Infinity Natural Resources (NYSE:INR) Trading Up 5.1% – What’s Next?

Infinity Natural Resources Inc. (NYSE:INR) rose 5.1% during mid-day trading on Friday . The stock traded as high as $18.48 and last traded at $18.3950. Approximately 76,664 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 211,060 shares. The stock had previously closed at $17.50.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INR shares. Weiss Ratings initiated coverage on shares of Infinity Natural Resources in a research note on Thursday, February 5th. They set a “sell (d)” rating for the company. Wall Street Zen raised shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Infinity Natural Resources presently has an average rating of “Reduce”.

Infinity Natural Resources Trading Up 2.3%

The stock has a market capitalization of $1.09 billion, a PE ratio of 20.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

Infinity Natural Resources (NYSE:INR) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a net margin of 4.04% and a return on equity of 10.40%. The business had revenue of $117.06 million for the quarter.

Insider Buying and Selling at Infinity Natural Resources

In other news, insider David Sproule sold 275,000 shares of Infinity Natural Resources stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $4,793,250.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of Infinity Natural Resources

A number of large investors have recently made changes to their positions in INR. Barclays PLC lifted its holdings in Infinity Natural Resources by 10.5% during the fourth quarter. Barclays PLC now owns 24,458 shares of the company’s stock worth $360,000 after acquiring an additional 2,334 shares in the last quarter. Invesco Ltd. raised its position in shares of Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after purchasing an additional 2,643 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Infinity Natural Resources by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after purchasing an additional 4,618 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Infinity Natural Resources during the 4th quarter valued at about $75,000. Finally, Jane Street Group LLC grew its position in shares of Infinity Natural Resources by 12.3% in the 4th quarter. Jane Street Group LLC now owns 49,996 shares of the company’s stock valued at $736,000 after purchasing an additional 5,490 shares during the period.

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.