American Noble Gas (NYSE:INFY) Hits New 12-Month Low – Here’s Why

American Noble Gas Inc. (NYSE:INFY) hit a new 52-week low on Wednesday . The stock traded as low as $15.81 and last traded at $15.7950, with a volume of 9229377 shares. The stock had previously closed at $16.61.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INFY shares. BMO Capital Markets increased their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. TD Cowen boosted their price objective on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Finally, Stifel Nicolaus raised their target price on American Noble Gas from $16.50 to $19.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Noble Gas presently has an average rating of “Hold” and an average target price of $17.65.

American Noble Gas Stock Performance

The firm has a market capitalization of $63.82 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. The firm’s 50 day moving average price is $18.07 and its 200-day moving average price is $17.26.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.11 billion. On average, equities research analysts expect that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after buying an additional 3,804 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in American Noble Gas during the 1st quarter worth about $239,000. Finally, NewEdge Advisors LLC boosted its holdings in American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 24,426 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.