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

Shares of Infinity Natural Resources Inc. (NYSE:INR) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.00.

Several analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Zacks Research downgraded 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 shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th.

Insiders Place Their Bets

In other Infinity Natural Resources news, Director Steven D. Gray purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of $12.81 per share, with a total value of $320,250.00. Following the completion of the transaction, the director owned 40,000 shares of the company’s stock, valued at $512,400. The trade was a 166.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott Gieselman purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $14.10 per share, for a total transaction of $282,000.00. Following the completion of the acquisition, the director directly owned 70,900 shares of the company’s stock, valued at $999,690. This trade represents a 39.29% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 111,400 shares of company stock valued at $1,483,841. Insiders own 40.90% of the company’s stock.

Hedge Funds Weigh In On Infinity Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in shares of Infinity Natural Resources by 76.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock worth $48,000 after buying an additional 1,649 shares during the last quarter. Bank of America Corp DE increased its holdings in Infinity Natural Resources by 103.5% during the first quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after buying an additional 165,690 shares during the last quarter. Royal Bank of Canada raised 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 acquiring an additional 32,227 shares during the period. Quantinno Capital Management LP raised its position in Infinity Natural Resources by 28.5% in the first quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock worth $853,000 after acquiring an additional 10,746 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Infinity Natural Resources by 618.9% in the first quarter. Lazard Asset Management LLC now owns 106,659 shares of the company’s stock valued at $1,878,000 after acquiring an additional 91,823 shares during the last quarter.

Infinity Natural Resources Trading Down 0.2%

Shares of NYSE:INR opened at $12.47 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. The company’s fifty day moving average is $14.14. Infinity Natural Resources has a 1-year low of $11.13 and a 1-year high of $19.58. The company has a market cap of $792.47 million, a PE ratio of 4.46 and a beta of -0.49.

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.