Key Points
- Director William Quinn bought 44,000 shares of Infinity Natural Resources at an average price of $13.19, spending a total of $580,360. Following the purchase, his stake rose to 54,503 shares, a 418.93% increase in ownership.
- Infinity Natural Resources shares were up 3.1% and opened at $13.57, while the stock remains below its 50-day moving average of $15.65. The company has a market cap of $862.38 million and a 52-week range of $11.13 to $19.90.
- The company recently reported strong quarterly earnings of $1.32 per share, beating consensus estimates by $0.67 on revenue of $117.06 million. Analysts currently have a mixed view overall, with an average rating of Hold and an average target price of $22.00.
Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) Director William Quinn bought 44,000 shares of the stock in a transaction on Friday, June 5th. The stock was 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 of the company's stock, valued at $718,894.57. This represents a 418.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Infinity Natural Resources Stock Up 3.1%
INR opened at $13.57 on Tuesday. The firm's 50-day moving average is $15.65. The firm has a market capitalization of $862.38 million, a P/E ratio of 4.85 and a beta of -0.54. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. 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 released its earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.67. The company 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, research analysts anticipate that Infinity Natural Resources Inc. will post 3.29 EPS for the current fiscal year.
Analyst Ratings Changes
INR has been the topic of a number of recent research reports. Wall Street Zen lowered Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 16th. Zacks Research lowered Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Citigroup lowered their price objective on Infinity Natural Resources from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, June 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Finally, KeyCorp upped their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.00.
View Our Latest Report on Infinity Natural Resources
Hedge Funds Weigh In On Infinity Natural Resources
Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in shares of Infinity Natural Resources by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company's stock valued at $1,136,000 after acquiring an additional 1,429 shares during the period. Barclays PLC grew its holdings in Infinity Natural Resources by 10.5% in the fourth quarter. Barclays PLC now owns 24,458 shares of the company's stock valued at $360,000 after purchasing an additional 2,334 shares during the last quarter. Invesco Ltd. grew its holdings in Infinity Natural Resources by 18.6% in the fourth 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 last quarter. Geode Capital Management LLC grew its holdings in Infinity Natural Resources by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company's stock valued at $5,109,000 after purchasing an additional 4,618 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Infinity Natural Resources in the fourth quarter valued at $75,000.
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.
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