Key Points
- Director Scott Gieselman purchased 10,000 Infinity Natural Resources shares at an average price of $13.06, investing $130,600 and increasing his direct ownership by 8.81% to 123,467 shares. He also bought 18,467 shares the previous day.
- Infinity Natural Resources recently reported quarterly EPS of $0.88, beating estimates of $0.86, on revenue of $171.02 million. The company posted an 11.64% net margin and 33.39% return on equity.
- Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24, compared with a recent share price near $13.05.
Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) Director Scott Gieselman bought 10,000 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was bought at an average cost of $13.06 per share, for a total transaction of $130,600.00. Following the transaction, the director directly owned 123,467 shares of the company's stock, valued at $1,612,479.02. The trade was a 8.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Scott Gieselman also recently made the following trade(s):
- On Monday, September 21st, Scott Gieselman bought 18,467 shares of Infinity Natural Resources stock. The stock was bought at an average price of $12.62 per share, with a total value of $233,053.54.
Infinity Natural Resources Trading Up 0.2%
Shares of NYSE INR opened at $13.05 on Thursday. 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 stock has a market capitalization of $827.88 million, a PE ratio of 5.22 and a beta of -0.42. The stock has a fifty day simple moving average of $13.97 and a 200-day simple moving average of $14.76. Infinity Natural Resources Inc. has a twelve month low of $11.13 and a twelve month high of $19.58.
Infinity Natural Resources (NYSE:INR - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $171.02 million for the quarter. On average, equities analysts forecast that Infinity Natural Resources Inc. will post 3.43 earnings per share for the current year.
Institutional Trading of Infinity Natural Resources
Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new stake in Infinity Natural Resources during the 2nd quarter worth $139,000. Public Employees Retirement System of Ohio acquired a new position in Infinity Natural Resources in the second quarter valued at $1,116,000. Bank of New York Mellon Corp acquired a new position in Infinity Natural Resources in the second quarter valued at $892,000. Versant Capital Management Inc raised its holdings in shares of Infinity Natural Resources by 76.8% in the second quarter. Versant Capital Management Inc now owns 3,796 shares of the company's stock valued at $48,000 after buying an additional 1,649 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake 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 worth $5,736,000 after buying an additional 165,690 shares during the period.
Analyst Upgrades and Downgrades
INR has been the subject of several recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $27.00 price objective on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Stephens dropped their price objective on Infinity Natural Resources from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Wednesday, July 8th. Citigroup reiterated a "buy" rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th. Weiss Ratings raised Infinity Natural Resources from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Finally, Raymond James Financial decreased their target price on Infinity Natural Resources from $30.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.00.
Read Our Latest Report on Infinity Natural Resources
Infinity Natural Resources Company Profile
(
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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