Revenue Update on Corenergy Infrastructure Trust Inc(NYSE:CORR)

Corenergy Infrastructure Trust Inc(NYSE:CORR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $22.06M. Analysts estimated a revenue of $21.73M. Earnings per share were $1.01. Analysts had estimated an EPS of $1.08.

In a different note, On Jun 1, 2016, Stifel Nicolaus said it Upgrades its rating on Corenergy Infrastructure Trust Inc. The shares have been rated ‘Buy’ by the firm.

Corenergy Infrastructure Trust Inc (CORR) shares turned negative on Wednesdays trading session with the shares closing down -0.25 points or -0.86% at a volume of 1,34,712. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.88. The peak price level was also seen at $28.88 while the days lowest was $28.33. Finally the shares closed at $28.66. The 52-week high of the shares is $30.98 while the 52-week low is $10.9. According to the latest information available, the market cap of the company is $340 M.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Rebecca M Sandring (Chief Accounting Officer) purchased 240 shares at $26.06 per share price.Also, On May 27, 2016, David J Schulte (CEO) purchased 350 shares at $22.80 per share price.On Aug 26, 2015, Conrad S Ciccotello (director) purchased 1,000 shares at $4.94 per share price, according to the Form-4 filing with the securities and exchange commission.

CorEnergy Infrastructure Trust Inc. is an energy infrastructure real estate investment trust. The Company is focused on acquiring and financing midstream and downstream real estate assets in the United States energy infrastructure sector. It provides other types of capital including loans secured by energy infrastructure assets. Its focus of assets includes pipelines storage tanks transmission lines and gathering systems among others. Its assets include Pinedale Liquids Gathering System (Pinedale LGS) Portland Terminal Facility MoGas Pipeline System Eastern Interconnect Project and Omega Pipeline. Its subsidiaries holding its securities portfolios and operating businesses are Corridor Public Holdings Inc. and its wholly owned subsidiary Corridor Private Holdings Inc (CorPrivate); Mowood Corridor Inc. and its wholly owned subsidiary Mowood LLC (Mowood); Corridor MoGas Inc. (CorMoGas); CorEnergy BBWS Inc. (BBWS) and Corridor Leeds Path West Inc. (Leeds Path West).

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