Infinity Natural Resources (NYSE:INR) Shares Gap Down – Should You Sell?

Infinity Natural Resources Inc. (NYSE:INR) gapped down prior to trading on Wednesday . The stock had previously closed at $15.78, but opened at $15.00. Infinity Natural Resources shares last traded at $14.6460, with a volume of 162,028 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Infinity Natural Resources from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 3rd. Zacks Research upgraded Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Citigroup boosted their target price on Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. KeyCorp boosted their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Infinity Natural Resources currently has an average rating of “Moderate Buy” and an average price target of $24.50.

Infinity Natural Resources Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $947.98 million, a P/E ratio of 16.99 and a beta of -0.33. The company has a 50-day moving average price of $16.99.

Infinity Natural Resources (NYSE:INR) last issued its quarterly earnings data 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 return on equity of 10.40% and a net margin of 4.04%.The business had revenue of $117.06 million for the quarter. As a group, research analysts anticipate that Infinity Natural Resources Inc. will post 3.41 EPS for the current year.

Insider Transactions at Infinity Natural Resources

In other Infinity Natural Resources news, insider David Sproule sold 275,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 40.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Infinity Natural Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT purchased a new stake in Infinity Natural Resources during the fourth quarter valued at approximately $75,000. Connors Investor Services Inc. bought a new position in Infinity Natural Resources in the fourth quarter worth approximately $191,000. Lazard Asset Management LLC bought a new position in Infinity Natural Resources in the fourth quarter worth approximately $219,000. Invesco Ltd. grew its stake in Infinity Natural Resources by 18.6% in the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in Infinity Natural Resources during the 4th quarter valued at $254,000.

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.