Insider Buying: Infinity Natural Resources (NYSE:INR) Director Buys $233,053.54 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 18,467 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of $12.62 per share, with a total value of $233,053.54. Following the completion of the transaction, the director owned 113,467 shares of the company’s stock, valued at $1,431,953.54. The trade was a 19.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 22nd, Scott Gieselman bought 10,000 shares of Infinity Natural Resources stock. The shares were purchased at an average cost of $13.06 per share, for a total transaction of $130,600.00.

Infinity Natural Resources Trading Up 0.2%

NYSE:INR traded up $0.02 on Wednesday, hitting $13.05. The stock had a trading volume of 210,475 shares, compared to its average volume of 309,451. The company has a fifty day moving average price of $13.96 and a two-hundred day moving average price of $14.79. Infinity Natural Resources Inc. has a 1-year low of $11.13 and a 1-year high of $19.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.35. The stock has a market cap of $827.88 million, a price-to-earnings ratio of 5.22 and a beta of -0.42.

Infinity Natural Resources (NYSE:INR) last released its quarterly earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. The firm had revenue of $171.02 million for the quarter. Infinity Natural Resources had a net margin of 11.64% and a return on equity of 33.39%. Equities research analysts expect that Infinity Natural Resources Inc. will post 3.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INR has been the subject of a number of recent analyst reports. Raymond James Financial cut their price objective on Infinity Natural Resources from $30.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Infinity Natural Resources in a research note on Wednesday, August 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a $27.00 price target on shares of Infinity Natural Resources in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Infinity Natural Resources from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Finally, Texas Capital upgraded shares of Infinity Natural Resources to a “strong-buy” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Infinity Natural Resources currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hedge Funds Weigh In On Infinity Natural Resources

Several hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Infinity Natural Resources by 76.8% in the second quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock valued at $48,000 after purchasing an additional 1,649 shares during the period. Engineers Gate Manager LP purchased a new position in Infinity Natural Resources in the 2nd quarter valued at approximately $139,000. Bleakley Financial Group LLC acquired a new position in shares of Infinity Natural Resources in the fourth quarter worth $610,000. Quantinno Capital Management LP grew its stake in shares of Infinity Natural Resources by 28.5% in the first quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock worth $853,000 after acquiring an additional 10,746 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its position in shares of Infinity Natural Resources by 24.8% during the fourth quarter. Amova Asset Management Americas Inc. now owns 53,141 shares of the company’s stock worth $782,000 after acquiring an additional 10,576 shares during the period.

About Infinity Natural Resources

Infinity Natural Resources, Inc (NYSE:INR) is an independent oil and natural gas exploration and production company focused on the Appalachian Basin. The company develops and operates unconventional oil and gas properties primarily in Ohio and West Virginia, where it targets formations including the Marcellus and Utica shales.

Its production portfolio includes natural gas, natural gas liquids and crude oil. Infinity Natural Resources is involved in the drilling, completion and operation of horizontal wells, as well as related gathering and infrastructure activities needed to transport its production to market.

The company was established in 2017 and has built its business around operated acreage and development opportunities in the Appalachian region.