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

Key Points

• Infinity Natural Resources has a consensus analyst rating of “Moderate Buy”, with eight firms covering the stock and an average 12-month price target of $24.00.
• Recent analyst actions were mostly positive, including buy and strong-buy ratings from Citigroup, Texas Capital, Raymond James, KeyCorp, and RBC, though Raymond James trimmed its target from $30 to $26.
• Company insiders have been buying shares, with directors Steven D. Gray and David P. Poole making notable purchases; insiders acquired 111,400 shares in the last quarter and now own 40.90% of the stock.

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

INR has been the subject of several research analyst reports. Citigroup reiterated a "buy" rating on shares of Infinity Natural Resources in a research report on Tuesday, July 14th. Texas Capital upgraded shares of Infinity Natural Resources to a "strong-buy" rating in a research report on Thursday, June 25th. Raymond James Financial cut their target price on shares of Infinity Natural Resources from $30.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Wednesday, July 8th. KeyCorp increased their target price on Infinity Natural Resources from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $27.00 price target on shares of Infinity Natural Resources in a research note on Tuesday, July 7th.

Insider Transactions at Infinity Natural Resources

In other Infinity Natural Resources news, Director Steven D. Gray purchased 25,000 shares of the firm's stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $12.81 per share, with a total value of $320,250.00. Following the completion of the purchase, the director owned 40,000 shares of the company's stock, valued at $512,400. The trade was a 166.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David P. Poole purchased 7,500 shares of the firm's stock in a transaction on Wednesday, June 10th. The shares were acquired at an average cost of $13.99 per share, for a total transaction of $104,925.00. Following the completion of the purchase, the director directly owned 23,646 shares of the company's stock, valued at approximately $330,807.54. This represents a 46.45% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 111,400 shares of company stock valued at $1,483,841. 40.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INR. Versant Capital Management Inc raised its holdings in Infinity Natural Resources by 76.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company's stock valued at $48,000 after buying an additional 1,649 shares during the last quarter. Bank of America Corp DE raised its stake 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 valued at $5,736,000 after acquiring an additional 165,690 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Infinity Natural Resources by 116.3% during 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 during the period. Quantinno Capital Management LP grew its stake in shares of Infinity Natural Resources by 28.5% in the first quarter. Quantinno Capital Management LP now owns 48,457 shares of the company's stock worth $853,000 after purchasing an additional 10,746 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Infinity Natural Resources by 618.9% during the 1st quarter. Lazard Asset Management LLC now owns 106,659 shares of the company's stock valued at $1,878,000 after purchasing an additional 91,823 shares during the period.

Infinity Natural Resources Stock Up 2.8%

NYSE:INR opened at $13.37 on Wednesday. The stock has a market cap of $849.65 million, a PE ratio of 4.78 and a beta of -0.49. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. The firm has a 50-day simple moving average of $13.40. Infinity Natural Resources has a twelve month low of $11.13 and a twelve month high of $19.58.

Infinity Natural Resources Company Profile

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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