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

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

Evolve Transition Infrastructure Stock Down 2.9 %

NYSE SNMP opened at $1.33 on Friday. The stock has a market capitalization of $11.21 million, a PE 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 company has a 50 day moving average price of $1.33 and a two-hundred day moving average price of $1.43.

Institutional Trading of Evolve Transition Infrastructure

An institutional investor recently bought a new position in Evolve Transition Infrastructure stock. Invesco Ltd. bought a new position in Evolve Transition Infrastructure LP (NYSE:SNMP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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

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.