Insider Buying: Infinity Natural Resources (NYSE:INR) Director Buys 25,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Steven Gray bought 25,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $12.81 per share, for a total transaction of $320,250.00. Following the purchase, the director owned 40,000 shares in the company, valued at approximately $512,400. This trade represents a 166.67% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Infinity Natural Resources Stock Performance

Shares of NYSE:INR traded up $0.60 during midday trading on Friday, hitting $13.11. 571,294 shares of the company’s stock traded hands, compared to its average volume of 305,429. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $833.16 million, a P/E ratio of 4.68 and a beta of -0.54. The firm has a fifty day moving average price of $15.34. Infinity Natural Resources Inc. has a twelve month low of $11.13 and a twelve month high of $19.90.

Infinity Natural Resources (NYSE:INR) last posted its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.67. The business had revenue of $117.06 million for the quarter. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. As a group, equities research analysts anticipate that Infinity Natural Resources Inc. will post 3.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on INR. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup reduced their target price on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Finally, KeyCorp raised their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Institutional Investors Weigh In On Infinity Natural Resources

Large investors have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC acquired a new stake in Infinity Natural Resources during the 4th quarter valued at $610,000. Connors Investor Services Inc. acquired a new stake in Infinity Natural Resources during the 4th quarter valued at $191,000. Quantinno Capital Management LP grew its holdings in Infinity Natural Resources by 28.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock valued at $853,000 after purchasing an additional 10,746 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 valued at $1,136,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in 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.

Infinity Natural Resources Company Profile

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.