Infinity Natural Resources (NYSE:INR) Stock Price Expected to Rise, KeyCorp Analyst Says

Infinity Natural Resources (NYSE:INR) had its target price boosted by KeyCorp from $22.00 to $24.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 37.97% from the company’s previous close.

INR has been the topic of several other research reports. Citigroup lifted their price objective on Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen upgraded Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Weiss Ratings started coverage on Infinity Natural Resources in a research note on Thursday, February 5th. They issued a “sell (d)” rating on the stock. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Infinity Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $24.50.

Infinity Natural Resources Stock Performance

Shares of INR opened at $17.40 on Thursday. Infinity Natural Resources has a fifty-two week low of $11.13 and a fifty-two week high of $19.90. The company has a market capitalization of $1.10 billion, a PE ratio of 19.77 and a beta of -0.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

Infinity Natural Resources (NYSE:INR) last issued its earnings results on Tuesday, March 10th. The company reported $1.32 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 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Connors Investor Services Inc. bought a new position in shares of Infinity Natural Resources in the 4th quarter worth approximately $191,000. Bleakley Financial Group LLC bought a new stake in shares of Infinity Natural Resources during the fourth quarter valued at approximately $610,000. Geode Capital Management LLC grew its stake in Infinity Natural Resources by 1.3% in 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. 1492 Capital Management LLC raised its holdings in Infinity Natural Resources by 5.6% in the fourth quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock worth $3,816,000 after purchasing an additional 13,759 shares in the last quarter. Finally, Franklin Resources Inc. raised 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 purchasing an additional 137,247 shares in 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.