CorEnergy Infrastructure (NYSE: CORR) shares currently have a dividend yield of 7.30%. CorEnergy Infrastructure Trust, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It is co-managed by Kenmont Investments Management, L.P. The fund invests in the public equity markets of the United States. The company has a P/E ratio of 5.13. Currently there is 1 analyst that rates CorEnergy Infrastructure a buy, no analysts rate it a sell, and 3 rate it a hold. The average volume for CorEnergy Infrastructure has been 211,100 shares per day over the past 30 days. CorEnergy Infrastructure has a market cap of $166.1 million and is part of the utilities industry. Shares are up 15.3% year to date as of the close of trading on Friday. TheStreet Ratings rates CorEnergy Infrastructure as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Capital Markets industry average. The net income increased by 76.8% when compared to the same quarter one year prior, rising from -$1.57 million to -$0.36 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.8%. Since the same quarter one year prior, revenues slightly increased by 4.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Capital Markets industry and the overall market on the basis of return on equity, CORENERGY INFRASTRUCTURE TR has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- CORENERGY INFRASTRUCTURE TR reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, CORENERGY INFRASTRUCTURE TR increased its bottom line by earning $1.35 versus $0.31 in the prior year. For the next year, the market is expecting a contraction of 79.3% in earnings ($0.28 versus $1.35).
- CORR has underperformed the S&P 500 Index, declining 22.53% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- You can view the full CorEnergy Infrastructure Ratings Report.
- Our dividend calendar.
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