Scott Gieselman Purchases 20,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 20,000 shares of Infinity Natural Resources stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $14.10 per share, with a total value of $282,000.00. Following the purchase, the director owned 70,900 shares in the company, valued at $999,690. The trade was a 39.29% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Scott Gieselman also recently made the following trade(s):

• On Friday, May 22nd, Scott Gieselman acquired 900 shares of Infinity Natural Resources stock. The stock was acquired at an average cost of $14.34 per share, with a total value of $12,906.00.

Infinity Natural Resources Price Performance

Shares of INR stock traded down $0.18 on Wednesday, hitting $13.59. The company’s stock had a trading volume of 439,995 shares, compared to its average volume of 283,809. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.90. The firm’s fifty day moving average price is $16.43. The firm has a market cap of $863.25 million, a PE ratio of 4.85 and a beta of -0.33.

Infinity Natural Resources (NYSE:INR) last released its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. The business had revenue of $117.06 million during the quarter. Analysts predict that Infinity Natural Resources Inc. will post 3.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INR has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Zacks Research upgraded shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. KeyCorp lifted their target price on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Citigroup lifted their target price on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT acquired a new position in shares of Infinity Natural Resources during the fourth quarter valued at about $75,000. Connors Investor Services Inc. acquired a new position in shares of Infinity Natural Resources during the fourth quarter valued at about $191,000. Lazard Asset Management LLC acquired a new position in shares of Infinity Natural Resources during the fourth quarter valued at about $219,000. Invesco Ltd. raised its position in shares of Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after buying an additional 2,643 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Infinity Natural Resources by 51.9% during the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after buying an additional 5,891 shares during the last quarter.

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.