Infinity Natural Resources (NYSE:INR) Director Purchases $233,053.54 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman purchased 18,467 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of $12.62 per share, with a total value of $233,053.54. Following the purchase, the director owned 113,467 shares of the company’s stock, valued at approximately $1,431,953.54. The trade was a 19.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 22nd, Scott Gieselman purchased 10,000 shares of Infinity Natural Resources stock. The stock was purchased at an average price of $13.06 per share, with a total value of $130,600.00.

Infinity Natural Resources Price Performance

Shares of INR opened at $13.08 on Friday. The firm has a market cap of $829.60 million, a price-to-earnings ratio of 5.23 and a beta of -0.42. The stock has a 50 day moving average of $13.98 and a 200-day moving average of $14.71. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. Infinity Natural Resources Inc. has a 52 week low of $11.13 and a 52 week high of $19.58.

Infinity Natural Resources (NYSE:INR) last posted its earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $171.02 million during the quarter. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%. As a group, analysts forecast that Infinity Natural Resources Inc. will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INR shares. Raymond James Financial lowered their price objective on shares of Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 price target on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Texas Capital upgraded Infinity Natural Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th. Finally, Stephens dropped their price objective on Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hedge Funds Weigh In On Infinity Natural Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in INR. Versant Capital Management Inc lifted its stake 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 worth $48,000 after acquiring an additional 1,649 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Infinity Natural Resources during the 2nd quarter valued at about $139,000. Bleakley Financial Group LLC purchased a new position in Infinity Natural Resources during the 4th quarter valued at about $610,000. Quantinno Capital Management LP increased its holdings 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 purchasing an additional 10,746 shares during the period. Finally, Amova Asset Management Americas Inc. increased its holdings in shares of Infinity Natural Resources by 24.8% in the 4th quarter. Amova Asset Management Americas Inc. now owns 53,141 shares of the company’s stock valued at $782,000 after purchasing an additional 10,576 shares during the period.

Infinity Natural Resources Company Profile

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.