Infinity Natural Resources Inc. (NYSE:INR) Given Average Recommendation of “Moderate Buy” by Brokerages

Infinity Natural Resources Inc. (NYSE:INRGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.00.

INR has been the subject of a number of analyst reports. Weiss Ratings raised shares of Infinity Natural Resources from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Stephens reduced their target price on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $27.00 price target on shares of Infinity Natural Resources in a report on Tuesday, July 7th. Texas Capital upgraded Infinity Natural Resources to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Raymond James Financial cut their price objective 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.

View Our Latest Report on Infinity Natural Resources

Infinity Natural Resources Price Performance

NYSE:INR opened at $14.52 on Thursday. The business’s 50-day moving average is $13.92 and its 200 day moving average is $14.94. Infinity Natural Resources has a 12 month low of $11.13 and a 12 month high of $19.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $921.11 million, a P/E ratio of 5.81 and a beta of -0.42.

Infinity Natural Resources (NYSE:INRGet Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Infinity Natural Resources had a net margin of 11.64% and a return on equity of 33.39%. The company had revenue of $171.02 million for the quarter. On average, equities research analysts forecast that Infinity Natural Resources will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott Gieselman bought 10,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were bought at an average price of $12.94 per share, for a total transaction of $129,400.00. Following the completion of the purchase, the director directly owned 95,000 shares of the company’s stock, valued at approximately $1,229,300. This trade represents a 11.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Infinity Natural Resources

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in Infinity Natural Resources by 285.3% in the 1st quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock valued at $5,936,000 after purchasing an additional 249,600 shares during the last quarter. Bank of America Corp DE grew its holdings in Infinity Natural Resources by 103.5% in the 1st quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock valued at $5,736,000 after buying an additional 165,690 shares in the last quarter. Sei Investments Co. increased its stake in shares of Infinity Natural Resources by 153.6% in the 1st quarter. Sei Investments Co. now owns 275,422 shares of the company’s stock worth $4,850,000 after acquiring an additional 166,810 shares during the last quarter. CI Investments Inc. raised its holdings in shares of Infinity Natural Resources by 3.3% during the 1st quarter. CI Investments Inc. now owns 275,132 shares of the company’s stock worth $4,845,000 after acquiring an additional 8,673 shares during the period. Finally, 1492 Capital Management LLC raised its holdings in shares of Infinity Natural Resources by 5.6% during the 4th quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock worth $3,816,000 after acquiring an additional 13,759 shares during the period.

About Infinity Natural Resources

(Get Free Report)

Infinity Natural Resources, Inc (NYSE:INR) is an independent oil and natural gas exploration and production company focused on the Appalachian Basin. The company develops and operates unconventional oil and gas properties primarily in Ohio and West Virginia, where it targets formations including the Marcellus and Utica shales.

Its production portfolio includes natural gas, natural gas liquids and crude oil. Infinity Natural Resources is involved in the drilling, completion and operation of horizontal wells, as well as related gathering and infrastructure activities needed to transport its production to market.

The company was established in 2017 and has built its business around operated acreage and development opportunities in the Appalachian region.

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Analyst Recommendations for Infinity Natural Resources (NYSE:INR)

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