Infinity Natural Resources (NYSE:INR) Trading Up 5.1% – What’s Next?

Infinity Natural Resources Inc. (NYSE:INR) was up 5.1% on Friday . The company traded as high as $18.48 and last traded at $18.3950. Approximately 76,664 shares were traded during trading, a decline of 64% from the average daily volume of 211,060 shares. The stock had previously closed at $17.50.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Zacks Research downgraded Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Weiss Ratings started coverage on Infinity Natural Resources in a research report on Thursday, February 5th. They issued a “sell (d)” rating on the stock. Finally, Wall Street Zen upgraded Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Infinity Natural Resources Price Performance

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 stock has a market cap of $1.09 billion, a P/E ratio of 20.36 and a beta of 0.23.

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

Insider Transactions at Infinity Natural Resources

In other Infinity Natural Resources news, insider David Sproule sold 275,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $4,793,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Trading of Infinity Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in INR. CIBC Private Wealth Group LLC raised its position in shares of Infinity Natural Resources by 87.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock worth $10,540,000 after acquiring an additional 333,972 shares during the last quarter. Thomist Capital Management LP bought a new position in Infinity Natural Resources in the fourth quarter valued at about $3,082,000. Nuveen LLC increased its position in Infinity Natural Resources by 448.4% in the fourth quarter. Nuveen LLC now owns 182,098 shares of the company’s stock worth $2,682,000 after purchasing an additional 148,895 shares during the period. Franklin Resources Inc. raised its holdings in 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. Finally, Trexquant Investment LP raised its holdings in Infinity Natural Resources by 133.9% during the 4th quarter. Trexquant Investment LP now owns 191,175 shares of the company’s stock worth $2,816,000 after purchasing an additional 109,454 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.