Infinity Natural Resources (NYSE:INR) Issues Earnings Results

Infinity Natural Resources (NYSE:INR) issued its quarterly earnings results on Tuesday. The company reported $1.32 EPS for the quarter, FiscalAI reports. The company had revenue of $117.06 million during the quarter. Infinity Natural Resources had a negative net margin of 3.79% and a negative return on equity of 6.20%.

Infinity Natural Resources Trading Down 3.0%

INR opened at $17.45 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.26. Infinity Natural Resources has a one year low of $11.13 and a one year high of $19.90. The stock has a market capitalization of $1.06 billion, a PE ratio of -39.67 and a beta of 0.23.

Analyst Ratings Changes

A number of research firms have recently weighed in on INR. Weiss Ratings assumed coverage on Infinity Natural Resources in a research report on Thursday, February 5th. They set a “sell (d)” rating on the stock. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Infinity Natural Resources presently has an average rating of “Reduce”.

Hedge Funds Weigh In On Infinity Natural Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources in the fourth quarter valued at approximately $75,000. Connors Investor Services Inc. purchased a new stake in shares of Infinity Natural Resources during the 4th quarter worth approximately $191,000. Lazard Asset Management LLC purchased a new stake in shares of Infinity Natural Resources during the 4th quarter worth approximately $219,000. Invesco Ltd. boosted its holdings 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 in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Infinity Natural Resources by 51.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after buying an additional 5,891 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.