Infinity Natural Resources (NYSE:INR) Director David Poole Acquires 4,000 Shares

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole acquired 4,000 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $13.50 per share, with a total value of $54,000.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Infinity Natural Resources Trading Down 9.8%

Shares of NYSE:INR opened at $12.50 on Friday. The company’s fifty day moving average is $15.34. The stock has a market capitalization of $793.90 million, a PE ratio of 4.46 and a beta of -0.54. Infinity Natural Resources Inc. has a 12-month low of $11.13 and a 12-month high of $19.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98.

Infinity Natural Resources (NYSE:INR) last announced 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. The business had revenue of $117.06 million during the quarter. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%. As a group, equities research analysts predict that Infinity Natural Resources Inc. will post 3.28 EPS for the current year.

Institutional Trading of Infinity Natural Resources

Large investors have recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of Infinity Natural Resources in the fourth quarter worth $75,000. Connors Investor Services Inc. bought a new stake in shares of Infinity Natural Resources in the fourth quarter worth $191,000. Lazard Asset Management LLC bought a new stake in shares of Infinity Natural Resources in the fourth quarter worth $219,000. Invesco Ltd. grew its holdings in shares of 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 acquiring an additional 2,643 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Infinity Natural Resources by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock worth $254,000 after acquiring an additional 5,891 shares during the period.

Analysts Set New Price Targets

INR has been the subject of a number of recent research reports. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Wall Street Zen cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup decreased their price target on Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Finally, KeyCorp boosted their price target on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.