Infinity Natural Resources Inc. (NYSE:INR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Infinity Natural Resources Inc. (NYSE:INR) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.00.

Several research analysts recently issued reports on the stock. Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday, June 25th. 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 research report on Thursday, April 2nd. Stephens decreased their price objective on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Wall Street Zen downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Citigroup reissued a “buy” rating on shares of Infinity Natural Resources in a report on Tuesday, July 14th.

Infinity Natural Resources Stock Performance

Shares of NYSE:INR opened at $13.37 on Wednesday. The stock has a 50 day moving average price of $13.40. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $849.65 million, a price-to-earnings ratio of 4.78 and a beta of -0.49. Infinity Natural Resources has a 52-week low of $11.13 and a 52-week high of $19.58.

Insider Activity at Infinity Natural Resources

In related news, Director David P. Poole bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $13.50 per share, for a total transaction of $54,000.00. Following the completion of the acquisition, the director owned 27,646 shares of the company’s stock, valued at $373,221. This trade represents a 16.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William J. Quinn bought 44,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $13.19 per share, with a total value of $580,360.00. Following the transaction, the director owned 54,503 shares in the company, valued at $718,894.57. This trade represents a 418.93% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 111,400 shares of company stock worth $1,483,841. 40.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Infinity Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Infinity Natural Resources by 76.8% in the second quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock worth $48,000 after acquiring an additional 1,649 shares during the period. Bank of America Corp DE boosted its position in Infinity Natural Resources by 103.5% in the first quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after purchasing an additional 165,690 shares during the last quarter. Royal Bank of Canada boosted its position in Infinity Natural Resources by 116.3% in the first quarter. Royal Bank of Canada now owns 59,946 shares of the company’s stock worth $1,056,000 after purchasing an additional 32,227 shares during the last quarter. Quantinno Capital Management LP grew 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 valued at $853,000 after purchasing an additional 10,746 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Infinity Natural Resources by 618.9% during the 1st quarter. Lazard Asset Management LLC now owns 106,659 shares of the company’s stock valued at $1,878,000 after purchasing an additional 91,823 shares during 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.