JPMorgan Securities LLC has recently announced that it has increased stake in Evolve Transition Infrastructure LP (AMEX:SNMP) by 18.75%. After grabbing 0.59 million shares, the institutional investor is now in possession of 93727.0 shares of the Energy Company. The new investment brought the stake of investor firm to 0.30% having worth around $96183.0. Moreover, Jane Street Capital LLC increased its share by 0.12 million to have a control over 0.12 million shares. And BNP Paribas Arbitrage SNC raised its holdings to 34274.0 shares by acquiring 34274.0 shares or 0.02% of the stake.
Evolve Transition Infrastructure LP (SNMP) concluded trading on 01/11/23 at a closing price of $0.15, with 0.45 million shares of worth about $67596.59999999999 changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -63.07% during that period and on Wednesday the price saw a gain of about 9.99%. Currently the company’s common shares owned by public are about 173.67M shares, out of which, 2.02M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the SNMP stock and their offered price forecasts bring an average price target of $2.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $2.00. However, touching the estimated high of $2.00 would mean a gain of 92.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 104,109,542 shares in 4 of the transactions. In 1 selling transactions, insiders dumped 3,251,136 shares.
The company recently came buying 0.0 shares which brought its stake up to 0.88% of the company’s outstanding shares.
Evolve Transition Infrastructure LP (AMEX: SNMP) started trading at $0.14, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.1499, or with a gain of 9.99%. Stock saw a price change of 7.27% in past 5 days and over the past one month there was a price change of -26.03%. Year-to-date (YTD), SNMP shares are showing a performance of 22.92% which decreased to -71.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.10 but also hit the highest price of $1.25 during that period. The average intraday trading volume for Evolve Transition Infrastructure LP shares is 324.36K. The stock is currently trading -3.25% below its 20-day simple moving average (SMA20), while that difference is down -20.24% for SMA50 and it goes to -60.34% lower than SMA200.
JPMorgan Securities LLC acquired 0.59 million shares of Evolve Transition Infrastructure LP having value of about $96183.0. Data submitted at the U.S SEC by JPMorgan Securities LLC revealed that the firm now holds 93727.0 shares in the company valued at close to $14059.05, or have control over 18.75% stake in the company. Evolve Transition Infrastructure LP (AMEX: SNMP) currently have 173.67M outstanding shares and institutions hold larger chunk of about 87.30% of that. Holding of mutual funds in the company is about 0.88% while other institutional holders and individual stake holders have control over 94.92% and 0.50% of the stake respectively.
The stock has a current market capitalization of $25.62M. It has posted earnings per share of -$1.36 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNMP, volatility over the week remained 15.86% while standing at 15.58% over the month.
Analysts are in expectations that Evolve Transition Infrastructure LP (SNMP) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.53 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Evolve Transition Infrastructure LP (SNMP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.