Infinity Natural Resources (NYSE:INR) Trading Down 3.9% – Should You Sell?

Shares of Infinity Natural Resources Inc. (NYSE:INR) dropped 3.9% on Tuesday . The stock traded as low as $18.01 and last traded at $17.7260. Approximately 108,622 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 226,648 shares. The stock had previously closed at $18.45.

Wall Street Analysts Forecast Growth

INR has been the topic of several analyst reports. Citigroup lifted their price target on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. 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. Weiss Ratings initiated coverage on Infinity Natural Resources in a research note on Thursday, February 5th. They set a “sell (d)” rating for the company. KeyCorp lifted their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Wall Street Zen raised Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Infinity Natural Resources currently has an average rating of “Hold” and an average price target of $24.50.

Infinity Natural Resources Stock Down 2.9%

The company has a market capitalization of $1.08 billion, a PE ratio of 19.42 and a beta of -0.11. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49.

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

Insider Activity at Infinity Natural Resources

In related news, insider David Sproule sold 275,000 shares of Infinity Natural Resources stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $4,793,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Infinity Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of INR. Franklin Resources Inc. lifted its holdings in Infinity Natural Resources by 11.8% during the 4th quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock worth $19,136,000 after buying an additional 137,247 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Infinity Natural Resources by 87.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock valued at $10,540,000 after acquiring an additional 333,972 shares in the last quarter. Yaupon Capital Management LP raised its position in shares of Infinity Natural Resources by 25.2% during the 4th quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock valued at $6,884,000 after acquiring an additional 94,104 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 4,618 shares during the last quarter. Finally, State Street Corp boosted its holdings in Infinity Natural Resources by 19.9% in the fourth quarter. State Street Corp now owns 343,138 shares of the company’s stock worth $5,054,000 after purchasing an additional 56,886 shares during the period.

Infinity Natural Resources Company Profile

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.