American Noble Gas (NYSE:INFY) Sets New 12-Month Low – Should You Sell?

Shares of American Noble Gas Inc. (NYSE:INFY) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.59 and last traded at $13.8350, with a volume of 5113256 shares traded. The stock had previously closed at $14.04.

Analysts Set New Price Targets

INFY has been the subject of several recent analyst reports. Jefferies Financial Group lowered American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price target for the company. in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. BMO Capital Markets boosted their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, January 15th. TD Cowen upped their target price on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Finally, Stifel Nicolaus dropped their price target on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Noble Gas presently has a consensus rating of “Hold” and a consensus price target of $16.89.

American Noble Gas Stock Down 1.6%

The business’s 50-day simple moving average is $16.53 and its two-hundred day simple moving average is $16.97. The firm has a market capitalization of $55.88 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.15 and a beta of 1.02.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. Sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in shares of American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas during the 1st quarter valued at about $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American Noble Gas by 6.4% during the 1st 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 during the period. 16.20% of the stock is currently owned by hedge funds and other 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.