Infinity Natural Resources (NYSE:INR) Director Acquires 10,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman bought 10,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $13.06 per share, for a total transaction of $130,600.00. Following the completion of the purchase, the director directly owned 123,467 shares in the company, valued at approximately $1,612,479.02. The trade was a 8.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 21st, Scott Gieselman bought 18,467 shares of Infinity Natural Resources stock. The stock was purchased at an average cost of $12.62 per share, for a total transaction of $233,053.54.

Infinity Natural Resources Stock Performance

INR traded up $0.02 during trading on Wednesday, reaching $13.05. The company’s stock had a trading volume of 210,475 shares, compared to its average volume of 309,451. Infinity Natural Resources Inc. has a 52-week low of $11.13 and a 52-week high of $19.58. The company’s fifty day moving average price is $13.96 and its 200-day moving average price is $14.79. The company has a market capitalization of $827.88 million, a price-to-earnings ratio of 5.22 and a beta of -0.42. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.87 and a current ratio of 0.87.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share 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 business had revenue of $171.02 million for the quarter. On average, equities analysts forecast that Infinity Natural Resources Inc. will post 3.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INR shares. Texas Capital raised Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Infinity Natural Resources in a report on Tuesday, July 7th. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Stephens dropped their price target on Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Raymond James Financial cut their price target on Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hedge Funds Weigh In On Infinity Natural Resources

A number of institutional investors have recently modified their holdings of INR. Bank of New York Mellon Corp increased its stake in Infinity Natural Resources by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock valued at $1,136,000 after purchasing an additional 1,429 shares during the last quarter. Versant Capital Management Inc grew its stake in Infinity Natural Resources by 76.8% during the second quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock worth $48,000 after buying an additional 1,649 shares during the period. CI Investments Inc. increased its position in shares of Infinity Natural Resources by 3.3% in the first quarter. CI Investments Inc. now owns 275,132 shares of the company’s stock worth $4,845,000 after acquiring an additional 8,673 shares in the last quarter. Amova Asset Management Americas Inc. increased its position in shares of Infinity Natural Resources by 24.8% in the fourth quarter. Amova Asset Management Americas Inc. now owns 53,141 shares of the company’s stock worth $782,000 after acquiring an additional 10,576 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Infinity Natural Resources by 28.5% in the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock valued at $853,000 after acquiring an additional 10,746 shares during the period.

About Infinity Natural Resources

Infinity Natural Resources, Inc (NYSE:INR) is an independent oil and natural gas exploration and production company focused on the Appalachian Basin. The company develops and operates unconventional oil and gas properties primarily in Ohio and West Virginia, where it targets formations including the Marcellus and Utica shales.

Its production portfolio includes natural gas, natural gas liquids and crude oil. Infinity Natural Resources is involved in the drilling, completion and operation of horizontal wells, as well as related gathering and infrastructure activities needed to transport its production to market.

The company was established in 2017 and has built its business around operated acreage and development opportunities in the Appalachian region.