American Noble Gas Sees Unusually High Options Volume (NYSE:INFY)

Key Points

• American Noble Gas Inc. experienced an unusual spike in options trading, with 5,110 call options bought, showing a 148% increase over the typical daily volume.
• Analysts have mixed views on the stock, with BMO Capital Markets and Susquehanna raising their price targets, while Rothschild Redb downgraded it to a "strong sell," leading to an average rating of "Hold" and a consensus target price of $17.18.
• During the latest trading session, American Noble Gas stocks rose 2.5%, reaching $16.80, with a trading volume that significantly exceeded the average, indicating heightened market interest.

American Noble Gas Inc. (NYSE:INFY - Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders acquired 5,110 call options on the company. Thisrepresentsanincreaseof148% compared to the typical daily volume of 2,058 call options.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BMO Capital Markets raised their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Susquehanna raised their target price on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Rothschild Redb upgraded shares of American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, Rothschild & Co Redburn assumed coverage on shares of American Noble Gas in a research note on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.18.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INFY. KLP Kapitalforvaltning AS raised its stake in American Noble Gas by 13.3% during the first quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares during the period. Pinnacle Bancorp Inc. grew its stake in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after buying an additional 928 shares during the period. Rakuten Securities Inc. increased its holdings in shares of American Noble Gas by 308.4% during the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after buying an additional 1,067 shares during the last quarter. Naviter Wealth LLC raised its position in shares of American Noble Gas by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after buying an additional 1,109 shares during the period. Finally, Tidal Investments LLC boosted its holdings in American Noble Gas by 2.8% in the fourth quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock valued at $953,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Stock Up 2.5%

Shares of American Noble Gas stock traded up $0.42 during trading on Monday, hitting $16.80. 25,547,209 shares of the company were exchanged, compared to its average volume of 13,052,799. American Noble Gas has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The stock has a market capitalization of $69.62 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.34 and a beta of 0.91. The firm has a 50 day moving average price of $17.37 and a 200 day moving average price of $17.93.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The firm had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same quarter in the prior year, the firm earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Analysts predict that American Noble Gas will post 0.74 earnings per share for the current year.

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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