Infinity Natural Resources Inc. (NYSE:INR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Infinity Natural Resources Inc. (NYSE:INR) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $22.00.

INR has been the subject of a number of research reports. Citigroup reduced their price target on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. KeyCorp raised their price objective on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Texas Capital raised shares of Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday. Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th.

Infinity Natural Resources Trading Up 1.9%

NYSE:INR opened at $12.95 on Friday. 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 firm has a market capitalization of $822.93 million, a PE ratio of 4.63 and a beta of -0.54. The business has a fifty day moving average of $14.47. Infinity Natural Resources has a 12 month low of $11.13 and a 12 month high of $19.58.

Insider Buying and Selling at Infinity Natural Resources

In other Infinity Natural Resources news, Director Scott Gieselman acquired 20,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $14.10 per share, with a total value of $282,000.00. Following the completion of the purchase, the director owned 70,900 shares of the company’s stock, valued at approximately $999,690. This represents a 39.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Quinn purchased 44,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $13.19 per share, for a total transaction of $580,360.00. Following the completion of the transaction, the director directly owned 54,503 shares of the company’s stock, valued at $718,894.57. This represents a 418.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 111,400 shares of company stock valued at $1,483,841 over the last ninety days. 40.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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