Insider Buying: Infinity Natural Resources (NYSE:INR) Director Buys $12,906.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 900 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $14.34 per share, with a total value of $12,906.00. Following the completion of the transaction, the director owned 50,900 shares in the company, valued at approximately $729,906. This represents a 1.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 26th, Scott Gieselman acquired 20,000 shares of Infinity Natural Resources stock. The shares were acquired at an average cost of $14.10 per share, with a total value of $282,000.00.

Infinity Natural Resources Stock Performance

NYSE:INR opened at $13.61 on Friday. The business’s 50-day simple moving average is $16.16. The firm has a market cap of $864.64 million, a PE ratio of 4.86 and a beta of -0.33. Infinity Natural Resources Inc. has a 1 year low of $11.13 and a 1 year high of $19.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98.

Infinity Natural Resources (NYSE:INR) last released its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.67. The business had revenue of $117.06 million during the quarter. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%. On average, equities research analysts predict that Infinity Natural Resources Inc. will post 3.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INR. Wall Street Zen downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. KeyCorp increased their price target on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Citigroup upped their price objective on Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.50.

Institutional Trading of Infinity Natural Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bleakley Financial Group LLC bought a new position in Infinity Natural Resources during the 4th quarter valued at $610,000. Connors Investor Services Inc. bought a new position in Infinity Natural Resources during the 4th quarter valued at $191,000. Quantinno Capital Management LP boosted its stake in shares of Infinity Natural Resources by 28.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock worth $853,000 after acquiring an additional 10,746 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Infinity Natural Resources by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock worth $1,136,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Infinity Natural Resources by 285.3% during the 1st quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock worth $5,936,000 after acquiring an additional 249,600 shares in the last quarter.

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.