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

Key Points

• Analyst sentiment is moderately bullish: Eight brokerages give Infinity Natural Resources an average “Moderate Buy” rating, with a consensus 12-month price target of $24.00 versus the stock’s $14.09 opening price.
• Quarterly results modestly exceeded expectations: The company reported $0.88 in EPS, beating consensus by $0.02, on quarterly revenue of $171.02 million.
• Insider and institutional interest has increased: Insiders bought 111,400 shares worth about $1.48 million in the last quarter, while several major institutions expanded their positions; insiders own 40.9% of the company.

Infinity Natural Resources Inc. (NYSE:INR - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are covering the firm, 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 given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.00.

INR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $27.00 target price on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Raymond James Financial decreased their price objective on shares of Infinity Natural Resources from $30.00 to $26.00 and set a "strong-buy" rating for the company in a report on Wednesday, July 8th. Stephens decreased their price target on shares of Infinity Natural Resources from $24.00 to $23.00 and set an "overweight" rating for the company in a research note on Wednesday, July 8th. Citigroup reiterated a "buy" rating on shares of Infinity Natural Resources in a report on Tuesday, July 14th. Finally, Texas Capital raised Infinity Natural Resources to a "strong-buy" rating in a research report on Thursday, June 25th.

Infinity Natural Resources Stock Performance

Shares of Infinity Natural Resources stock opened at $14.09 on Friday. The business has a fifty day moving average of $13.02. The company has a market cap of $895.07 million, a PE ratio of 5.64 and a beta of -0.52. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35. Infinity Natural Resources has a one year low of $11.13 and a one year high of $19.58.

Infinity Natural Resources (NYSE:INR - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.02. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%.The business had revenue of $171.02 million during the quarter. Analysts predict that Infinity Natural Resources will post 3.64 EPS for the current year.

Insider Buying and Selling at Infinity Natural Resources

In other news, Director David P. Poole purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $13.50 per share, for a total transaction of $54,000.00. Following the completion of the transaction, the director owned 27,646 shares in the company, valued at $373,221. This represents a 16.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William J. Quinn bought 44,000 shares of the stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $13.19 per share, for a total transaction of $580,360.00. Following the completion of the purchase, the director owned 54,503 shares in the company, valued at approximately $718,894.57. This represents a 418.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 111,400 shares of company stock valued at $1,483,841 over the last quarter. Insiders own 40.90% of the company's stock.

Hedge Funds Weigh In On Infinity Natural Resources

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Infinity Natural Resources during the second quarter worth approximately $892,000. Versant Capital Management Inc raised its stake in shares of Infinity Natural Resources by 76.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company's stock valued at $48,000 after purchasing an additional 1,649 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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. Royal Bank of Canada grew its stake in Infinity Natural Resources by 116.3% in the first quarter. Royal Bank of Canada now owns 59,946 shares of the company's stock worth $1,056,000 after purchasing an additional 32,227 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Infinity Natural Resources by 28.5% in the first quarter. Quantinno Capital Management LP now owns 48,457 shares of the company's stock valued at $853,000 after buying an additional 10,746 shares during the last quarter.

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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