David Poole Buys 4,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole acquired 4,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $13.50 per share, with a total value of $54,000.00. Following the transaction, the director directly owned 27,646 shares of the company’s stock, valued at $373,221. The trade was a 16.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Infinity Natural Resources Stock Performance

Shares of INR traded down $1.36 during trading hours on Thursday, reaching $12.50. 656,355 shares of the company traded hands, compared to its average volume of 411,013. The firm has a fifty day moving average of $15.34. The firm has a market cap of $793.87 million, a PE ratio of 4.46 and a beta of -0.54. 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 Inc. has a 1-year low of $11.13 and a 1-year high of $19.90.

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

Institutional Trading of Infinity Natural Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INR. CIBC Private Wealth Group LLC lifted its position in shares of Infinity Natural Resources by 87.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock worth $10,540,000 after purchasing an additional 333,972 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Infinity Natural Resources by 285.3% during the first quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock worth $5,936,000 after purchasing an additional 249,600 shares in the last quarter. Thomist Capital Management LP acquired a new position in shares of Infinity Natural Resources during the fourth quarter worth approximately $3,082,000. Sei Investments Co. lifted its position in shares of Infinity Natural Resources by 153.6% during the first quarter. Sei Investments Co. now owns 275,422 shares of the company’s stock worth $4,850,000 after purchasing an additional 166,810 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Infinity Natural Resources by 103.5% during the first quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after purchasing an additional 165,690 shares in the last quarter.

Wall Street Analysts Forecast Growth

INR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research 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, May 26th. KeyCorp upped their price objective 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 cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Citigroup lowered their target price on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.00.

Infinity Natural Resources Company Profile

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.