Infinity Natural Resources (NYSE:INR) Director Steven Gray Acquires 25,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Steven Gray acquired 25,000 shares of Infinity Natural Resources stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $12.81 per share, with a total value of $320,250.00. Following the transaction, the director owned 40,000 shares of the company’s stock, valued at $512,400. This trade represents a 166.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Infinity Natural Resources Stock Up 4.8%

Shares of NYSE:INR opened at $13.11 on Friday. 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 firm has a market capitalization of $833.13 million, a P/E ratio of 4.68 and a beta of -0.54. Infinity Natural Resources Inc. has a 52 week low of $11.13 and a 52 week high of $19.90. The firm has a 50-day moving average price of $15.26.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. The company had revenue of $117.06 million during the quarter. Analysts expect that Infinity Natural Resources Inc. will post 3.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. KeyCorp lifted their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Citigroup cut their price objective 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.00.

Institutional Trading of Infinity Natural Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Infinity Natural Resources in the 4th quarter worth approximately $75,000. Connors Investor Services Inc. purchased a new stake in Infinity Natural Resources in the 4th quarter worth approximately $191,000. Lazard Asset Management LLC purchased a new stake in Infinity Natural Resources in the 4th quarter worth approximately $219,000. Invesco Ltd. grew its stake in Infinity Natural Resources by 18.6% in the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after acquiring an additional 2,643 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Infinity Natural Resources by 51.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock worth $254,000 after acquiring an additional 5,891 shares during the period.

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.