Infinity Natural Resources’ (INR) Outperform Rating Reaffirmed at Royal Bank Of Canada

Infinity Natural Resources (NYSE:INR)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $27.00 price target on the stock. Royal Bank Of Canada’s price target points to a potential upside of 119.87% from the company’s current price.

A number of other research analysts also recently issued reports on INR. KeyCorp boosted their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Infinity Natural Resources Price Performance

Shares of INR stock opened at $12.28 on Tuesday. The firm has a 50 day moving average of $14.07. Infinity Natural Resources has a one year low of $11.13 and a one year high of $19.58. The company has a market capitalization of $780.15 million, a PE ratio of 2.55 and a beta of -0.49. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87.

Insider Activity at Infinity Natural Resources

In related news, Director Scott Gieselman bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of $12.94 per share, with a total value of $129,400.00. Following the completion of the purchase, the director directly owned 95,000 shares in the company, valued at $1,229,300. The trade was a 11.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William J. Quinn purchased 44,000 shares of Infinity Natural Resources stock in a transaction on Friday, June 5th. The stock was bought at an average price of $13.19 per share, with a total value of $580,360.00. Following the completion of the acquisition, the director directly owned 54,503 shares of the company’s stock, valued at approximately $718,894.57. This trade represents a 418.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 111,400 shares of company stock worth $1,483,841. Corporate insiders own 40.90% of the company’s stock.

Hedge Funds Weigh In On Infinity Natural Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in Infinity Natural Resources by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock worth $19,136,000 after acquiring an additional 137,247 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Infinity Natural Resources by 87.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock valued at $10,540,000 after acquiring an additional 333,972 shares in the last quarter. Yaupon Capital Management LP increased its holdings in shares of Infinity Natural Resources by 25.2% during the fourth quarter. Yaupon Capital Management LP now owns 467,360 shares of the company’s stock valued at $6,884,000 after acquiring an additional 94,104 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after purchasing an additional 4,618 shares during the period. Finally, State Street Corp raised its position in shares of Infinity Natural Resources by 19.9% during the fourth quarter. State Street Corp now owns 343,138 shares of the company’s stock worth $5,054,000 after purchasing an additional 56,886 shares during the period.

About Infinity Natural Resources

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.