Infinity Natural Resources (NYSE:INR) Rating Increased to Strong-Buy at Texas Capital

Texas Capital upgraded shares of Infinity Natural Resources (NYSE:INR) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Several other analysts have also commented on the company. KeyCorp boosted their price target on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. 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 research note on Tuesday, June 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Infinity Natural Resources currently has an average rating of “Moderate Buy” and an average price target of $22.00.

Infinity Natural Resources Trading Up 1.9%

INR stock opened at $12.95 on Thursday. Infinity Natural Resources has a 1-year low of $11.13 and a 1-year high of $19.58. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50 day moving average of $14.47. The company has a market cap of $822.90 million, a price-to-earnings ratio of 4.63 and a beta of -0.54.

Insider Activity at Infinity Natural Resources

In related news, Director David P. Poole acquired 7,500 shares of the stock in a transaction on Wednesday, June 10th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $104,925.00. Following the transaction, the director owned 23,646 shares of the company’s stock, valued at $330,807.54. The trade was a 46.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Gieselman bought 20,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was bought 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. The trade was a 39.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 111,400 shares of company stock worth $1,483,841 in the last 90 days. Corporate insiders own 40.90% of the company’s stock.

Institutional Trading of Infinity Natural Resources

A number of hedge funds and other institutional investors have recently modified their holdings of INR. Connors Investor Services Inc. bought a new position in Infinity Natural Resources in the 4th quarter worth approximately $191,000. Bleakley Financial Group LLC bought a new position in Infinity Natural Resources in the 4th quarter valued at $610,000. Geode Capital Management LLC boosted its position in Infinity Natural Resources by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after buying an additional 4,618 shares during the last quarter. 1492 Capital Management LLC increased its stake in shares of Infinity Natural Resources by 5.6% in the 4th quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock valued at $3,816,000 after buying an additional 13,759 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Infinity Natural Resources by 11.8% in the 4th quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock valued at $19,136,000 after buying an additional 137,247 shares during the period.

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.