Infinity Natural Resources (NYSE:INR) Price Target Raised to $25.00 at Citigroup

Infinity Natural Resources (NYSE:INR) had its target price upped by Citigroup from $24.00 to $25.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

INR has been the topic of several other research reports. Weiss Ratings assumed coverage on shares of Infinity Natural Resources in a research note on Thursday, February 5th. They issued a “sell (d)” rating on the stock. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Infinity Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Infinity Natural Resources Stock Down 4.8%

INR opened at $17.56 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.11 billion, a PE ratio of 19.95 and a beta of 0.23. Infinity Natural Resources has a 1 year low of $11.13 and a 1 year high of $19.90.

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 for the quarter. Infinity Natural Resources had a net margin of 4.04% and a return on equity of 10.40%.

Insider Transactions at Infinity Natural Resources

In other Infinity Natural Resources news, insider David Sproule sold 275,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were 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 SEC, which is accessible through this link.

Institutional Trading of Infinity Natural Resources

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in Infinity Natural Resources by 19.5% during the fourth quarter. Russell Investments Group Ltd. now owns 248,046 shares of the company’s stock valued at $3,654,000 after purchasing an additional 40,425 shares during the period. State Street Corp grew its position in Infinity Natural Resources by 19.9% in the 4th 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. Franklin Resources Inc. grew its position in Infinity Natural Resources by 11.8% in the 4th quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock worth $19,136,000 after purchasing an additional 137,247 shares during the period. CIBC Private Wealth Group LLC raised its stake in Infinity Natural Resources by 87.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock valued at $10,540,000 after buying an additional 333,972 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Infinity Natural Resources by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after buying an additional 4,618 shares during the period.

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.