Scott Gieselman Buys 20,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $14.10 per share, for a total transaction of $282,000.00. Following the transaction, the director owned 70,900 shares of the company’s stock, valued at $999,690. The trade was a 39.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Scott Gieselman also recently made the following trade(s):

• On Friday, May 22nd, Scott Gieselman bought 900 shares of Infinity Natural Resources stock. The stock was purchased at an average price of $14.34 per share, for a total transaction of $12,906.00.

Infinity Natural Resources Stock Up 2.2%

Shares of NYSE INR opened at $13.82 on Friday. The firm has a 50 day moving average price of $16.25. The stock has a market capitalization of $877.98 million, a price-to-earnings ratio of 4.94 and a beta of -0.33. Infinity Natural Resources Inc. has a 52 week low of $11.13 and a 52 week high of $19.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98.

Infinity Natural Resources (NYSE:INR) last issued its earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%.The firm had revenue of $117.06 million for the quarter. As a group, research analysts expect that Infinity Natural Resources Inc. will post 3.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup raised their price target on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, KeyCorp raised 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. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in INR. Bank of New York Mellon Corp raised its stake in Infinity Natural Resources by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock valued at $1,136,000 after purchasing an additional 1,429 shares during the last quarter. Barclays PLC raised its stake in Infinity Natural Resources by 10.5% in the 4th quarter. Barclays PLC now owns 24,458 shares of the company’s stock valued at $360,000 after purchasing an additional 2,334 shares during the last quarter. Invesco Ltd. raised 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 valued at $248,000 after purchasing an additional 2,643 shares during the last quarter. Geode Capital Management LLC raised its stake in Infinity Natural Resources by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after purchasing an additional 4,618 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources in the 4th quarter valued at $75,000.

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.