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

Infinity Natural Resources Inc. (NYSE:INR) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.83.

Several analysts recently weighed in on the company. Weiss Ratings raised Infinity Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Zacks Research cut shares of Infinity Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Citigroup reissued a “buy” rating on shares of Infinity Natural Resources in a research note on Wednesday, August 19th. Raymond James Financial dropped their price target on Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada cut their price objective on Infinity Natural Resources from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th.

Insider Activity

In other news, Director Scott Gieselman bought 18,467 shares of the company’s stock in a transaction on Monday, September 21st. The stock was purchased at an average cost of $12.62 per share, for a total transaction of $233,053.54. Following the completion of the transaction, the director owned 113,467 shares of the company’s stock, valued at $1,431,953.54. This trade represents a 19.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Cary Baetz purchased 22,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were purchased at an average cost of $13.44 per share, for a total transaction of $295,680.00. Following the completion of the purchase, the chief financial officer directly owned 22,000 shares of the company’s stock, valued at approximately $295,680. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 50,783 shares of company stock valued at $663,625 over the last quarter. Corporate insiders own 40.90% of the company’s stock.

Institutional Investors Weigh In On Infinity Natural Resources

Several 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% in the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock valued at $48,000 after acquiring an additional 1,649 shares during the period. Engineers Gate Manager LP bought a new stake in Infinity Natural Resources in the second quarter valued at approximately $139,000. Cowa LLC bought a new stake in Infinity Natural Resources in the third quarter valued at approximately $189,000. Quantinno Capital Management LP increased its position in Infinity Natural Resources by 28.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock valued at $853,000 after purchasing an additional 10,746 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Infinity Natural Resources during the 2nd quarter valued at approximately $892,000.

Infinity Natural Resources Stock Performance

NYSE INR opened at $13.71 on Friday. Infinity Natural Resources has a 1 year low of $11.13 and a 1 year high of $19.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $869.42 million, a P/E ratio of 3.03 and a beta of -0.43. The firm’s fifty day moving average price is $13.99 and its two-hundred day moving average price is $14.76.

Infinity Natural Resources (NYSE:INR) last released its quarterly earnings data on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%. The company had revenue of $171.02 million during the quarter. As a group, research analysts anticipate that Infinity Natural Resources will post 3.23 EPS for the current 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.