American Noble Gas (NYSE:INFY) Shares Up 36.5% – What’s Next?

American Noble Gas Inc. (NYSE:INFY) was up 36.5% during mid-day trading on Friday . The company traded as high as $20.78 and last traded at $26.1850. Approximately 7,778,357 shares were traded during trading, a decline of 43% from the average daily volume of 13,584,598 shares. The stock had previously closed at $19.18.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on INFY shares. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a report on Monday. TD Cowen cut their target price on shares of American Noble Gas from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, October 17th. BMO Capital Markets lowered their price target on American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Rothschild Redb upgraded American Noble Gas to a “strong sell” rating in a research note on Wednesday, September 3rd. Finally, Rothschild & Co Redburn started coverage on American Noble Gas in a research report on Wednesday, September 3rd. They set a “sell” rating and a $12.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.65.

American Noble Gas Stock Performance

The stock has a market cap of $84.25 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.01 and a beta of 1.00. The business’s 50-day moving average price is $17.19 and its 200-day moving average price is $17.35.

American Noble Gas (NYSE:INFY) last released its earnings results on Thursday, October 16th. The technology company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. American Noble Gas had a return on equity of 29.40% and a net margin of 16.58%.The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.04 billion. As a group, equities research analysts expect that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Aprio Wealth Management LLC lifted its stake in shares of American Noble Gas by 26.8% during the 1st quarter. Aprio Wealth Management LLC now owns 13,438 shares of the technology company’s stock valued at $245,000 after buying an additional 2,839 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in American Noble Gas by 25.6% during the first quarter. Focus Partners Advisor Solutions LLC now owns 18,665 shares of the technology company’s stock valued at $341,000 after acquiring an additional 3,800 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American Noble Gas by 6.4% in 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 acquiring an additional 3,804 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of American Noble Gas by 0.4% in the first quarter. Panagora Asset Management Inc. now owns 1,260,318 shares of the technology company’s stock worth $23,001,000 after acquiring an additional 5,583 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of American Noble Gas by 329.0% in the first quarter. Brooklyn Investment Group now owns 10,192 shares of the technology company’s stock worth $186,000 after acquiring an additional 7,816 shares during the period. 16.20% of the stock is currently owned by institutional investors.

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.