Infinity Natural Resources (NYSE:INR) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Infinity Natural Resources (NYSE:INR) from "buy" to "strong-buy"; overall coverage is mixed (1 Strong Buy, 2 Buy, 1 Sell) with an average rating of "Moderate Buy" and an average target price of $24.50.
• The company beat quarterly expectations, reporting EPS of $1.32 vs. a $0.65 consensus and $117.06 million in revenue, with a net margin of 4.04% and analysts forecasting about 3.41 EPS for the fiscal year.
• Insider David Sproule sold 275,000 shares for roughly $4.79 million on March 18, even as several institutional investors (including Franklin, CIBC and State Street) increased their fourth-quarter holdings.

Infinity Natural Resources (NYSE:INR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

A number of other research firms have also recently issued reports on INR. Weiss Ratings began coverage on shares of Infinity Natural Resources in a report on Thursday, February 5th. They issued a "sell (d)" rating for the company. Citigroup raised their price target 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. Zacks Research raised shares of Infinity Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. Finally, KeyCorp raised their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.50.

Infinity Natural Resources Price Performance

Shares of INR stock opened at $16.27 on Friday. The stock has a 50-day moving average of $17.04. The company has a market cap of $1.03 billion, a P/E ratio of 18.49 and a beta of -0.33. Infinity Natural Resources has a one year low of $11.13 and a one year high of $19.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57.

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, topping analysts' consensus estimates of $0.65 by $0.67. The business had revenue of $117.06 million during the quarter. Infinity Natural Resources had a net margin of 4.04% and a return on equity of 10.40%. On average, research analysts expect that Infinity Natural Resources will post 3.41 EPS for the current fiscal year.

Insider Activity

In other news, insider David Sproule sold 275,000 shares of Infinity Natural Resources stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $4,793,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Infinity Natural Resources

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its position in shares of Infinity Natural Resources by 11.8% in the fourth quarter. Franklin Resources Inc. now owns 1,299,091 shares of the company's stock valued at $19,136,000 after purchasing an additional 137,247 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Infinity Natural Resources by 87.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 715,562 shares of the company's stock valued at $10,540,000 after purchasing an additional 333,972 shares during the period. Yaupon Capital Management LP grew its position in shares of Infinity Natural Resources by 25.2% in the fourth quarter. Yaupon Capital Management LP now owns 467,360 shares of the company's stock valued at $6,884,000 after purchasing an additional 94,104 shares during the period. Geode Capital Management LLC grew its position in shares of Infinity Natural Resources by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company's stock valued at $5,109,000 after purchasing an additional 4,618 shares during the period. Finally, State Street Corp grew its position in shares of Infinity Natural Resources by 19.9% in the fourth quarter. State Street Corp now owns 343,138 shares of the company's stock valued at $5,054,000 after purchasing an additional 56,886 shares during the period.

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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