Infinity Natural Resources Inc. (NYSE:INR) Receives $24.00 Consensus PT from Analysts

Infinity Natural Resources Inc. (NYSE:INR) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.00.

INR has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Texas Capital raised shares of Infinity Natural Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Stephens lowered their price target on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Finally, Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th.

Insider Buying and Selling

In other news, Director William J. Quinn bought 44,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $13.19 per share, for a total transaction of $580,360.00. Following the completion of the acquisition, the director owned 54,503 shares in the company, valued at approximately $718,894.57. This represents a 418.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott Gieselman purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of $12.94 per share, for a total transaction of $129,400.00. Following the completion of the transaction, the director directly owned 95,000 shares of the company’s stock, valued at approximately $1,229,300. This represents a 11.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 111,400 shares of company stock worth $1,483,841. Insiders own 40.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of Infinity Natural Resources by 76.8% during the second 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 period. Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources in the 4th quarter valued at $75,000. Connors Investor Services Inc. bought a new position in Infinity Natural Resources during the 4th quarter worth $191,000. Lazard Asset Management LLC acquired a new stake in shares of Infinity Natural Resources during the fourth quarter worth $219,000. Finally, Invesco Ltd. lifted its holdings in shares of 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 buying an additional 2,643 shares in the last quarter.

Infinity Natural Resources Stock Down 0.9%

Shares of NYSE:INR opened at $13.20 on Wednesday. The firm has a market capitalization of $838.28 million, a price-to-earnings ratio of 4.71 and a beta of -0.49. Infinity Natural Resources has a 12 month low of $11.13 and a 12 month high of $19.58. The stock’s fifty day moving average is $13.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98.

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.