American Noble Gas (NYSE:INFY) Trading Down 6.3% – Time to Sell?

American Noble Gas Inc. (NYSE:INFY)’s stock price was down 6.3% during trading on Monday . The stock traded as low as $18.78 and last traded at $18.9450. Approximately 4,352,504 shares traded hands during trading, a decline of 69% from the average daily volume of 14,013,218 shares. The stock had previously closed at $20.22.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INFY. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 15th. Rothschild Redb raised American Noble Gas to a “strong sell” rating in a research report on Wednesday, September 3rd. TD Cowen reduced their price objective on American Noble Gas from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, October 17th. Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a research report on Wednesday, September 3rd. They set a “sell” rating and a $12.00 target price on the stock. Finally, BMO Capital Markets cut their target price on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.65.

American Noble Gas Stock Performance

The stock has a market capitalization of $78.75 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.34 and a beta of 1.00. The business’s 50-day moving average is $17.27 and its two-hundred day moving average is $17.36.

American Noble Gas (NYSE:INFY) last released its earnings results on Thursday, October 16th. The technology company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Equities analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. OLD Mission Capital LLC acquired a new stake in shares of American Noble Gas in the first quarter valued at about $204,000. Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas during the 1st quarter valued at about $239,000. Aprio Wealth Management LLC increased its position in American Noble Gas by 26.8% during the first quarter. Aprio Wealth Management LLC now owns 13,438 shares of the technology company’s stock worth $245,000 after buying an additional 2,839 shares in the last quarter. Ascent Group LLC acquired a new stake in shares of American Noble Gas during the 1st quarter worth about $251,000. Finally, Focus Partners Advisor Solutions LLC grew its stake in American Noble Gas by 25.6% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 18,665 shares of the technology company’s stock worth $341,000 after acquiring an additional 3,800 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.