Key Points
- Director Scott Gieselman bought 20,000 shares of Infinity Natural Resources at $14.10 each, a $282,000 transaction that boosted his ownership by 39.29% to 70,900 shares.
- The company recently reported strong quarterly results, posting EPS of $1.32 versus the $0.65 consensus estimate on revenue of $117.06 million.
- Analyst sentiment is mixed, with the stock carrying an average Hold rating and a consensus price target of $24.50, while the shares last traded at $13.59.
Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) Director Scott Gieselman acquired 900 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $14.34 per share, with a total value of $12,906.00. Following the completion of the acquisition, the director directly owned 50,900 shares of the company's stock, valued at $729,906. This represents a 1.80% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
Scott Gieselman also recently made the following trade(s):
- On Tuesday, May 26th, Scott Gieselman acquired 20,000 shares of Infinity Natural Resources stock. The stock was acquired at an average price of $14.10 per share, with a total value of $282,000.00.
Infinity Natural Resources Trading Down 1.3%
Shares of NYSE:INR opened at $13.59 on Thursday. The company has a market capitalization of $863.25 million, a PE ratio of 4.85 and a beta of -0.33. Infinity Natural Resources Inc. has a 1 year low of $11.13 and a 1 year high of $19.90. The stock has a fifty day simple moving average of $16.33. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87.
Infinity Natural Resources (NYSE:INR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.67. The firm had revenue of $117.06 million during the quarter. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. On average, sell-side analysts forecast that Infinity Natural Resources Inc. will post 3.49 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on INR shares. Wall Street Zen cut shares of Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 16th. Citigroup upped their price target on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, March 31st. Weiss Ratings restated a "sell (d)" rating on shares of Infinity Natural Resources in a report on Monday, May 4th. KeyCorp upped their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. Finally, Zacks Research cut shares of Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Infinity Natural Resources presently has an average rating of "Hold" and an average target price of $24.50.
Get Our Latest Analysis on INR
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in INR. CIBC Private Wealth Group LLC raised its position in shares of Infinity Natural Resources by 87.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company's stock valued at $10,540,000 after buying an additional 333,972 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Infinity Natural Resources by 285.3% during the first quarter. Renaissance Technologies LLC now owns 337,100 shares of the company's stock valued at $5,936,000 after buying an additional 249,600 shares during the last quarter. Thomist Capital Management LP acquired a new position in shares of Infinity Natural Resources during the fourth quarter valued at about $3,082,000. Sei Investments Co. raised its position in shares of Infinity Natural Resources by 153.6% during the first quarter. Sei Investments Co. now owns 275,422 shares of the company's stock valued at $4,850,000 after buying an additional 166,810 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Infinity Natural Resources by 103.5% during the first 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 during the last quarter.
About Infinity Natural Resources
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
