Infinity Natural Resources Inc. (NYSE:INR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Infinity Natural Resources has a “Moderate Buy” consensus rating from eight analysts, with four buys, two strong buys, one hold and one sell. The average 12-month price target is $24.00, above the reported opening price of $15.18.
• The company exceeded quarterly earnings expectations, reporting $0.88 in EPS versus the $0.86 consensus on $171.02 million in revenue. Analysts expect full-year EPS of approximately $3.43.
• Company insiders own 40.9% of the stock, and two directors recently purchased a combined 35,000 shares. Institutional investors have also increased or initiated positions in the company.

Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.00.

Several equities analysts recently commented on INR shares. Citigroup reaffirmed a "buy" rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th. Stephens dropped their price objective on Infinity Natural Resources from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Wednesday, July 8th. Wall Street Zen downgraded Infinity Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 16th. Raymond James Financial dropped their price target on Infinity Natural Resources from $30.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $27.00 price objective on shares of Infinity Natural Resources in a research note on Tuesday, July 7th.

Infinity Natural Resources Price Performance

Shares of NYSE:INR opened at $15.18 on Thursday. The business has a fifty day simple moving average of $13.77 and a 200-day simple moving average of $14.97. Infinity Natural Resources has a 52 week low of $11.13 and a 52 week high of $19.58. The company has a market cap of $962.91 million, a P/E ratio of 6.07 and a beta of -0.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.35.

Infinity Natural Resources (NYSE:INR - Get Free Report) last posted 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 company had revenue of $171.02 million during the quarter. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%. Equities research analysts forecast that Infinity Natural Resources will post 3.43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Scott Gieselman purchased 10,000 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $12.94 per share, for a total transaction of $129,400.00. Following the acquisition, the director directly owned 95,000 shares in the company, valued at $1,229,300. The trade was a 11.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven D. Gray bought 25,000 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $12.81 per share, with a total value of $320,250.00. Following the completion of the purchase, the director directly owned 40,000 shares of the company's stock, valued at approximately $512,400. This represents a 166.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 40.90% of the company's stock.

Institutional Investors Weigh In On Infinity Natural Resources

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Infinity Natural Resources by 224.7% during the second quarter. California State Teachers Retirement System now owns 2,883 shares of the company's stock worth $37,000 after buying an additional 1,995 shares in the last quarter. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 1,649 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Infinity Natural Resources during the 4th quarter valued at $75,000. Engineers Gate Manager LP acquired a new position in Infinity Natural Resources during the 2nd quarter worth $139,000. Finally, Connors Investor Services Inc. bought a new stake in shares of Infinity Natural Resources in the 4th quarter worth about $191,000.

About Infinity Natural Resources

We are a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Additionally, we have proven our ability to grow our acreage position through organic leasing efforts and accretive acquisitions.

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