Infinity Natural Resources (NYSE:INR) Downgraded by Wall Street Zen to "Buy"

Key Points

• Infinity Natural Resources (NYSE:INR) was downgraded by Wall Street Zen from a "strong-buy" to a "buy," while overall analyst coverage remains mixed with a consensus of "Moderate Buy" and an average price target of $24.50.
• The company reported an earnings beat with quarterly EPS of $1.32 versus $0.65 expected and revenue of $117.06M; the stock trades around $15.99, has a $1.01B market cap and a P/E of 18.17.
• Insider David Sproule sold 275,000 shares on March 18 for roughly $4.79M, and several hedge funds adjusted their positions in the fourth quarter.

Infinity Natural Resources (NYSE:INR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Several other analysts also recently issued reports on the stock. KeyCorp lifted their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, April 2nd. Weiss Ratings assumed coverage on shares of Infinity Natural Resources in a report on Thursday, February 5th. They set a "sell (d)" rating on the stock. Citigroup lifted their price objective on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Finally, Zacks Research raised shares of Infinity Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Infinity Natural Resources presently has a consensus rating of "Moderate Buy" and an average price target of $24.50.

Infinity Natural Resources Trading Up 0.5%

NYSE INR opened at $15.99 on Friday. The company has a fifty day simple moving average of $17.06. Infinity Natural Resources has a 12-month low of $11.13 and a 12-month high of $19.90. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.01 billion, a P/E ratio of 18.17 and a beta of -0.10.

Infinity Natural Resources (NYSE:INR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a net margin of 4.04% and a return on equity of 10.40%. The business had revenue of $117.06 million during the quarter. Sell-side analysts predict that Infinity Natural Resources will post 3.15 EPS for the current year.

Insider Activity at Infinity Natural Resources

In other news, insider David Sproule sold 275,000 shares of Infinity Natural Resources stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Infinity Natural Resources

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd raised its stake in Infinity Natural Resources by 266.3% in the 4th quarter. XTX Topco Ltd now owns 73,520 shares of the company's stock valued at $1,083,000 after acquiring an additional 53,447 shares during the period. PDT Partners LLC bought a new stake in Infinity Natural Resources in the 4th quarter valued at about $399,000. Mariner LLC bought a new stake in Infinity Natural Resources in the 4th quarter valued at about $392,000. Barclays PLC raised its stake in Infinity Natural Resources by 10.5% in the 4th quarter. Barclays PLC now owns 24,458 shares of the company's stock valued at $360,000 after acquiring an additional 2,334 shares during the period. Finally, Ieq Capital LLC bought a new stake in Infinity Natural Resources in the 4th quarter valued at about $254,000.

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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