Insider Buying: Infinity Natural Resources (NYSE:INR) Director Acquires 44,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director William Quinn purchased 44,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.19 per share, with a total value of $580,360.00. Following the completion of the purchase, the director directly owned 54,503 shares of the company’s stock, valued at $718,894.57. The trade was a 418.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Infinity Natural Resources Trading Up 3.1%

NYSE:INR traded up $0.41 on Monday, hitting $13.57. 599,743 shares of the stock were exchanged, compared to its average volume of 460,607. The stock has a market capitalization of $862.36 million, a PE ratio of 2.68 and a beta of -0.54. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. The business has a fifty day moving average of $15.65. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.90.

Infinity Natural Resources (NYSE:INR) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.65 by $0.67. The company had revenue of $117.06 million during the quarter. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%. As a group, analysts predict that Infinity Natural Resources Inc. will post 3.29 earnings per share for the current year.

Analyst Ratings Changes

INR has been the subject of several analyst reports. Citigroup decreased their target price on Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. KeyCorp upped their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Zacks Research downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INR. Zions Bancorporation National Association UT purchased a new position in Infinity Natural Resources in the fourth quarter valued at about $75,000. Connors Investor Services Inc. purchased a new position in Infinity Natural Resources in the fourth quarter valued at about $191,000. Lazard Asset Management LLC purchased a new position in Infinity Natural Resources in the fourth quarter valued at about $219,000. Invesco Ltd. boosted its holdings in Infinity Natural Resources by 18.6% in the fourth 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, Wells Fargo & Company MN boosted its holdings in Infinity Natural Resources by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after purchasing an additional 5,891 shares during the last quarter.

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.