StockNews.com Begins Coverage on Evolve Transition Infrastructure (NYSE:SNMP)

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

Evolve Transition Infrastructure Trading Down 2.9 %

SNMP opened at $1.33 on Friday. The company has a market capitalization of $11.21 million, a price-to-earnings ratio of -0.27 and a beta of 1.12. Evolve Transition Infrastructure has a 12-month low of $0.14 and a 12-month high of $297.00. The business’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Evolve Transition Infrastructure stock. Invesco Ltd. acquired a new position in shares of Evolve Transition Infrastructure LP (NYSE:SNMP) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 filing with the SEC.

About Evolve Transition Infrastructure

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.