Infinity Natural Resources Inc. (NYSE:INR) Stock Has Consensus Price Target of $24.00

Key Points

• Analysts maintain a “Moderate Buy” consensus on Infinity Natural Resources, with four buy, two strong-buy, and two sell ratings. The average 12-month price target is $24.00, well above the stock’s reported $12.92 opening price.
• Infinity Natural Resources exceeded quarterly earnings expectations, reporting $0.88 in EPS versus the $0.86 consensus on revenue of $171.02 million. Analysts project full-year EPS of approximately $3.43.
• Insiders and institutional investors have recently increased their holdings: insiders purchased 50,783 shares worth $663,625 during the last quarter, while several institutions initiated or expanded positions.

Shares of Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.00.

Several research firms recently commented on INR. Royal Bank Of Canada reissued an "outperform" rating and set a $27.00 target price on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Weiss Ratings raised Infinity Natural Resources from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Raymond James Financial decreased 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 note on Wednesday, July 8th. Citigroup restated a "buy" rating on shares of Infinity Natural Resources in a research note on Wednesday, August 19th. Finally, Zacks Research cut shares of Infinity Natural Resources from a "hold" rating to a "strong sell" rating in a report on Monday, September 28th.

Infinity Natural Resources Stock Performance

Shares of INR stock opened at $12.92 on Monday. The firm has a 50 day moving average of $13.92 and a two-hundred day moving average of $14.50. The stock has a market capitalization of $819.13 million, a PE ratio of 5.17 and a beta of -0.30. 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 has a 52 week low of $11.13 and a 52 week high of $19.58.

Infinity Natural Resources (NYSE:INR - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.02. The business had revenue of $171.02 million for the quarter. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%. On average, research analysts predict that Infinity Natural Resources will post 3.43 EPS for the current fiscal year.

Insider Activity at Infinity Natural Resources

In other news, CFO Cary D. Baetz acquired 22,000 shares of the firm's stock in a transaction dated Thursday, September 24th. The stock was acquired at an average cost of $13.44 per share, with a total value of $295,680.00. Following the transaction, the chief financial officer owned 22,000 shares in the company, valued at approximately $295,680. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Gieselman bought 18,467 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of $12.62 per share, with a total value of $233,053.54. Following the purchase, the director owned 113,467 shares of the company's stock, valued at approximately $1,431,953.54. This represents a 19.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 50,783 shares of company stock valued at $663,625 in the last quarter. 40.90% of the stock is currently owned by company insiders.

Institutional Trading of Infinity Natural Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of INR. Engineers Gate Manager LP purchased a new stake in Infinity Natural Resources during the 2nd quarter worth about $139,000. Public Employees Retirement System of Ohio purchased a new position in shares of Infinity Natural Resources in the 2nd quarter valued at about $1,116,000. Bank of New York Mellon Corp acquired a new stake in shares of Infinity Natural Resources during the 2nd quarter worth about $892,000. Versant Capital Management Inc raised its position in shares of Infinity Natural Resources by 76.8% during the 2nd 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 in the last quarter. Finally, Bank of America Corp DE lifted its stake in Infinity Natural Resources by 103.5% during the first quarter. Bank of America Corp DE now owns 325,748 shares of the company's stock worth $5,736,000 after purchasing an additional 165,690 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, with activities concentrated primarily in Ohio and West Virginia.

Infinity Natural Resources produces natural gas, natural gas liquids and crude oil from formations including the Marcellus and Utica shale plays. Its operations include leasing acreage, drilling and completing wells, and managing related gathering and infrastructure arrangements used to transport production to market.

The company was established in 2017 and has grown through the acquisition and development of Appalachian Basin assets.

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