Infinity Natural Resources (NYSE:INR) Stock Price Up 4% – Still a Buy?

Infinity Natural Resources Inc. (NYSE:INR) shares rose 4% during trading on Friday . The stock traded as high as $19.37 and last traded at $18.9790. Approximately 53,791 shares were traded during trading, a decline of 76% from the average daily volume of 220,248 shares. The stock had previously closed at $18.25.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Weiss Ratings initiated coverage on Infinity Natural Resources in a research report on Thursday, February 5th. They set a “sell (d)” rating for the company. Wall Street Zen upgraded shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Finally, Citigroup raised their target price on shares of Infinity Natural Resources from $18.00 to $24.00 and gave the company a “buy” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Infinity Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Infinity Natural Resources Stock Up 4.8%

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $1.21 billion, a P/E ratio of 21.74 and a beta of 0.23.

Infinity Natural Resources (NYSE:INR) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.67. The company had revenue of $117.06 million during the quarter. Infinity Natural Resources had a return on equity of 10.40% and a net margin of 4.04%.

Insider Buying and Selling at Infinity Natural Resources

In related news, insider David Sproule sold 275,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Infinity Natural Resources

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Infinity Natural Resources by 10.5% during the 4th quarter. Barclays PLC now owns 24,458 shares of the company’s stock worth $360,000 after buying an additional 2,334 shares during the last quarter. Invesco Ltd. grew its position in shares of Infinity Natural Resources by 18.6% in the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after buying an additional 2,643 shares during the last quarter. Geode Capital Management LLC raised its stake in Infinity Natural Resources by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after acquiring an additional 4,618 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Infinity Natural Resources during the 4th quarter worth $75,000. Finally, Jane Street Group LLC lifted its position in Infinity Natural Resources by 12.3% in the fourth quarter. Jane Street Group LLC now owns 49,996 shares of the company’s stock valued at $736,000 after acquiring an additional 5,490 shares during the last quarter.

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.