Infinity Natural Resources (NYSE:INR) Stock: Insider Scott Gieselman Buys 10,000 Shares

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average cost of $13.06 per share, with a total value of $130,600.00. Following the purchase, the director directly owned 123,467 shares of the company’s stock, valued at $1,612,479.02. This trade represents a 8.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 21st, Scott Gieselman acquired 18,467 shares of Infinity Natural Resources stock. The shares were bought at an average cost of $12.62 per share, for a total transaction of $233,053.54.

Infinity Natural Resources Stock Up 3.3%

Shares of NYSE INR opened at $13.46 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. Infinity Natural Resources Inc. has a 12 month low of $11.13 and a 12 month high of $19.58. The firm has a market capitalization of $853.76 million, a PE ratio of 5.38 and a beta of -0.42. The firm has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $14.73.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on INR shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $27.00 target price on shares of Infinity Natural Resources in a research report on Tuesday, July 7th. Citigroup restated a “buy” rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th. Weiss Ratings raised Infinity Natural Resources from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Raymond James Financial lowered 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. Finally, Stephens dropped their target price on shares of Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Infinity Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hedge Funds Weigh In On Infinity Natural Resources

Several large investors have recently made changes to their positions in INR. Versant Capital Management Inc grew 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 worth $48,000 after acquiring an additional 1,649 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Infinity Natural Resources in the 2nd quarter worth about $139,000. Bleakley Financial Group LLC bought a new position in Infinity Natural Resources in the 4th quarter worth about $610,000. Amova Asset Management Americas Inc. grew its position in Infinity Natural Resources by 24.8% during the 4th quarter. Amova Asset Management Americas Inc. now owns 53,141 shares of the company’s stock valued at $782,000 after purchasing an additional 10,576 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Infinity Natural Resources by 28.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock valued at $853,000 after purchasing an additional 10,746 shares during the last quarter.

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.