American Noble Gas (NYSE:INFY) Hits New 52-Week Low – Time to Sell?

American Noble Gas Inc. (NYSE:INFY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.59 and last traded at $13.8350, with a volume of 5113256 shares traded. The stock had previously closed at $14.04.

Analyst Ratings Changes

INFY has been the subject of several research reports. TD Cowen boosted their price target on shares of American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. BMO Capital Markets lifted their target price on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Jefferies Financial Group lowered American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 price target on the stock. in a research report on Monday, February 23rd. Finally, Stifel Nicolaus decreased their price objective on American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.89.

American Noble Gas Price Performance

The stock has a market cap of $55.88 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 2.15 and a beta of 1.02. The business’s 50 day moving average is $16.53 and its 200 day moving average is $16.97.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.11 billion. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%. As a group, analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On American Noble Gas

Several institutional investors have recently added to or reduced their stakes in INFY. NewEdge Advisors LLC boosted its holdings in American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 24,426 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in American Noble Gas in the first quarter valued at approximately $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 3,804 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Company Profile

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.