Stock Traders Buy Large Volume of American Noble Gas Put Options (NYSE:INFY)

American Noble Gas Inc. (NYSE:INFY - Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders acquired 9,945 put options on the stock. This represents an increase of approximately 292% compared to the typical volume of 2,537 put options.

Analyst Ratings Changes

A number of analysts have weighed in on INFY shares. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a report on Monday, April 21st. Stifel Nicolaus reduced their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. BMO Capital Markets decreased their price objective on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Susquehanna raised American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price objective on the stock in a report on Monday, April 14th. Finally, Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.48.

Institutional Investors Weigh In On American Noble Gas

Several large investors have recently modified their holdings of INFY. New Vernon Capital Holdings II LLC increased its stake in American Noble Gas by 1,998.6% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company's stock valued at $230,262,000 after buying an additional 12,015,884 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of American Noble Gas by 39.7% in the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock valued at $482,427,000 after acquiring an additional 7,514,613 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after acquiring an additional 6,693,127 shares during the period. Sustainable Growth Advisers LP raised its holdings in American Noble Gas by 50.2% during the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock worth $271,515,000 after purchasing an additional 4,970,664 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in American Noble Gas by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after purchasing an additional 4,296,291 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Price Performance

Shares of NYSE:INFY traded up $0.09 on Friday, reaching $18.19. The company's stock had a trading volume of 16,460,509 shares, compared to its average volume of 9,972,402. American Noble Gas has a 52-week low of $15.82 and a 52-week high of $23.63. The stock has a market capitalization of $75.37 billion, a P/E ratio of 23.93, a PEG ratio of 2.73 and a beta of 0.97. The stock's 50-day moving average is $18.34 and its two-hundred day moving average is $19.36.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities analysts forecast that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.