American Noble Gas Sees Unusually High Options Volume (NYSE:INFY)

American Noble Gas Inc. (NYSE:INFY) was the target of some unusual options trading on Thursday. Investors bought 14,424 put options on the stock. This represents an increase of 111% compared to the average volume of 6,842 put options.

Analyst Ratings Changes

A number of research firms have weighed in on INFY. TD Cowen decreased their price target on American Noble Gas from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, October 17th. Rothschild Redb raised shares of American Noble Gas to a “strong sell” rating in a research report on Wednesday, September 3rd. BMO Capital Markets decreased their target price on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research note on Monday. Finally, Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They issued a “sell” rating and a $12.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.65.

Institutional Investors Weigh In On American Noble Gas

Several hedge funds and other institutional investors have recently modified their holdings of INFY. Acadian Asset Management LLC lifted its holdings in shares of American Noble Gas by 39.7% in the 1st quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company’s stock worth $482,427,000 after purchasing an additional 7,514,613 shares during the last quarter. New Vernon Capital Holdings II LLC increased its position in American Noble Gas by 1,998.6% in the first quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company’s stock worth $230,262,000 after buying an additional 12,015,884 shares during the period. AQR Capital Management LLC increased its position in American Noble Gas by 11.2% in the first quarter. AQR Capital Management LLC now owns 10,189,724 shares of the technology company’s stock worth $184,077,000 after buying an additional 1,025,639 shares during the period. Millennium Management LLC lifted its stake in American Noble Gas by 53.5% in the first quarter. Millennium Management LLC now owns 9,153,711 shares of the technology company’s stock valued at $167,055,000 after buying an additional 3,191,155 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in American Noble Gas by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,865,525 shares of the technology company’s stock valued at $125,262,000 after buying an additional 264,189 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

American Noble Gas Trading Up 5.7%

American Noble Gas stock opened at $19.25 on Friday. American Noble Gas has a 52 week low of $15.81 and a 52 week high of $23.62. The stock has a market cap of $79.79 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 3.01 and a beta of 1.00. The stock has a 50 day moving average of $17.19 and a 200-day moving average of $17.35.

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