Infinity Natural Resources (NYSE:INR) Stock Price Up 8.7% – Should You Buy?

Infinity Natural Resources Inc. (NYSE:INR)’s stock price was up 8.7% during mid-day trading on Monday . The company traded as high as $14.01 and last traded at $14.1080. 149,183 shares were traded during trading, a decline of 52% from the average session volume of 313,407 shares. The stock had previously closed at $12.98.

Analysts Set New Price Targets

INR has been the subject of a number of research analyst reports. Wall Street Zen cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Friday, July 31st. Stephens lowered their target price on Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $27.00 target price on shares of Infinity Natural Resources in a report on Tuesday, July 7th. Finally, Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Infinity Natural Resources Stock Performance

The stock has a fifty day moving average price of $12.95. The company has a market capitalization of $892.28 million, a PE ratio of 5.05 and a beta of -0.52. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87.

Insider Activity

In other Infinity Natural Resources news, Director Steven D. Gray acquired 25,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $12.81 per share, with a total value of $320,250.00. Following the purchase, the director directly owned 40,000 shares of the company’s stock, valued at $512,400. This trade represents a 166.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Quinn bought 44,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $13.19 per share, for a total transaction of $580,360.00. Following the completion of the purchase, the director owned 54,503 shares of the company’s stock, valued at $718,894.57. This represents a 418.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 111,400 shares of company stock worth $1,483,841 in the last three months. Corporate insiders own 40.90% of the company’s stock.

Institutional Trading of Infinity Natural Resources

A number of hedge funds have recently bought and sold shares of the business. Connors Investor Services Inc. bought a new position in shares of Infinity Natural Resources during the 4th quarter worth $191,000. Bleakley Financial Group LLC purchased a new stake in Infinity Natural Resources in the 4th quarter worth approximately $610,000. Geode Capital Management LLC boosted 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 valued at $5,109,000 after buying an additional 4,618 shares during the period. 1492 Capital Management LLC grew its holdings in shares of Infinity Natural Resources by 5.6% during the fourth quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock worth $3,816,000 after purchasing an additional 13,759 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Infinity Natural Resources by 11.8% in 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 in the last quarter.

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.