Infinity Natural Resources (NYSE:INR) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Infinity Natural Resources (NYSE:INR) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Several other research firms also recently commented on INR. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. KeyCorp lifted their price target on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Citigroup lifted their price target on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.50.

Infinity Natural Resources Stock Performance

INR stock opened at $13.59 on Tuesday. The stock has a market capitalization of $863.25 million, a P/E ratio of 4.85 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 business’s 50 day simple moving average is $16.33. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.65 by $0.67. The firm had revenue of $117.06 million for the quarter. Infinity Natural Resources had a net margin of 11.05% and a return on equity of 42.90%. On average, research analysts predict that Infinity Natural Resources will post 3.49 EPS for the current year.

Insider Activity at Infinity Natural Resources

In other news, Director Scott Gieselman bought 20,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $14.10 per share, for a total transaction of $282,000.00. Following the completion of the acquisition, the director owned 70,900 shares of the company’s stock, valued at approximately $999,690. This trade represents a 39.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David Sproule sold 275,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The SEC filing for this sale provides additional information. 40.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INR. Connors Investor Services Inc. bought a new position in shares of Infinity Natural Resources in the fourth quarter worth approximately $191,000. Bleakley Financial Group LLC bought a new stake in Infinity Natural Resources in the fourth quarter valued at $610,000. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 4,618 shares in the last quarter. 1492 Capital Management LLC boosted its holdings in Infinity Natural Resources by 5.6% in the fourth quarter. 1492 Capital Management LLC now owns 259,091 shares of the company’s stock valued at $3,816,000 after acquiring an additional 13,759 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in 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 acquiring an additional 137,247 shares in the last quarter.

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.