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

StockNews.com initiated coverage on shares of Evolve Transition Infrastructure (NYSE:SNMP) in a report issued on Saturday. The brokerage issued a hold rating on the stock.

Evolve Transition Infrastructure Trading Down 2.9 %

SNMP opened at $1.33 on Friday. Evolve Transition Infrastructure has a 12 month low of $0.14 and a 12 month high of $297.00. The business’s 50-day moving average price is $1.33 and its 200-day moving average price is $1.44. The company has a market cap of $11.21 million, a P/E ratio of -0.27 and a beta of 1.12.

Institutional Inflows and Outflows

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

Evolve Transition Infrastructure Company Profile

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.