David Poole Buys 4,000 Shares of Infinity Natural Resources (NYSE:INR) Stock

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole bought 4,000 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $54,000.00. Following the purchase, the director owned 27,646 shares in the company, valued at $373,221. The trade was a 16.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Infinity Natural Resources Stock Up 4.8%

Shares of INR opened at $13.11 on Friday. Infinity Natural Resources Inc. has a 52-week low of $11.13 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. The business’s fifty day simple moving average is $15.26. The firm has a market cap of $833.13 million, a PE ratio of 4.68 and a beta of -0.54.

Infinity Natural Resources (NYSE:INR) last announced its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $117.06 million for the quarter. As a group, research analysts anticipate that Infinity Natural Resources Inc. will post 3.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of Infinity Natural Resources by 103.5% during the 1st quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock worth $5,736,000 after acquiring an additional 165,690 shares during the period. Royal Bank of Canada raised its holdings in Infinity Natural Resources by 116.3% in the 1st quarter. Royal Bank of Canada now owns 59,946 shares of the company’s stock valued at $1,056,000 after buying an additional 32,227 shares during the period. Quantinno Capital Management LP lifted its position in Infinity Natural Resources by 28.5% in the first quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock valued at $853,000 after buying an additional 10,746 shares during the last quarter. Lazard Asset Management LLC lifted its position in Infinity Natural Resources by 618.9% in the first quarter. Lazard Asset Management LLC now owns 106,659 shares of the company’s stock valued at $1,878,000 after buying an additional 91,823 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Infinity Natural Resources by 285.3% in the first quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock valued at $5,936,000 after buying an additional 249,600 shares during the last quarter.

Wall Street Analyst Weigh In

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