Infinity Natural Resources (NYSE:INR) Shares Gap Down – Should You Sell?

Infinity Natural Resources Inc. (NYSE:INR)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.78, but opened at $15.00. Infinity Natural Resources shares last traded at $14.6460, with a volume of 162,028 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INR. Wall Street Zen upgraded Infinity Natural Resources from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 3rd. KeyCorp upped their price objective on Infinity Natural Resources from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Citigroup upped their price objective on Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Zacks Research raised Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Infinity Natural Resources Stock Down 5.3%

The stock’s fifty day moving average price is $16.99. 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 company has a market capitalization of $947.98 million, a price-to-earnings ratio of 16.99 and a beta of -0.33.

Infinity Natural Resources (NYSE:INR) last released 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 return on equity of 10.40% and a net margin of 4.04%.The business had revenue of $117.06 million during the quarter. As a group, research analysts forecast that Infinity Natural Resources Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling at Infinity Natural Resources

In other 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 Securities & Exchange Commission, which is accessible through the SEC website. 40.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Infinity Natural Resources

Hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT bought a new position in shares of Infinity Natural Resources in the fourth quarter worth about $75,000. Connors Investor Services Inc. bought a new position in shares of Infinity Natural Resources in the fourth quarter worth about $191,000. Lazard Asset Management LLC bought a new position in shares of Infinity Natural Resources in the fourth quarter worth about $219,000. Invesco Ltd. boosted its stake in shares of Infinity Natural Resources by 18.6% in the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after acquiring an additional 2,643 shares during the period. Finally, Ieq Capital LLC bought a new position in shares of Infinity Natural Resources in the fourth quarter worth about $254,000.

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.