Infinity Natural Resources (NYSE:INR) Price Target Raised to $24.00 at KeyCorp

Infinity Natural Resources (NYSE:INR) had its price target hoisted by KeyCorp from $22.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on the company. Citigroup increased their price target on Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings initiated coverage on shares of Infinity Natural Resources in a research note on Thursday, February 5th. They issued a “sell (d)” rating for the company. Zacks Research lowered 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.50.

Infinity Natural Resources Trading Up 2.0%

INR stock opened at $17.40 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 19.77 and a beta of -0.10. Infinity Natural Resources has a 52-week low of $11.13 and a 52-week high of $19.90.

Infinity Natural Resources (NYSE:INR) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.65 by $0.67. The firm had revenue of $117.06 million during the quarter. Infinity Natural Resources had a return on equity of 10.40% and a net margin of 4.04%.

Insider Transactions at Infinity Natural Resources

In other news, insider David Sproule sold 275,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Infinity Natural Resources

Several institutional investors have recently added to or reduced their stakes in the stock. Connors Investor Services Inc. purchased a new stake in Infinity Natural Resources during the fourth quarter worth about $191,000. Bleakley Financial Group LLC purchased a new position in Infinity Natural Resources in the fourth quarter valued at about $610,000. Geode Capital Management LLC grew its position 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 acquiring an additional 4,618 shares during the period. 1492 Capital Management LLC grew its position in shares of Infinity Natural Resources by 5.6% during the 4th quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock valued at $3,816,000 after acquiring an additional 13,759 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Infinity Natural Resources by 11.8% during 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 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.