Insider Buying: Corenergy Infrastructure Trust Inc (CORR) Insider Buys 300 Shares of Stock
Corenergy Infrastructure Trust Inc (NYSE:CORR) insider Nate Poundstone purchased 300 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were acquired at an average price of $37.22 per share, for a total transaction of $11,166.00. Following the acquisition, the insider now directly owns 400 shares in the company, valued at approximately $14,888. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) traded up $1.21 on Friday, reaching $38.56. 121,200 shares of the company traded hands, compared to its average volume of 108,925. The company has a market cap of $459.22, a P/E ratio of 16.77, a PEG ratio of 2.99 and a beta of 2.11. Corenergy Infrastructure Trust Inc has a 12-month low of $31.45 and a 12-month high of $38.90. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35.
A number of research analysts have recently weighed in on CORR shares. ValuEngine upgraded shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Zacks Investment Research upgraded shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Finally, BidaskClub downgraded shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $37.50.
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About Corenergy Infrastructure Trust
CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets.
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