Stock Traders Purchase High Volume of Put Options on American Noble Gas (NYSE:INFY)

American Noble Gas Inc. (NYSE:INFY) saw some unusual options trading on Monday. Investors acquired 15,223 put options on the company. This represents an increase of approximately 184% compared to the typical daily volume of 5,360 put options.

Analyst Upgrades and Downgrades

INFY has been the topic of several analyst reports. BMO Capital Markets reduced their price target on American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a report on Wednesday, October 8th. TD Cowen reduced their price target on American Noble Gas from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, October 17th. Rothschild Redb upgraded American Noble Gas to a “strong sell” rating in a report on Wednesday, September 3rd. Finally, Susquehanna boosted their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.65.

American Noble Gas Trading Up 2.9%

Shares of INFY opened at $17.40 on Wednesday. The firm has a market cap of $72.11 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. American Noble Gas has a 12-month low of $15.81 and a 12-month high of $23.63. The company’s 50-day moving average price is $16.79 and its 200 day moving average price is $17.43.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.04 billion. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%. American Noble Gas has set its FY 2026 guidance at EPS. Equities research analysts forecast that American Noble Gas will post 0.74 earnings per share for the current year.

Institutional Trading of American Noble Gas

Institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS boosted its position in American Noble Gas by 13.3% during the 1st quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company’s stock worth $124,000 after acquiring an additional 800 shares during the period. Pinnacle Bancorp Inc. boosted its position in American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company’s stock worth $26,000 after acquiring an additional 928 shares during the period. Naviter Wealth LLC boosted its position in American Noble Gas by 1.2% during the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company’s stock worth $1,654,000 after acquiring an additional 1,109 shares during the period. HBK Sorce Advisory LLC boosted its position in American Noble Gas by 11.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 11,461 shares of the technology company’s stock worth $209,000 after acquiring an additional 1,206 shares during the period. Finally, GAMMA Investing LLC boosted its position in American Noble Gas by 32.4% during the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,455 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

About American Noble Gas

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.