SNMP - Evolve Transition Infrastructure LP: The Winning Streak Continues (SNMP)
Shares of Evolve Transition Infrastructure LP (NYSE American:SNMP) traded today at $1.84, eclipsing its 52-week high. So far today approximately 5.1 million shares have been exchanged, as compared to an average 30-day volume of 4.6 million shares.
Evolve Transition Infrastructure LP is focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. It owns natural gas gathering systems, pipelines, and processing facilities in South Texas and continue to pursue energy transition infrastructure opportunities. Its business consists of two reportable segments: Production and Midstream. Midstream operates the gathering, processing and transportation of natural gas, NGLs and crude oil. The Production segment operates to produce crude oil and natural gas.
There is potential upside of 3.4% for shares of Evolve Transition Infrastructure LP based on a current price of $1.73 and an average consensus analyst price target of $1.79.
In the past 52 weeks, shares of Evolve Transition Infrastructure LP have traded between a low of $0.26 and a high of $1.84 and is now at $1.73, which is 555% above that low price.
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