Insider Buying: Infinity Natural Resources (NYSE:INR) Director Purchases 25,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Steven Gray purchased 25,000 shares of the stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $12.81 per share, for a total transaction of $320,250.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $512,400. The trade was a 166.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Infinity Natural Resources Stock Performance

NYSE INR traded up $0.60 during mid-day trading on Friday, reaching $13.11. 571,294 shares of the stock were exchanged, compared to its average volume of 305,429. Infinity Natural Resources Inc. has a 1-year low of $11.13 and a 1-year high of $19.90. The firm’s fifty day simple moving average is $15.34. The firm has a market capitalization of $833.16 million, a PE ratio of 4.68 and a beta of -0.54. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87.

Infinity Natural Resources (NYSE:INR) last announced its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. The firm had revenue of $117.06 million for the quarter. On average, analysts anticipate that Infinity Natural Resources Inc. will post 3.28 EPS for the current year.

Institutional Investors Weigh In On Infinity Natural Resources

Institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in Infinity Natural Resources during the fourth quarter worth about $75,000. Connors Investor Services Inc. acquired a new position in shares of Infinity Natural Resources in the 4th quarter valued at about $191,000. Lazard Asset Management LLC purchased a new stake in shares of Infinity Natural Resources during the 4th quarter worth about $219,000. Invesco Ltd. increased its position in Infinity Natural Resources by 18.6% during the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Infinity Natural Resources by 51.9% during the 4th quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock worth $254,000 after purchasing an additional 5,891 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. KeyCorp raised their target price on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Citigroup decreased their target price on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.00.

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.