Evolve Transition Infrastructure (NYSE:SNMP) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Evolve Transition Infrastructure (NYSE:SNMP) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

Evolve Transition Infrastructure Trading Down 2.9 %

Shares of NYSE SNMP opened at $1.33 on Friday. The stock has a market cap of $11.21 million, a P/E ratio of -0.27 and a beta of 1.12. The stock has a 50 day moving average of $1.33 and a two-hundred day moving average of $1.45. Evolve Transition Infrastructure has a twelve month low of $0.14 and a twelve month high of $297.00.

Insider Activity

In other Evolve Transition Infrastructure news, major shareholder Gp Holdings Lp Stonepeak acquired 1,536,220 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average price of $1.39 per share, with a total value of $2,135,345.80. Following the completion of the acquisition, the insider now directly owns 1,536,220 shares of the company’s stock, valued at approximately $2,135,345.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Evolve Transition Infrastructure

A hedge fund recently bought a new stake in Evolve Transition Infrastructure stock. Invesco Ltd. bought a new stake in Evolve Transition Infrastructure LP (NYSE:SNMP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 58,252 shares of the company’s stock, valued at approximately $86,000. Invesco Ltd. owned 0.69% of Evolve Transition Infrastructure as of its most recent filing with the Securities & Exchange Commission.

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.