Evolve Transition Infrastructure (NYSE:SNMP) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Evolve Transition Infrastructure (NYSE:SNMPFree Report) in a report released on Saturday morning. The firm issued a hold rating on the stock.

Evolve Transition Infrastructure Stock Performance

SNMP opened at $1.36 on Friday. The firm has a market cap of $11.46 million, a P/E ratio of -0.27 and a beta of 1.12. Evolve Transition Infrastructure has a 52-week low of $0.14 and a 52-week high of $297.00. The business’s fifty day moving average is $1.37 and its 200-day moving average is $2.09.

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

Insider Transactions at Evolve Transition Infrastructure

In related news, major shareholder Gp Holdings Lp Stonepeak bought 1,536,220 shares of Evolve Transition Infrastructure stock in a transaction dated Monday, January 8th. The shares were bought at an average cost of $1.39 per share, with a total value of $2,135,345.80. Following the acquisition, the insider now owns 1,536,220 shares in the company, valued at approximately $2,135,345.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by insiders.

Institutional Trading of Evolve Transition Infrastructure

A hedge fund recently bought a new stake in Evolve Transition Infrastructure stock. Invesco Ltd. purchased a new stake in shares of Evolve Transition Infrastructure LP (NYSE:SNMPFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 58,252 shares of the company’s stock, valued at approximately $86,000. Invesco Ltd. owned approximately 0.69% of Evolve Transition Infrastructure at the end of the most recent quarter.

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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