CorEnergy Infrastructure Trust Inc. (NYSE: CORR) is -84.03% lower on its value in year-to-date trading and has touched a low of $3.56 and a high of $47.56 in the current 52-week trading range. The CORR stock was last observed hovering at around $7.36 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $4.50 for the next 12 months. It is also -42.8% off the consensus price target high of $5.00 offered by 2 analysts, but current levels are -78.5% lower than the price target low of $4.00 for the same period.
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Currently trading at $7.14, the stock is 1.31% and 21.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -2.99% at the moment leaves the stock -29.62% off its SMA200. CORR registered -83.68% loss for a year compared to 6-month loss of -37.31%. The firm has a 50-day simple moving average (SMA 50) of $6.12 and a 200-day simple moving average (SMA200) of $7.78.
The stock witnessed a 44.24% gain in the last 1 month and extending the period to 3 months gives it a 17.63%, and is -13.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.26% over the week and 10.25% over the month.
CorEnergy Infrastructure Trust Inc. (CORR) has around 29 employees, a market worth around $100.53M and $27.20M in sales. Distance from 52-week low is 100.84% and -84.99% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).
CorEnergy Infrastructure Trust Inc. (CORR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CorEnergy Infrastructure Trust Inc. (CORR) is a “Underweight”. 2 analysts offering their recommendations for the stock have an average rating of 3.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
CorEnergy Infrastructure Trust Inc. is expected to release its quarterly report on 03/03/2021 and quarterly earnings per share for the current quarter are estimated at -$0.43 with sales reaching $2.32M over the same period.The EPS is expected to shrink by -117.90% this year, but quarterly earnings will post -68.20% year-over-year. Quarterly sales are estimated to shrink -86.10% in year-over-year returns.
CorEnergy Infrastructure Trust Inc. (CORR) Top Institutional Holders
121 institutions hold shares in CorEnergy Infrastructure Trust Inc. (CORR), with 59.66k shares held by insiders accounting for 0.44% while institutional investors hold 51.30% of the company’s shares. The shares outstanding are 13.65M, and float is at 13.59M with Short Float at 6.95%. Institutions hold 51.08% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 1.28 million shares valued at $7.48 million. The investor’s holdings represent 9.39% of the CORR Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 0.95 million shares valued at $5.54 million to account for 6.95% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.76 million shares representing 5.55% and valued at over $4.43 million, while Lsv Asset Management holds 4.13% of the shares totaling 0.56 million with a market value of $3.29 million.
CorEnergy Infrastructure Trust Inc. (CORR) Insider Activity
The most recent transaction is an insider purchase by CICCOTELLO CONRAD S, the company’s Director. SEC filings show that CICCOTELLO CONRAD S bought 500 shares of the company’s common stock on Jul 10 at a price of $7.49 per share for a total of $3745.0. Following the purchase, the insider now owns 3287.0 shares.
CorEnergy Infrastructure Trust Inc. disclosed in a document filed with the SEC on Jul 09 that SCHULTE DAVID J (President & CEO & Chairman) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Jul 09 and was made at $7.52 per share for $15040.0. Following the transaction, the insider now directly holds 27000.0 shares of the CORR stock.
Still, SEC filings show that on Jul 09, Fulmer Jeffrey E. (Executive Vice President) acquired 2,000 shares at an average price of $7.84 for $15680.0. The insider now directly holds 8,865 shares of CorEnergy Infrastructure Trust Inc. (CORR).