Infinity Natural Resources (NYSE:INR) Director David Poole Acquires 7,500 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole purchased 7,500 shares of the stock in a transaction dated Wednesday, June 10th. The shares were bought at an average price of $13.99 per share, for a total transaction of $104,925.00. Following the completion of the acquisition, the director owned 23,646 shares in the company, valued at $330,807.54. This represents a 46.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Infinity Natural Resources Stock Down 9.8%

Infinity Natural Resources stock opened at $12.50 on Friday. The firm’s fifty day moving average is $15.34. 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 12 month low of $11.13 and a 12 month high of $19.90. The stock has a market cap of $793.90 million, a PE ratio of 4.46 and a beta of -0.54.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, beating the consensus estimate 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 business had revenue of $117.06 million for the quarter. On average, equities research analysts expect that Infinity Natural Resources Inc. will post 3.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Infinity Natural Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT acquired a new position in Infinity Natural Resources during the 4th quarter worth $75,000. Connors Investor Services Inc. acquired a new position in Infinity Natural Resources during the 4th quarter worth $191,000. Lazard Asset Management LLC bought a new position in shares of Infinity Natural Resources during the 4th quarter worth about $219,000. Invesco Ltd. increased its holdings in shares of 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 during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of 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 during the period.

Analyst Upgrades and Downgrades

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

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.