Investors Buy High Volume of American Noble Gas Call Options (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) saw some unusual options trading on Monday. Stock investors bought 5,110 call options on the company. This represents an increase of 148% compared to the typical daily volume of 2,058 call options.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INFY. BMO Capital Markets boosted 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 lifted their target price on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Rothschild & Co Redburn began coverage on American Noble Gas in a research report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Price Performance

NYSE INFY traded down $0.09 during trading on Friday, reaching $16.99. 12,966,767 shares of the company's stock were exchanged, compared to its average volume of 18,181,430. The business has a 50 day moving average price of $17.18 and a 200-day moving average price of $17.82. The stock has a market capitalization of $70.41 billion, a P/E ratio of 22.06, a PEG ratio of 2.44 and a beta of 0.91. American Noble Gas has a fifty-two week low of $15.82 and a fifty-two week high of $23.63.

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

Hedge Funds Weigh In On American Noble Gas

Institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. increased its position in American Noble Gas by 308.4% during the first 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. Pinnacle Bancorp Inc. increased its position in American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after buying an additional 928 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of American Noble Gas in the first quarter valued at approximately $32,000. Cullen Frost Bankers Inc. acquired a new position in shares of American Noble Gas in the first quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of American Noble Gas in the first quarter valued at approximately $86,000. Institutional investors and hedge funds 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.