Infinity Natural Resources Inc. (NYSE:INR) Given Average Recommendation of “Moderate Buy” by Analysts

Infinity Natural Resources Inc. (NYSE:INR) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of analysts have recently weighed in on the company. Texas Capital upgraded Infinity Natural Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Zacks Research downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Citigroup reiterated a “buy” rating on shares of Infinity Natural Resources in a research note on Wednesday, August 19th. Finally, Stephens reduced their price target on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th.

Insider Transactions at Infinity Natural Resources

In other news, Director Scott Gieselman bought 10,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $12.94 per share, for a total transaction of $129,400.00. Following the transaction, the director owned 95,000 shares in the company, valued at approximately $1,229,300. This trade represents a 11.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven Gray purchased 25,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $12.81 per share, for a total transaction 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 40.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new position in shares of Infinity Natural Resources in the second quarter worth $139,000. California State Teachers Retirement System lifted its holdings in Infinity Natural Resources by 224.7% in the second quarter. California State Teachers Retirement System now owns 2,883 shares of the company’s stock worth $37,000 after purchasing an additional 1,995 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Infinity Natural Resources in the second quarter worth about $1,116,000. Bank of New York Mellon Corp bought a new position in Infinity Natural Resources in the 2nd quarter valued at about $892,000. Finally, Versant Capital Management Inc grew its position in Infinity Natural Resources by 76.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock valued at $48,000 after buying an additional 1,649 shares in the last quarter.

Infinity Natural Resources Stock Performance

Shares of INR opened at $15.18 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.87 and a quick ratio of 0.87. Infinity Natural Resources has a 12-month low of $11.13 and a 12-month high of $19.58. The business’s fifty day moving average price is $13.77 and its 200 day moving average price is $14.97. The stock has a market capitalization of $962.91 million, a PE ratio of 6.07 and a beta of -0.42.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Infinity Natural Resources had a net margin of 11.64% and a return on equity of 33.39%. The company had revenue of $171.02 million for the quarter. Equities research analysts forecast that Infinity Natural Resources will post 3.43 EPS for the current year.

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.