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Corenergy Infrastructure Trust I Up 2.14% To $2.39 After Earnings

Thursday, August 11, 2022 01:53 PM | InvestorsObserver Analysts
Corenergy Infrastructure Trust I Up 2.14% To $2.39 After Earnings

Corenergy Infrastructure Trust I (CORR) said before open Thursday that it broke even in quarter two 2022.

In the same quarter a year ago, the company earned $0.03 per share on revenue of $32.3 million.

The stock is up 2.14% to $2.39 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Corenergy Infrastructure Trust I a Neutral Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 34. Meanwhile, the average Wall Street analyst rated the stock a Hold.

CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.

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