Infinity Natural Resources (NYSE:INR) Director Acquires $282,000.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 20,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $14.10 per share, for a total transaction of $282,000.00. Following the acquisition, the director owned 70,900 shares of the company’s stock, valued at approximately $999,690. The trade was a 39.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, May 22nd, Scott Gieselman acquired 900 shares of Infinity Natural Resources stock. The shares were acquired at an average price of $14.34 per share, for a total transaction of $12,906.00.

Infinity Natural Resources Trading Down 1.3%

INR opened at $13.61 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.87 and a current ratio of 0.87. The business’s fifty day simple moving average is $16.16. Infinity Natural Resources Inc. has a 1-year low of $11.13 and a 1-year high of $19.90. The firm has a market capitalization of $864.64 million, a P/E ratio of 4.86 and a beta of -0.33.

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, topping the consensus estimate 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 firm had revenue of $117.06 million for the quarter. As a group, equities analysts forecast that Infinity Natural Resources Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INR shares. Wall Street Zen downgraded shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. KeyCorp upped their target price 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 upped their target price 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, Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.50.

Institutional Trading of Infinity Natural Resources

Institutional investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Infinity Natural Resources in the 4th quarter worth $75,000. Connors Investor Services Inc. bought a new position in Infinity Natural Resources during the fourth quarter valued at about $191,000. Lazard Asset Management LLC bought a new position in Infinity Natural Resources during the fourth quarter valued at about $219,000. Invesco Ltd. grew its position in Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after buying an additional 2,643 shares during the period. Finally, Wells Fargo & Company MN grew its position in Infinity Natural Resources by 51.9% during the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock valued at $254,000 after buying 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.