American Noble Gas (NYSE:INFY) Shares Gap Down – What’s Next?

Shares of American Noble Gas Inc. (NYSE:INFY) gapped down before the market opened on Thursday . The stock had previously closed at $13.48, but opened at $12.58. American Noble Gas shares last traded at $12.7510, with a volume of 5,451,664 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Susquehanna lowered their price target on American Noble Gas from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Jefferies Financial Group downgraded American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price target on the stock. in a research report on Monday, February 23rd. TD Cowen lowered their price target on American Noble Gas from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, Stifel Nicolaus lowered their price target on American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Noble Gas has a consensus rating of “Reduce” and an average price target of $15.72.

American Noble Gas Stock Down 5.0%

The company has a market cap of $51.80 billion, a PE ratio of 16.63, a P/E/G ratio of 1.80 and a beta of 1.00. The business has a 50-day simple moving average of $13.90 and a 200-day simple moving average of $16.26.

American Noble Gas (NYSE:INFY) last released its earnings results on Thursday, April 23rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%. On average, research analysts forecast that American Noble Gas Inc. will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

Several hedge funds and other institutional investors have recently made changes to their positions in INFY. NewEdge Advisors LLC lifted its position in shares of American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 24,426 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of American Noble Gas in the first quarter valued at approximately $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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. Hedge funds and other institutional investors own 16.20% of the company’s stock.

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. 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.