American Noble Gas (NYSE:INFY) Sets New 12-Month Low – Time to Sell?

American Noble Gas Inc. (NYSE:INFY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $13.15 and last traded at $13.2650, with a volume of 22522924 shares traded. The stock had previously closed at $13.27.

Analyst Ratings Changes

INFY has been the topic of several research reports. Stifel Nicolaus cut their price target on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, February 18th. Jefferies Financial Group downgraded shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price objective for the company. in a research note on Monday, February 23rd. TD Cowen increased their price objective on shares of American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Finally, BMO Capital Markets lifted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.89.

American Noble Gas Stock Down 0.0%

The firm’s 50 day moving average price is $16.18 and its two-hundred day moving average price is $16.86. The firm has a market capitalization of $53.67 billion, a PE ratio of 17.23, a P/E/G ratio of 1.98 and a beta of 1.01.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.11 billion. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. On average, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Noble Gas in the first quarter worth $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in American Noble Gas by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 3,804 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.