Analysts Set American Noble Gas Inc. (NYSE:INFY) Price Target at $16.89

American Noble Gas Inc. (NYSE:INFY) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.8871.

Several analysts have weighed in on the company. Jefferies Financial Group cut American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price objective on the stock. in a research report on Monday. TD Cowen increased their price objective on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Stifel Nicolaus lowered their price objective on American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Finally, BMO Capital Markets upped their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, January 15th.

Hedge Funds Weigh In On American Noble Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after buying an additional 3,804 shares during the last quarter. NewEdge Advisors LLC lifted its stake in American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 24,426 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of American Noble Gas during the 1st quarter valued at about $239,000. Institutional investors own 16.20% of the company’s stock.

American Noble Gas Trading Up 3.2%

Shares of American Noble Gas stock opened at $14.70 on Tuesday. American Noble Gas has a 12-month low of $13.65 and a 12-month high of $30.00. The company has a market cap of $59.47 billion, a P/E ratio of 19.09, a PEG ratio of 2.12 and a beta of 0.98. The company’s fifty day simple moving average is $17.25 and its two-hundred day simple moving average is $17.09.

American Noble Gas (NYSE:INFY) last announced its earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. Analysts predict that American Noble Gas will post 0.74 EPS for the current fiscal year.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.