American Noble Gas (NYSE:INFY) Sets New 52-Week Low – Here’s What Happened

Shares of American Noble Gas Inc. (NYSE:INFY) hit a new 52-week low on Tuesday . The stock traded as low as $13.15 and last traded at $13.2650, with a volume of 22522924 shares trading hands. The stock had previously closed at $13.27.

Analyst Ratings Changes

INFY has been the subject of several recent research reports. BMO Capital Markets increased their price target on American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, January 15th. Stifel Nicolaus lowered their target price on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Jefferies Financial Group cut shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price target for the company. in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Finally, TD Cowen raised their price target on American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.89.

American Noble Gas Trading Down 0.0%

The company has a market capitalization of $53.67 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.98 and a beta of 1.01. The company’s 50 day simple moving average is $16.18 and its 200-day simple moving average is $16.86.

American Noble Gas (NYSE:INFY) last announced its earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. Sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current year.

Institutional Investors Weigh In On American Noble Gas

A number of institutional investors have recently bought and sold shares of INFY. Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas during the first quarter worth approximately $239,000. NewEdge Advisors LLC raised its position in shares of American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American Noble Gas by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 3,804 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

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.