institutional holders of CORR stocks are: VANGUARD GROUP INC with ownership of 1,281,443, which is approximately -5.03% of the company’s market cap and around 0.44% of the total institutional ownership; BLACKROCK INC., holding 981,901 shares of the stock with an approximate value of $8.59 million in CORR stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $6.63 million in CORR stock with ownership of nearly -20.155% of the company’s market capitalization.

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Positions in CorEnergy Infrastructure Trust Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 24 institutional holders increased their position in CorEnergy Infrastructure Trust Inc. [NYSE:CORR] by around 299,520 shares. Additionally, 67 investors decreased positions by around 1,624,725 shares, while 14 investors held positions by with 4,756,996 shares. The mentioned changes placed institutional holdings at 6,681,241 shares, according to the latest SEC report filing. CORR stock had 6 new institutional investments in for a total of 57,961 shares, while 26 institutional investors sold positions of 628,726 shares during the same period.

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