Evolve Transition Infrastructure (NYSE:SNMP) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Evolve Transition Infrastructure (NYSE:SNMPFree Report) in a research note published on Saturday morning. The firm issued a hold rating on the stock.

Evolve Transition Infrastructure Trading Up 3.0 %

Shares of NYSE:SNMP opened at $1.36 on Friday. The stock’s fifty day simple moving average is $1.37 and its two-hundred day simple moving average is $2.09. Evolve Transition Infrastructure has a 1-year low of $0.14 and a 1-year high of $297.00. The stock has a market cap of $11.46 million, a PE ratio of -0.27 and a beta of 1.12.

Evolve Transition Infrastructure (NYSE:SNMPGet Free Report) last released its earnings results on Monday, November 13th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $5.92 million during the quarter.

Insider Transactions at Evolve Transition Infrastructure

In other Evolve Transition Infrastructure news, major shareholder Gp Holdings Lp Stonepeak bought 1,536,220 shares of the stock in a transaction dated Monday, January 8th. The shares were bought at an average cost of $1.39 per share, for a total transaction of $2,135,345.80. Following the purchase, the insider now directly owns 1,536,220 shares of the company’s stock, valued at approximately $2,135,345.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Evolve Transition Infrastructure

A hedge fund recently bought a new stake in Evolve Transition Infrastructure stock. Invesco Ltd. bought a new stake in shares of Evolve Transition Infrastructure LP (NYSE:SNMPFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 58,252 shares of the company’s stock, valued at approximately $86,000. Invesco Ltd. owned approximately 0.69% of Evolve Transition Infrastructure as of its most recent SEC filing.

About Evolve Transition Infrastructure

(Get Free Report)

Evolve Transition Infrastructure LP, together with its subsidiaries, engages in the acquisition, development, ownership, and operation of infrastructure for the transition of energy supply to lower carbon sources in the United States. The company engages in gathering, processing, and transporting natural gas, NGLs, and crude oil.

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