Infinity Natural Resources (NYSE:INR) Director Scott Gieselman Purchases 900 Shares

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman bought 900 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $14.34 per share, for a total transaction of $12,906.00. Following the transaction, the director owned 50,900 shares of the company’s stock, valued at $729,906. This trade represents a 1.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Scott Gieselman also recently made the following trade(s):

• On Tuesday, May 26th, Scott Gieselman bought 20,000 shares of Infinity Natural Resources stock. The stock was purchased at an average cost of $14.10 per share, for a total transaction of $282,000.00.

Infinity Natural Resources Stock Down 1.3%

NYSE INR traded down $0.18 on Wednesday, reaching $13.59. The stock had a trading volume of 440,051 shares, compared to its average volume of 283,809. The company has a market capitalization of $863.25 million, a price-to-earnings ratio of 4.85 and a beta of -0.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98. Infinity Natural Resources Inc. has a 12-month low of $11.13 and a 12-month high of $19.90. The company’s fifty day moving average price is $16.43.

Infinity Natural Resources (NYSE:INR) last announced its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%.The company had revenue of $117.06 million for the quarter. Sell-side analysts forecast that Infinity Natural Resources Inc. will post 3.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infinity Natural Resources

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

Analyst Ratings Changes

A number of research firms have recently weighed in on INR. Zacks Research raised Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Citigroup upped their price objective on Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. KeyCorp upped their price objective 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

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.