Infinity Natural Resources Inc. (NYSE:INR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Infinity Natural Resources Inc. (NYSE:INR) have been given an average recommendation of “Moderate Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.00.

INR has been the topic of a number of research analyst reports. 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. Citigroup decreased their price target 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. 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Finally, KeyCorp increased their price objective on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd.

Insider Buying and Selling at Infinity Natural Resources

In other Infinity Natural Resources news, Director Steven D. Gray acquired 25,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average price of $12.81 per share, for a total transaction of $320,250.00. Following the completion of the transaction, the director owned 40,000 shares of the company’s stock, valued at approximately $512,400. This represents a 166.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Poole purchased 4,000 shares of the stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $54,000.00. Following the acquisition, the director owned 27,646 shares in the company, valued at approximately $373,221. This represents a 16.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 111,400 shares of company stock worth $1,483,841. 40.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Infinity Natural Resources by 103.5% in the 1st quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after purchasing an additional 165,690 shares in the last quarter. Royal Bank of Canada lifted its position in Infinity Natural Resources by 116.3% in the 1st quarter. Royal Bank of Canada now owns 59,946 shares of the company’s stock worth $1,056,000 after buying an additional 32,227 shares during the last quarter. Quantinno Capital Management LP lifted its position in Infinity Natural Resources by 28.5% in the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock worth $853,000 after buying an additional 10,746 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Infinity Natural Resources by 618.9% in the first quarter. Lazard Asset Management LLC now owns 106,659 shares of the company’s stock worth $1,878,000 after buying an additional 91,823 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Infinity Natural Resources by 285.3% in the first quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock worth $5,936,000 after buying an additional 249,600 shares in the last quarter.

Infinity Natural Resources Trading Down 2.8%

Shares of INR opened at $12.35 on Friday. The firm’s 50 day simple moving average is $14.28. The stock has a market capitalization of $784.47 million, a P/E ratio of 4.41 and a beta of -0.49. Infinity Natural Resources has a 12 month low of $11.13 and a 12 month high of $19.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98.

Infinity Natural Resources Company Profile

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.