Infinity Natural Resources (NYSE:INR) Price Target Raised to $25.00

Infinity Natural Resources (NYSE:INR) had its price objective increased by Citigroup from $24.00 to $25.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

INR has been the topic of several other reports. Zacks Research cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Wall Street Zen raised shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Weiss Ratings assumed coverage on shares of Infinity Natural Resources in a research report on Thursday, February 5th. They issued a “sell (d)” rating on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.50.

Infinity Natural Resources Stock Performance

Shares of Infinity Natural Resources stock opened at $17.40 on Tuesday. Infinity Natural Resources has a twelve month low of $11.13 and a twelve month high of $19.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.10 billion, a PE ratio of 19.77 and a beta of -0.10.

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

Insider Buying and Selling

In other Infinity Natural Resources news, insider David Sproule sold 275,000 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Infinity Natural Resources

Institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its position in shares of Infinity Natural Resources by 87.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company’s stock valued at $10,540,000 after purchasing an additional 333,972 shares during the last quarter. Thomist Capital Management LP bought a new stake in Infinity Natural Resources in the fourth quarter worth $3,082,000. Nuveen LLC lifted 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 buying an additional 148,895 shares during the last quarter. Franklin Resources Inc. boosted its stake in Infinity Natural Resources by 11.8% during the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company’s stock worth $19,136,000 after buying an additional 137,247 shares during the period. Finally, Trexquant Investment LP increased its position in Infinity Natural Resources by 133.9% during the fourth quarter. Trexquant Investment LP now owns 191,175 shares of the company’s stock valued at $2,816,000 after acquiring 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.