Infinity Natural Resources Inc. (NYSE:INR) Receives $24.00 Consensus Price Target from Analysts

Infinity Natural Resources Inc. (NYSE:INR) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.00.

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Citigroup reissued a “buy” rating on shares of Infinity Natural Resources in a research report on Tuesday, July 14th. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Infinity Natural Resources in a report on Tuesday, July 7th. Finally, Stephens reduced their target price on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th.

Insider Activity

In other news, Director William J. Quinn acquired 44,000 shares of Infinity Natural Resources stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $13.19 per share, with a total value of $580,360.00. Following the transaction, the director owned 54,503 shares of the company’s stock, valued at approximately $718,894.57. This trade represents a 418.93% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Gieselman acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $14.10 per share, with a total value of $282,000.00. Following the purchase, the director owned 70,900 shares in the company, valued at approximately $999,690. The trade was a 39.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 111,400 shares of company stock valued at $1,483,841 in the last three months. 40.90% of the stock is owned by company insiders.

Institutional Trading of Infinity Natural Resources

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in Infinity Natural Resources by 11.8% in the 4th quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock valued at $19,136,000 after purchasing an additional 137,247 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Infinity Natural Resources by 87.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock valued at $10,540,000 after purchasing an additional 333,972 shares during the last quarter. Yaupon Capital Management LP raised its stake in shares of Infinity Natural Resources by 25.2% during the 4th quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock worth $6,884,000 after purchasing an additional 94,104 shares during the period. Geode Capital Management LLC raised its stake in shares of Infinity Natural Resources by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after purchasing an additional 4,618 shares during the period. Finally, State Street Corp boosted its holdings in shares of Infinity Natural Resources by 19.9% in the 4th quarter. State Street Corp now owns 343,138 shares of the company’s stock worth $5,054,000 after buying an additional 56,886 shares during the last quarter.

Infinity Natural Resources Stock Performance

Shares of INR opened at $12.48 on Wednesday. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day moving average is $13.17. The company has a market cap of $793.17 million, a price-to-earnings ratio of 4.46 and a beta of -0.49. Infinity Natural Resources has a 52 week low of $11.13 and a 52 week high of $19.58.

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.