Infinity Natural Resources Inc. (NYSE:INR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Infinity Natural Resources Inc. (NYSE:INR) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Texas Capital raised shares of Infinity Natural Resources to a “strong-buy” rating in a report on Thursday. Citigroup cut their price target on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th.

Infinity Natural Resources Stock Up 1.9%

Shares of NYSE:INR opened at $12.95 on Friday. The stock’s 50 day simple moving average is $14.47. Infinity Natural Resources has a 12-month low of $11.13 and a 12-month high of $19.58. The firm has a market cap of $822.93 million, a price-to-earnings ratio of 4.63 and a beta of -0.54. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87.

Insider Activity at Infinity Natural Resources

In other Infinity Natural Resources news, Director Steven D. Gray purchased 25,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $12.81 per share, with a total value of $320,250.00. Following the completion of the purchase, the director owned 40,000 shares of the company’s stock, valued at approximately $512,400. The trade was a 166.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott Gieselman purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $14.10 per share, with a total value of $282,000.00. Following the purchase, the director directly owned 70,900 shares of the company’s stock, valued at approximately $999,690. The trade was a 39.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 111,400 shares of company stock worth $1,483,841 in the last 90 days. 40.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Infinity Natural Resources

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Infinity Natural Resources by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock worth $1,136,000 after buying an additional 1,429 shares during the period. Barclays PLC increased its position in shares of Infinity Natural Resources by 10.5% during the fourth quarter. Barclays PLC now owns 24,458 shares of the company’s stock worth $360,000 after buying an additional 2,334 shares during the period. Invesco Ltd. increased its position in shares of 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 buying an additional 2,643 shares during the period. Geode Capital Management LLC increased its position in shares of Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock worth $5,109,000 after buying an additional 4,618 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Infinity Natural Resources during the fourth quarter worth $75,000.

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.