Infinity Natural Resources (NYSE:INR) Raised to Strong-Buy at Wall Street Zen

Infinity Natural Resources (NYSE:INR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also commented on INR. 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. Weiss Ratings assumed coverage on shares of Infinity Natural Resources in a report on Thursday, February 5th. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Infinity Natural Resources Stock Up 4.0%

Shares of NYSE INR opened at $18.27 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 20.76 and a beta of 0.22. Infinity Natural Resources has a one year low of $11.13 and a one year high of $19.90.

Infinity Natural Resources (NYSE:INR) last posted its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.67. The company 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%.

Hedge Funds Weigh In On Infinity Natural Resources

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

About Infinity Natural Resources

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.