Infinity Natural Resources (NYSE:INR) Releases Quarterly Earnings Results

Infinity Natural Resources (NYSE:INR) issued its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.67, FiscalAI reports. Infinity Natural Resources had a return on equity of 17.52% and a net margin of 4.04%.The firm had revenue of $117.06 million during the quarter.

Infinity Natural Resources Stock Up 4.5%

Shares of INR stock opened at $18.40 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 20.91 and a beta of 0.23. Infinity Natural Resources has a 12-month low of $11.13 and a 12-month high of $19.90.

Institutional Investors Weigh In On Infinity Natural Resources

A number of hedge funds have recently made changes to their positions in INR. Invesco Ltd. grew its holdings in shares of Infinity Natural Resources by 18.6% during the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after purchasing an additional 2,643 shares during the last quarter. XTX Topco Ltd lifted its position in Infinity Natural Resources by 266.3% in the fourth quarter. XTX Topco Ltd now owns 73,520 shares of the company’s stock valued at $1,083,000 after purchasing an additional 53,447 shares during the last quarter. Yaupon Capital Management LP boosted its stake in shares of Infinity Natural Resources by 25.2% during the fourth quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock valued at $6,884,000 after purchasing an additional 94,104 shares during the period. PDT Partners LLC purchased a new stake in shares of Infinity Natural Resources during the fourth quarter valued at approximately $399,000. Finally, AQR Capital Management LLC grew its holdings in shares of Infinity Natural Resources by 411.3% in the fourth quarter. AQR Capital Management LLC now owns 111,931 shares of the company’s stock worth $1,649,000 after purchasing an additional 90,039 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on INR. Weiss Ratings began coverage on shares of Infinity Natural Resources in a research note on Thursday, February 5th. They issued a “sell (d)” rating on the stock. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

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.