Texas Capital Upgrades Infinity Natural Resources (NYSE:INR) to “Strong-Buy”

Infinity Natural Resources (NYSE:INR) was upgraded by research analysts at Texas Capital to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on INR. 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 report on Thursday, April 2nd. Citigroup cut their price objective on Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Infinity Natural Resources Stock Performance

Shares of INR stock opened at $12.95 on Thursday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50-day moving average price of $14.47. The company has a market cap of $822.90 million, a PE ratio of 4.63 and a beta of -0.54. Infinity Natural Resources has a 52-week low of $11.13 and a 52-week high of $19.58.

Insider Transactions at Infinity Natural Resources

In other news, Director David P. Poole acquired 4,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $54,000.00. Following the transaction, the director directly owned 27,646 shares of the company’s stock, valued at approximately $373,221. This represents a 16.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J. Quinn bought 44,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $13.19 per share, with a total value of $580,360.00. Following the acquisition, the director directly owned 54,503 shares of the company’s stock, valued at approximately $718,894.57. This represents a 418.93% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 111,400 shares of company stock valued at $1,483,841. 40.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Infinity Natural Resources

A number of hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT acquired a new stake in Infinity Natural Resources in the 4th quarter worth about $75,000. Connors Investor Services Inc. acquired a new position in shares of Infinity Natural Resources during the 4th quarter worth approximately $191,000. Lazard Asset Management LLC bought a new position in shares of Infinity Natural Resources during the fourth quarter worth approximately $219,000. Invesco Ltd. increased its holdings in shares of Infinity Natural Resources by 18.6% during 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 during the period. Finally, Wells Fargo & Company MN raised its position 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 valued at $254,000 after buying an additional 5,891 shares in the last quarter.

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.