StockNews.com Initiates Coverage on Evolve Transition Infrastructure (NYSE:SNMP)

StockNews.com began coverage on shares of Evolve Transition Infrastructure (NYSE:SNMPGet Rating) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Shares of SNMP stock opened at $0.52 on Wednesday. Evolve Transition Infrastructure has a 12 month low of $0.30 and a 12 month high of $1.93. The firm has a market capitalization of $76.80 million, a price-to-earnings ratio of -0.17 and a beta of -0.20. The stock’s 50 day simple moving average is $0.57.

Evolve Transition Infrastructure Company Profile (Get Rating)

Evolve Transition Infrastructure LP, together with its subsidiaries, engages in the acquisition, development, ownership, and operation of infrastructure for the transition of energy supply to lower carbon sources in the United States. The company engages in gathering, processing, and transporting natural gas, NGLs, and crude oil.

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