SNMP - Watch for Continued Gains in Shares of Evolve Transition Infrastructure LP (SNMP)
Shares of Evolve Transition Infrastructure LP (NYSE American:SNMP) traded at a new 52-week high today of $1.93. This new high was reached on approximately average trading volume as 4.4 million shares traded hands, while the average 30-day volume is approximately 5.2 million shares.
Evolve Transition Infrastructure LP (NYSE American:SNMP) defies analysts with a current price ($1.85) 3.4% above its average consensus price target of $1.79.
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.
In the past 52 weeks, Evolve Transition Infrastructure LP share prices are bracketed by a low of $0.26 and a high of $1.93 and is now at $1.85, 601% above that low price.
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