Infinity Natural Resources (NYSE:INR) Releases Quarterly Earnings Results

Infinity Natural Resources (NYSE:INR) announced its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $117.06 million during the quarter. Infinity Natural Resources had a negative return on equity of 6.20% and a negative net margin of 3.79%.

Infinity Natural Resources Stock Down 3.0%

Shares of INR stock traded down $0.54 on Tuesday, reaching $17.45. 238,540 shares of the company were exchanged, compared to its average volume of 188,664. The stock has a market capitalization of $1.06 billion, a P/E ratio of -39.67 and a beta of 0.22. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.26. Infinity Natural Resources has a 1 year low of $11.13 and a 1 year high of $19.90.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INR. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday. Weiss Ratings assumed coverage on Infinity Natural Resources in a research note on Thursday, February 5th. They set a “sell (d)” rating for the company. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Infinity Natural Resources presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources in the fourth quarter valued at approximately $75,000. Connors Investor Services Inc. purchased a new stake in Infinity Natural Resources in the fourth quarter valued at $191,000. Lazard Asset Management LLC purchased a new stake in Infinity Natural Resources in the fourth quarter valued at $219,000. Invesco Ltd. lifted its stake in shares of Infinity Natural Resources by 18.6% in the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after purchasing an additional 2,643 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Infinity Natural Resources during the 4th quarter worth $254,000.

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.