Infinity Natural Resources Inc. (INR) – What Are Researchers Thinking About This Stock?

Infinity Natural Resources Inc. (NYSE:INR) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.83.

INR has been the topic of a number of recent research reports. 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 report on Wednesday, July 8th. Raymond James Financial reduced their target price on shares of Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 8th. Zacks Research lowered shares of Infinity Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Scotiabank started coverage on shares of Infinity Natural Resources in a report on Wednesday, October 14th. They issued a “sector outperform” rating and a $17.00 price target on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th.

Insider Buying and Selling

In other news, Director Scott Gieselman purchased 10,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average cost of $13.06 per share, with a total value of $130,600.00. Following the completion of the acquisition, the director owned 123,467 shares of the company’s stock, valued at $1,612,479.02. This trade represents a 8.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Cary D. Baetz purchased 22,000 shares of Infinity Natural Resources stock in a transaction dated Thursday, September 24th. The shares were acquired at an average cost of $13.44 per share, for a total transaction of $295,680.00. Following the completion of the transaction, the chief financial officer owned 22,000 shares of the company’s stock, valued at approximately $295,680. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 50,783 shares of company stock valued at $663,625 in the last three months. 40.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in Infinity Natural Resources by 76.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock valued at $48,000 after buying an additional 1,649 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Infinity Natural Resources in the second quarter valued at about $139,000. Quantinno Capital Management LP raised its stake in Infinity Natural Resources by 28.5% in the first quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock valued at $853,000 after buying an additional 10,746 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Infinity Natural Resources in the second quarter worth about $892,000. Finally, Royal Bank of Canada boosted its holdings in Infinity Natural Resources by 116.3% in the first quarter. Royal Bank of Canada now owns 59,946 shares of the company’s stock worth $1,056,000 after acquiring an additional 32,227 shares in the last quarter.

Infinity Natural Resources Stock Performance

Shares of NYSE:INR opened at $14.52 on Friday. The company has a market capitalization of $920.73 million, a price-to-earnings ratio of 5.81 and a beta of -0.30. Infinity Natural Resources has a 52 week low of $11.13 and a 52 week high of $19.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $14.03 and a 200 day moving average of $14.77.

Infinity Natural Resources (NYSE:INR) last posted its 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. 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%. On average, sell-side analysts predict that Infinity Natural Resources will post 3.23 earnings per share for the current fiscal year.

Infinity Natural Resources Company Profile

Infinity Natural Resources, Inc (NYSE: INR) is an independent exploration and production company focused on developing and producing oil, natural gas and natural gas liquids. The company’s operations are concentrated in the Appalachian Basin, one of the most significant hydrocarbon-producing regions in the United States.

Infinity Natural Resources primarily holds and develops acreage in West Virginia and Ohio. Its activities include drilling and completing horizontal wells, operating producing properties, and managing the infrastructure needed to gather and transport hydrocarbons to market.