Key Points
- Insider sale: Director David Sproule sold 275,000 shares at an average price of $17.43 on March 18, totaling $4,793,250, per an SEC filing.
- Quarterly beat: Infinity reported $1.32 EPS vs. a $0.65 consensus with $117.06 million in revenue and a 4.04% net margin for the quarter.
- Mixed analyst views: Coverage is split—Zacks cut to "hold" and Weiss rated "sell (d)" while Wall Street Zen upgraded to "strong-buy," leaving an average MarketBeat rating of "Reduce".
Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) insider David Sproule sold 275,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Infinity Natural Resources Trading Down 1.3%
Shares of Infinity Natural Resources stock opened at $17.60 on Friday. Infinity Natural Resources Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $19.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.07 billion, a P/E ratio of 19.99 and a beta of 0.23.
Infinity Natural Resources (NYSE:INR - Get Free Report) last released its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.67. The business had revenue of $117.06 million during the quarter. Infinity Natural Resources had a return on equity of 10.40% and a net margin of 4.04%.
Analysts Set New Price Targets
INR has been the topic of several recent analyst reports. Zacks Research lowered shares of Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Friday, March 6th. Weiss Ratings started coverage on Infinity Natural Resources in a research report on Thursday, February 5th. They issued a "sell (d)" rating on the stock. Finally, Wall Street Zen upgraded Infinity Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce".
View Our Latest Stock Analysis on Infinity Natural Resources
Hedge Funds Weigh In On Infinity Natural Resources
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INR. CIBC Private Wealth Group LLC grew its stake in shares of 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 acquiring an additional 333,972 shares in the last quarter. Thomist Capital Management LP acquired a new stake in shares of Infinity Natural Resources in the fourth quarter valued at $3,082,000. Nuveen LLC grew its stake in Infinity Natural Resources by 448.4% during the 4th quarter. Nuveen LLC now owns 182,098 shares of the company's stock worth $2,682,000 after purchasing an additional 148,895 shares in the last quarter. Franklin Resources Inc. grew its stake in Infinity Natural Resources by 11.8% during the 4th quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company's stock worth $19,136,000 after purchasing an additional 137,247 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in Infinity Natural Resources by 133.9% during the 4th quarter. Trexquant Investment LP now owns 191,175 shares of the company's stock worth $2,816,000 after purchasing an additional 109,454 shares during the period.
Infinity Natural Resources Company Profile
(
Get Free Report)
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.
Further Reading
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