Infinity Natural Resources Inc. (NYSE:INR) Receives $24.00 Consensus Price Target from Analysts

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

INR has been the topic of several research reports. Raymond James Financial dropped their price target on Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings upgraded shares of Infinity Natural Resources from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 price target on shares of Infinity Natural Resources in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, 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.

Insider Buying and Selling

In related news, Director Steven D. Gray purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of $12.81 per share, with a total value of $320,250.00. Following the acquisition, the director owned 40,000 shares in the company, valued at approximately $512,400. This trade represents a 166.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David P. Poole acquired 4,000 shares of Infinity Natural Resources stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $13.50 per share, with a total value of $54,000.00. Following the transaction, the director directly owned 27,646 shares in the company, valued at approximately $373,221. This trade represents a 16.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 110,500 shares of company stock valued at $1,470,935 over the last quarter. Company insiders own 40.90% of the company’s stock.

Institutional Trading of Infinity Natural Resources

Hedge funds have recently bought and sold shares of the company. Connors Investor Services Inc. bought a new position in Infinity Natural Resources in the 4th quarter worth approximately $191,000. Bleakley Financial Group LLC acquired a new position in Infinity Natural Resources during the 4th quarter worth $610,000. Geode Capital Management LLC boosted 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 period. 1492 Capital Management LLC grew its stake in shares of Infinity Natural Resources by 5.6% in the fourth quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock worth $3,816,000 after purchasing an additional 13,759 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake 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 worth $19,136,000 after purchasing an additional 137,247 shares in the last quarter.

Infinity Natural Resources Stock Performance

Shares of INR stock opened at $14.68 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.35. Infinity Natural Resources has a one year low of $11.13 and a one year high of $19.58. The stock’s 50-day moving average is $13.08. The company has a market capitalization of $932.62 million, a PE ratio of 5.87 and a beta of -0.52.

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

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.