Insider Buying: Infinity Natural Resources (NYSE:INR) Director Acquires 4,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole purchased 4,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $13.50 per share, for a total transaction of $54,000.00. Following the completion of the acquisition, the director owned 27,646 shares in the company, valued at $373,221. This represents a 16.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Infinity Natural Resources Stock Down 9.8%

Shares of Infinity Natural Resources stock traded down $1.36 on Thursday, hitting $12.50. 656,355 shares of the company traded hands, compared to its average volume of 411,013. The stock’s 50-day moving average is $15.34. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. Infinity Natural Resources Inc. has a 12-month low of $11.13 and a 12-month high of $19.90. The company has a market cap of $793.87 million, a P/E ratio of 4.46 and a beta of -0.54.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. The business had revenue of $117.06 million for the quarter. Equities research analysts anticipate that Infinity Natural Resources Inc. will post 3.28 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on INR shares. Wall Street Zen cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. KeyCorp boosted their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Citigroup lowered their price target on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Infinity Natural Resources has a consensus rating of “Hold” and a consensus target price of $22.00.

Institutional Investors Weigh In On Infinity Natural Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Infinity Natural Resources by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock worth $1,136,000 after acquiring an additional 1,429 shares during the last quarter. Barclays PLC lifted its position in Infinity Natural Resources by 10.5% during the 4th quarter. Barclays PLC now owns 24,458 shares of the company’s stock worth $360,000 after acquiring an additional 2,334 shares during the last quarter. Invesco Ltd. lifted its position in Infinity Natural Resources by 18.6% during the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after acquiring an additional 2,643 shares during the last quarter. Geode Capital Management LLC lifted its position in Infinity Natural Resources by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after acquiring an additional 4,618 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources during the 4th quarter worth $75,000.

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.