Infinity Natural Resources Inc. (NYSE:INR – Get Free Report) Director Scott Gieselman bought 900 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $14.34 per share, for a total transaction of $12,906.00. Following the completion of the purchase, the director owned 50,900 shares in the company, valued at approximately $729,906. This trade represents a 1.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Scott Gieselman also recently made the following trade(s):
- On Tuesday, May 26th, Scott Gieselman bought 20,000 shares of Infinity Natural Resources stock. The shares were purchased at an average cost of $14.10 per share, for a total transaction of $282,000.00.
Infinity Natural Resources Stock Down 1.3%
Shares of NYSE:INR opened at $13.59 on Thursday. The firm’s fifty day moving average price is $16.33. 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 firm has a market cap of $863.25 million, a P/E ratio of 4.85 and a beta of -0.33.
Analysts Set New Price Targets
Several analysts have issued reports on INR shares. Citigroup boosted their target price on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. KeyCorp upped their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.50.
Check Out Our Latest Stock Analysis on INR
Hedge Funds Weigh In On Infinity Natural Resources
A number of hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its holdings in Infinity Natural Resources by 87.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock worth $10,540,000 after purchasing an additional 333,972 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Infinity Natural Resources by 285.3% in the first quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock worth $5,936,000 after purchasing an additional 249,600 shares in the last quarter. Thomist Capital Management LP bought a new stake in Infinity Natural Resources in the fourth quarter worth $3,082,000. Sei Investments Co. boosted its holdings in Infinity Natural Resources by 153.6% in the first quarter. Sei Investments Co. now owns 275,422 shares of the company’s stock worth $4,850,000 after purchasing an additional 166,810 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Infinity Natural Resources by 103.5% in the first quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after purchasing an additional 165,690 shares in the last quarter.
About Infinity Natural Resources
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.
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