Infinity Natural Resources (NYSE:INR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Infinity Natural Resources (NYSE:INR) from a hold rating to a strong-buy rating in a research note released on Saturday.

A number of other brokerages also recently issued reports on INR. Weiss Ratings assumed coverage on shares of Infinity Natural Resources in a research report on Thursday, February 5th. They issued a “sell (d)” rating for the company. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Infinity Natural Resources currently has a consensus rating of “Reduce”.

Infinity Natural Resources Stock Up 1.8%

INR opened at $18.49 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 21.01 and a beta of 0.22. Infinity Natural Resources has a 1 year low of $11.13 and a 1 year high of $19.90.

Infinity Natural Resources (NYSE:INR) last announced its earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a net margin of 4.04% and a return on equity of 10.40%. The company had revenue of $117.06 million during the quarter.

Hedge Funds Weigh In On Infinity Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Connors Investor Services Inc. purchased a new position in shares of Infinity Natural Resources in the 4th quarter worth about $191,000. Bleakley Financial Group LLC purchased a new stake in Infinity Natural Resources during the fourth quarter worth about $610,000. Geode Capital Management LLC increased its holdings in Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after buying an additional 4,618 shares during the last quarter. 1492 Capital Management LLC raised its position in Infinity Natural Resources by 5.6% in the fourth quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock worth $3,816,000 after acquiring an additional 13,759 shares during the period. Finally, Franklin Resources Inc. raised its position in Infinity Natural Resources by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock worth $19,136,000 after acquiring an additional 137,247 shares during the period.

About Infinity Natural Resources

We are a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Additionally, we have proven our ability to grow our acreage position through organic leasing efforts and accretive acquisitions.