American Noble Gas Inc. (NYSE:INFY) Given Consensus Rating of “Hold” by Analysts

Shares of American Noble Gas Inc. (NYSE:INFY) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.65.

INFY has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research note on Monday. BMO Capital Markets cut their price objective on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, October 17th. Rothschild Redb raised American Noble Gas to a “strong sell” rating in a research report on Wednesday, September 3rd. Rothschild & Co Redburn initiated coverage on American Noble Gas in a report on Wednesday, September 3rd. They set a “sell” rating and a $12.00 price target for the company. Finally, TD Cowen cut their price objective on shares of American Noble Gas from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, October 17th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aprio Wealth Management LLC raised its stake in American Noble Gas by 26.8% in the first quarter. Aprio Wealth Management LLC now owns 13,438 shares of the technology company’s stock valued at $245,000 after purchasing an additional 2,839 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in American Noble Gas by 25.6% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 18,665 shares of the technology company’s stock valued at $341,000 after buying an additional 3,800 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in American Noble Gas by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after buying an additional 3,804 shares during the period. Panagora Asset Management Inc. raised its position in shares of American Noble Gas by 0.4% in the 1st quarter. Panagora Asset Management Inc. now owns 1,260,318 shares of the technology company’s stock valued at $23,001,000 after buying an additional 5,583 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of American Noble Gas by 329.0% in the 1st quarter. Brooklyn Investment Group now owns 10,192 shares of the technology company’s stock valued at $186,000 after buying an additional 7,816 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

American Noble Gas Stock Performance

Shares of NYSE:INFY opened at $18.08 on Thursday. American Noble Gas has a 52-week low of $15.81 and a 52-week high of $23.63. The company has a market capitalization of $74.92 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.94 and a beta of 1.00. The company has a 50-day simple moving average of $17.01 and a 200 day simple moving average of $17.35.

American Noble Gas (NYSE:INFY) last released its quarterly earnings data on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. American Noble Gas had a return on equity of 29.40% and a net margin of 16.58%.The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.04 billion. As a group, equities analysts forecast that American Noble Gas will post 0.74 earnings per share for the current year.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.