American Noble Gas Target of Unusually High Options Trading (NYSE:INFY)

American Noble Gas Inc. (NYSE:INFY) saw unusually large options trading on Friday. Stock investors purchased 53,223 call options on the company. This represents an increase of approximately 616% compared to the average volume of 7,435 call options.

Hedge Funds Weigh In On American Noble Gas

A number of institutional investors have recently added to or reduced their stakes in INFY. Brooklyn Investment Group lifted its holdings in shares of American Noble Gas by 329.0% during the first quarter. Brooklyn Investment Group now owns 10,192 shares of the technology company’s stock valued at $186,000 after purchasing an additional 7,816 shares during the last quarter. OLD Mission Capital LLC bought a new stake in American Noble Gas during the 1st quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of American Noble Gas in the 1st quarter worth approximately $239,000. Aprio Wealth Management LLC boosted its position in shares of American Noble Gas by 26.8% during the first quarter. Aprio Wealth Management LLC now owns 13,438 shares of the technology company’s stock valued at $245,000 after buying an additional 2,839 shares during the period. Finally, Ascent Group LLC acquired a new position in American Noble Gas during the 1st quarter valued at about $251,000. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INFY. Rothschild Redb upgraded American Noble Gas to a “strong sell” rating in a research note on Wednesday, September 3rd. TD Cowen cut their price objective on American Noble Gas from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, October 17th. Rothschild & Co Redburn began coverage on shares of American Noble Gas in a research report on Wednesday, September 3rd. They issued a “sell” rating and a $12.00 price objective on the stock. BMO Capital Markets lowered their target price on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.65.

American Noble Gas Stock Performance

Shares of INFY stock traded up $0.87 on Friday, hitting $20.05. 85,874,241 shares of the company’s stock traded hands, compared to its average volume of 13,926,071. The stock has a market capitalization of $83.12 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 3.01 and a beta of 1.00. The company’s fifty day simple moving average is $17.19 and its 200 day simple moving average is $17.35. American Noble Gas has a one year low of $15.81 and a one year high of $30.00.

American Noble Gas (NYSE:INFY) last issued its earnings results on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.04 billion. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. As a group, sell-side analysts anticipate that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

About American Noble Gas

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.