Scott Gieselman Purchases 900 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman bought 900 shares of Infinity Natural Resources stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $14.34 per share, for a total transaction of $12,906.00. Following the completion of the acquisition, the director owned 50,900 shares in the company, valued at approximately $729,906. The trade was a 1.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Scott Gieselman also recently made the following trade(s):

• On Tuesday, May 26th, Scott Gieselman acquired 20,000 shares of Infinity Natural Resources stock. The stock was bought at an average cost of $14.10 per share, with a total value of $282,000.00.

Infinity Natural Resources Price Performance

Shares of INR stock opened at $13.82 on Friday. The company’s 50-day moving average is $16.25. The company has a market capitalization of $877.98 million, a P/E ratio of 4.94 and a beta of -0.33. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. Infinity Natural Resources Inc. has a 1-year low of $11.13 and a 1-year high of $19.90.

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 analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%.The firm had revenue of $117.06 million during the quarter. On average, analysts anticipate that Infinity Natural Resources Inc. will post 3.49 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on INR. Wall Street Zen cut Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday. KeyCorp increased their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, Citigroup raised their price objective on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Infinity Natural Resources has a consensus rating of “Hold” and a consensus price target of $24.50.

Institutional Investors Weigh In On Infinity Natural Resources

Several institutional investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT purchased a new stake in Infinity Natural Resources during the 4th quarter worth $75,000. Connors Investor Services Inc. bought a new stake in shares of Infinity Natural Resources during the fourth quarter valued at approximately $191,000. Lazard Asset Management LLC bought a new position in shares of Infinity Natural Resources in the fourth quarter worth $219,000. Invesco Ltd. raised its holdings in 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 purchasing an additional 2,643 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Infinity Natural Resources by 51.9% in the 4th quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock worth $254,000 after acquiring an additional 5,891 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.