Key Points
- Director Steven Gray bought 25,000 shares of Infinity Natural Resources at an average price of $12.81, increasing his direct ownership to 40,000 shares. The purchase was valued at about $320,250 and represents a 166.67% increase in his stake.
- Infinity Natural Resources recently reported strong quarterly results, posting $1.32 EPS versus the $0.65 consensus estimate. The company also delivered $117.06 million in revenue, with net margin of 11.05% and return on equity of 42.90%.
- Wall Street sentiment is mixed: the stock currently has a consensus Hold rating and an average target price of $22.00. Analysts have issued both bullish and cautious calls, including recent target cuts from Citigroup and rating downgrades from other firms.
Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) Director Steven Gray bought 25,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $12.81 per share, with a total value of $320,250.00. Following the completion of the purchase, the director directly owned 40,000 shares in the company, valued at $512,400. This trade represents a 166.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Infinity Natural Resources Stock Performance
INR stock opened at $13.11 on Friday. Infinity Natural Resources Inc. has a one year low of $11.13 and a one year high of $19.90. The stock has a 50 day moving average price of $15.26. The stock has a market cap of $833.13 million, a PE ratio of 4.68 and a beta of -0.54. 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 announced its quarterly earnings data 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 company had revenue of $117.06 million during the quarter. Research analysts forecast that Infinity Natural Resources Inc. will post 3.28 earnings per share for the current fiscal year.
Institutional Trading of Infinity Natural Resources
Institutional investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC purchased a new stake in Infinity Natural Resources during the 4th quarter worth $610,000. Connors Investor Services Inc. purchased a new stake in Infinity Natural Resources during the 4th quarter worth $191,000. Quantinno Capital Management LP boosted its position in Infinity Natural Resources by 28.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company's stock worth $853,000 after purchasing an additional 10,746 shares during the period. Bank of New York Mellon Corp boosted its position in Infinity Natural Resources by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company's stock worth $1,136,000 after purchasing an additional 1,429 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Infinity Natural Resources by 285.3% during the 1st quarter. Renaissance Technologies LLC now owns 337,100 shares of the company's stock worth $5,936,000 after purchasing an additional 249,600 shares during the period.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. KeyCorp boosted their price objective on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, April 2nd. Citigroup lowered their price objective on shares of Infinity Natural Resources from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, June 2nd. Weiss Ratings reissued a "sell (d)" rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Zacks Research cut shares of Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.00.
Read Our Latest Stock Report on Infinity Natural Resources
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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