StockNews.com began coverage on shares of Evolve Transition Infrastructure (NYSE:SNMP – Get Free Report) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.
Evolve Transition Infrastructure Stock Performance
Shares of SNMP stock opened at $1.33 on Friday. The company 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 simple moving average of $1.33 and a two-hundred day simple moving average of $1.45. Evolve Transition Infrastructure has a fifty-two week low of $0.14 and a fifty-two week high of $297.00.
Insider Activity
In other news, major shareholder Gp Holdings Lp Stonepeak acquired 1,536,220 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was purchased at an average price of $1.39 per share, for a total transaction of $2,135,345.80. Following the completion of the acquisition, the insider now directly owns 1,536,220 shares in the company, valued at approximately $2,135,345.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.10% of the company’s stock.
Institutional Investors Weigh In On Evolve Transition Infrastructure
An institutional investor recently bought a new position in Evolve Transition Infrastructure stock. Invesco Ltd. acquired a new position in Evolve Transition Infrastructure LP (NYSE:SNMP – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 quarter.
Evolve Transition Infrastructure Company Profile
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.
Further Reading
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