Evolve Transition Infrastructure (NYSE:SNMP) Earns Hold Rating from Analysts at StockNews.com

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

Evolve Transition Infrastructure Trading Down 2.9 %

Shares of SNMP stock opened at $1.33 on Friday. The firm’s 50 day moving average is $1.33 and its 200 day moving average is $1.43. The stock has a market capitalization of $11.21 million, a P/E 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.

Institutional Investors Weigh In On Evolve Transition Infrastructure

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

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.