American Noble Gas (NYSE:INFY) Sets New 52-Week Low - Here's What Happened

Key Points

• American Noble Gas Inc. (NYSE:INFY) reached a new 52-week low of $15.82 during trading, reflecting a decline from its previous close of $16.44.
• Analysts have mixed ratings on the stock, with a consensus price target of $17.18 and one analyst giving a Strong Buy, while two analysts rated it as Sell.
• Institutional ownership of American Noble Gas stands at 16.20%, with significant increases in holdings by firms like Pinnacle Bancorp and Rakuten Securities.

American Noble Gas Inc. (NYSE:INFY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.82 and last traded at $15.87, with a volume of 6694133 shares. The stock had previously closed at $16.44.

Analysts Set New Price Targets

A number of research analysts recently commented on INFY shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Noble Gas in a report on Wednesday, October 8th. Susquehanna increased their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Rothschild & Co Redburn started coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price target for the company. Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Finally, BMO Capital Markets boosted their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Price Performance

The firm has a fifty day moving average of $16.73 and a two-hundred day moving average of $17.46. The stock has a market capitalization of $66.42 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.81 and a beta of 0.95.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, October 16th. The technology company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Pinnacle Bancorp Inc. boosted its holdings in American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in American Noble Gas by 308.4% in the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after acquiring an additional 1,067 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in American Noble Gas in the first quarter worth about $32,000. Cullen Frost Bankers Inc. acquired a new stake in American Noble Gas in the first quarter worth about $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of American Noble Gas in the 1st quarter valued at $86,000. Institutional investors own 16.20% of the company's stock.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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