Infinity Natural Resources Inc. (NYSE:INR) Receives Average Rating of “Moderate Buy” from Brokerages

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

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Infinity Natural Resources in a research report on Tuesday, July 7th. Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th.

Infinity Natural Resources Price Performance

Shares of INR stock opened at $14.09 on Friday. Infinity Natural Resources has a fifty-two week low of $11.13 and a fifty-two week high of $19.58. The business has a 50-day moving average price of $13.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $895.07 million, a price-to-earnings ratio of 5.64 and a beta of -0.52.

Infinity Natural Resources (NYSE:INR) last issued its earnings results on Monday, August 10th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. Infinity Natural Resources had a net margin of 11.64% and a return on equity of 33.39%. The business had revenue of $171.02 million for the quarter. As a group, research analysts expect that Infinity Natural Resources will post 3.64 EPS for the current year.

Insider Activity at Infinity Natural Resources

In other news, Director Scott Gieselman bought 10,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $12.94 per share, with a total value of $129,400.00. Following the transaction, the director directly owned 95,000 shares in the company, valued at $1,229,300. This represents a 11.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven D. Gray acquired 25,000 shares of Infinity Natural Resources stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $12.81 per share, with a total value of $320,250.00. Following the purchase, the director directly owned 40,000 shares in the company, valued at approximately $512,400. This trade represents a 166.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 111,400 shares of company stock valued at $1,483,841. 40.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Infinity Natural Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in shares of Infinity Natural Resources by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock valued at $19,136,000 after acquiring an additional 137,247 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Infinity Natural Resources by 87.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock worth $10,540,000 after buying an additional 333,972 shares during the period. Yaupon Capital Management LP increased 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 buying an additional 94,104 shares during the period. Geode Capital Management LLC raised its holdings in shares of Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after acquiring an additional 4,618 shares in the last quarter. Finally, State Street Corp lifted its stake in Infinity Natural Resources by 19.9% in the fourth quarter. State Street Corp now owns 343,138 shares of the company’s stock worth $5,054,000 after acquiring an additional 56,886 shares during the period.

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.