CorEnergy Infrastructure (NYSE: CORR) shares currently have a dividend yield of 7.50%. CorEnergy Infrastructure Trust, Inc. is a trust launched and managed by Corridor InfraTrust Management, LLC. The trust primarily owns midstream and downstream U.S. energy infrastructure assets subject to long-term triple net participating leases with energy companies. The company has a P/E ratio of 4.96. The average volume for CorEnergy Infrastructure has been 46,500 shares per day over the past 30 days. CorEnergy Infrastructure has a market cap of $160.6 million and is part of the utilities industry. Shares are up 10.7% year to date as of the close of trading on Thursday. TheStreet Ratings rates CorEnergy Infrastructure as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Highlights from the ratings report include:
- CORR's very impressive revenue growth greatly exceeded the industry average of 8.7%. Since the same quarter one year prior, revenues leaped by 254.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- 42.78% is the gross profit margin for CORENERGY INFRASTRUCTURE TR which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, CORR's net profit margin of 0.92% significantly trails the industry average.
- Net operating cash flow has significantly increased by 208.65% to $6.46 million when compared to the same quarter last year. Despite an increase in cash flow of 208.65%, CORENERGY INFRASTRUCTURE TR is still growing at a significantly lower rate than the industry average of 349.89%.
- CORENERGY INFRASTRUCTURE TR has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings 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 83.3% in earnings ($0.23 versus $1.35).
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 25.51%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 100.00% compared to the year-earlier quarter. Looking ahead, the stock's sharp decline over the past year may have been what was needed in order to bring its value into alignment with its fundamentals and others in its industry.
- You can view the full CorEnergy Infrastructure Ratings Report.
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