Infinity Natural Resources (NYSE:INR) Director Purchases $12,906.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman bought 900 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $14.34 per share, for a total transaction of $12,906.00. Following the completion of the purchase, the director directly owned 50,900 shares in the company, valued at approximately $729,906. This represents a 1.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Gieselman also recently made the following trade(s):

• On Tuesday, May 26th, Scott Gieselman bought 20,000 shares of Infinity Natural Resources stock. The stock was acquired at an average cost of $14.10 per share, for a total transaction of $282,000.00.

Infinity Natural Resources Stock Down 1.3%

INR traded down $0.18 during trading on Wednesday, reaching $13.59. The company’s stock had a trading volume of 440,051 shares, compared to its average volume of 283,809. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98. The stock has a fifty day simple moving average of $16.43. Infinity Natural Resources Inc. has a 1 year low of $11.13 and a 1 year high of $19.90. The company has a market capitalization of $863.25 million, a P/E ratio of 4.85 and a beta of -0.33.

Infinity Natural Resources (NYSE:INR) last released its earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.67. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. The business had revenue of $117.06 million for the quarter. As a group, equities analysts forecast that Infinity Natural Resources Inc. will post 3.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on INR. Citigroup lifted their price target on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Zacks Research raised shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. 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. Finally, Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Institutional Trading of Infinity Natural Resources

Several institutional investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new stake in Infinity Natural Resources in the fourth quarter valued at approximately $75,000. Connors Investor Services Inc. purchased a new stake in Infinity Natural Resources in the fourth quarter valued at approximately $191,000. Lazard Asset Management LLC purchased a new stake in Infinity Natural Resources in the fourth quarter valued at approximately $219,000. Invesco Ltd. raised its position in Infinity Natural Resources by 18.6% in the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after purchasing an additional 2,643 shares during the period. Finally, Wells Fargo & Company MN raised its position in Infinity Natural Resources by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after purchasing an additional 5,891 shares during the period.

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.