KeyCorp Issues Positive Forecast for Infinity Natural Resources (NYSE:INR) Stock Price

Infinity Natural Resources (NYSE:INR) had its price objective lifted by equities research analysts at KeyCorp from $22.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 40.42% from the stock’s current price.

INR has been the topic of a number of other reports. Citigroup lifted their price target on Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings began coverage on Infinity Natural Resources in a research note on Thursday, February 5th. They issued a “sell (d)” rating for the company. Wall Street Zen upgraded shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.50.

Infinity Natural Resources Trading Down 2.9%

Shares of NYSE:INR opened at $17.09 on Thursday. Infinity Natural Resources has a 52-week low of $11.13 and a 52-week high of $19.90. The firm has a market cap of $1.08 billion, a PE ratio of 19.42 and a beta of -0.11. 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) last released its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.67. The company had revenue of $117.06 million for the quarter. Infinity Natural Resources had a return on equity of 10.40% and a net margin of 4.04%.

Insider Activity at Infinity Natural Resources

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

Hedge Funds Weigh In On Infinity Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its position in Infinity Natural Resources by 87.5% during the 4th 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. Thomist Capital Management LP acquired a new position in shares of Infinity Natural Resources in the 4th quarter worth approximately $3,082,000. Nuveen LLC lifted its position in shares of Infinity Natural Resources by 448.4% in the 4th quarter. Nuveen LLC now owns 182,098 shares of the company’s stock worth $2,682,000 after purchasing an additional 148,895 shares during the period. Franklin Resources Inc. boosted its stake in shares of Infinity Natural Resources by 11.8% in the 4th 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 last quarter. Finally, Trexquant Investment LP increased its position in shares of Infinity Natural Resources by 133.9% during the fourth quarter. Trexquant Investment LP now owns 191,175 shares of the company’s stock worth $2,816,000 after buying an additional 109,454 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.