Infinity Natural Resources Inc. (NYSE:INR – Get Free Report) Director William Quinn acquired 44,000 shares of Infinity Natural Resources stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.19 per share, with a total value of $580,360.00. Following the completion of the purchase, the director owned 54,503 shares in the company, valued at $718,894.57. This represents a 418.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Infinity Natural Resources Stock Performance
INR opened at $13.57 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98. The company has a market cap of $862.38 million, a PE ratio of 4.85 and a beta of -0.54. The company’s 50-day moving average is $15.65. Infinity Natural Resources Inc. has a 52-week low of $11.13 and a 52-week high of $19.90.
Infinity Natural Resources (NYSE:INR – Get Free Report) last posted its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (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. Research analysts forecast that Infinity Natural Resources Inc. will post 3.29 EPS for the current fiscal year.
Wall Street Analyst Weigh In
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Hedge Funds Weigh In On Infinity Natural Resources
A number of large investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT purchased a new position in Infinity Natural Resources in the 4th quarter worth about $75,000. Connors Investor Services Inc. bought a new stake in shares of Infinity Natural Resources in the fourth quarter valued at about $191,000. Lazard Asset Management LLC purchased a new stake in Infinity Natural Resources in the fourth quarter worth about $219,000. Invesco Ltd. increased 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 valued at $248,000 after purchasing an additional 2,643 shares during the period. Finally, Wells Fargo & Company MN increased its position in Infinity Natural Resources by 51.9% during the 4th quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after purchasing an additional 5,891 shares during the period.
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.
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