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

American Noble Gas Inc. (NYSE:INFY) was the target of some unusual options trading activity on Thursday. Traders bought 14,424 put options on the stock. This is an increase of approximately 111% compared to the average daily volume of 6,842 put options.

American Noble Gas Trading Up 3.0%

NYSE:INFY traded up $0.55 during trading hours on Thursday, hitting $18.77. 12,906,916 shares of the company traded hands, compared to its average volume of 13,562,389. The firm has a 50-day moving average of $17.15 and a 200 day moving average of $17.34. The stock has a market capitalization of $77.78 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.94 and a beta of 1.00. American Noble Gas has a twelve month low of $15.81 and a twelve month high of $23.62.

American Noble Gas (NYSE:INFY) last released its quarterly earnings data on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. American Noble Gas had a return on equity of 29.40% and a net margin of 16.58%.The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.04 billion. Equities research analysts predict that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INFY. Acadian Asset Management LLC raised its stake in shares of American Noble Gas by 39.7% in the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company’s stock valued at $482,427,000 after buying an additional 7,514,613 shares during the period. New Vernon Capital Holdings II LLC increased its stake in shares of American Noble Gas by 1,998.6% in the first quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company’s stock worth $230,262,000 after buying an additional 12,015,884 shares during the period. AQR Capital Management LLC boosted its position in shares of American Noble Gas by 11.2% during the first quarter. AQR Capital Management LLC now owns 10,189,724 shares of the technology company’s stock valued at $184,077,000 after buying an additional 1,025,639 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of American Noble Gas by 53.5% during the 1st quarter. Millennium Management LLC now owns 9,153,711 shares of the technology company’s stock valued at $167,055,000 after buying an additional 3,191,155 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in American Noble Gas by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,865,525 shares of the technology company’s stock worth $125,262,000 after purchasing an additional 264,189 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Rothschild Redb raised shares of American Noble Gas to a “strong sell” rating in a research report on Wednesday, September 3rd. Rothschild & Co Redburn assumed coverage on American Noble Gas in a report on Wednesday, September 3rd. They set a “sell” rating and a $12.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a report on Monday. BMO Capital Markets decreased their price objective on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, October 17th. Finally, TD Cowen reduced their price target on shares of American Noble Gas from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.65.

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.