Infinity Natural Resources Inc. (NYSE:INR) Receives Average Rating of “Moderate Buy” from Brokerages

Infinity Natural Resources Inc. (NYSE:INR) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.00.

INR has been the topic of a number of recent analyst reports. Raymond James Financial cut their price target on shares of Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 8th. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Stephens dropped their price objective on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Wall Street Zen downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 target price on shares of Infinity Natural Resources in a research note on Tuesday, July 7th.

Infinity Natural Resources Stock Up 1.6%

INR opened at $14.91 on Friday. Infinity Natural Resources has a 52-week low of $11.13 and a 52-week high of $19.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $947.23 million, a P/E ratio of 5.96 and a beta of -0.52. The firm’s 50-day moving average is $13.12.

Infinity Natural Resources (NYSE:INR) last released its earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $171.02 million during the quarter. Infinity Natural Resources had a net margin of 11.64% and a return on equity of 33.39%. On average, research analysts anticipate that Infinity Natural Resources will post 3.43 EPS for the current fiscal year.

Insider Transactions at Infinity Natural Resources

In other news, Director David P. Poole acquired 4,000 shares of Infinity Natural Resources stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $54,000.00. Following the completion of the purchase, the director directly owned 27,646 shares in the company, valued at $373,221. This trade represents a 16.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven D. Gray bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $12.81 per share, with a total value of $320,250.00. Following the acquisition, the director directly owned 40,000 shares of the company’s stock, valued at approximately $512,400. This trade represents a 166.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 110,500 shares of company stock worth $1,470,935 in the last 90 days. 40.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Infinity Natural Resources

A number of institutional investors have recently bought and sold shares of INR. Versant Capital Management Inc lifted its stake in Infinity Natural Resources by 76.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock valued at $48,000 after acquiring an additional 1,649 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Infinity Natural Resources during the fourth quarter worth $75,000. Connors Investor Services Inc. acquired a new position in Infinity Natural Resources during the fourth quarter valued at $191,000. Lazard Asset Management LLC acquired a new position in Infinity Natural Resources during the fourth quarter valued at $219,000. Finally, Invesco Ltd. boosted its holdings in Infinity Natural Resources by 18.6% in the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after purchasing an additional 2,643 shares during 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.