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

Infinity Natural Resources Inc. (NYSE:INR) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $24.00.

A number of analysts recently weighed in on the company. Citigroup restated a “buy” rating on shares of Infinity Natural Resources in a research note on Tuesday, July 14th. Raymond James Financial reduced their target price on Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Texas Capital raised shares of Infinity Natural Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th.

Infinity Natural Resources Trading Down 0.0%

NYSE INR opened at $13.20 on Wednesday. The firm has a market cap of $838.28 million, a PE ratio of 4.71 and a beta of -0.49. The stock’s 50 day simple moving average is $13.29. Infinity Natural Resources has a 12-month low of $11.13 and a 12-month high of $19.58. 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 Transactions at Infinity Natural Resources

In related news, Director Scott Gieselman purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of $12.94 per share, with a total value of $129,400.00. Following the completion of the acquisition, the director directly owned 95,000 shares in the company, valued at $1,229,300. The trade was a 11.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Gray acquired 25,000 shares of Infinity Natural Resources stock in a transaction dated Friday, June 12th. The stock was 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 directly owned 40,000 shares of the company’s stock, valued at approximately $512,400. This represents a 166.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 111,400 shares of company stock worth $1,483,841 over the last ninety days. 40.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Infinity Natural Resources by 76.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock worth $48,000 after purchasing an additional 1,649 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Infinity Natural Resources in the fourth quarter valued at approximately $75,000. Connors Investor Services Inc. purchased a new position in shares of Infinity Natural Resources during the fourth quarter valued at approximately $191,000. Lazard Asset Management LLC purchased a new position in shares of Infinity Natural Resources during the fourth quarter valued at approximately $219,000. Finally, Invesco Ltd. boosted its position in Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after acquiring an additional 2,643 shares during the last quarter.

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.