Infinity Natural Resources (NYSE:INR) Stock: Insider Scott Gieselman Acquires 18,467 Shares

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 18,467 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were bought at an average cost of $12.62 per share, for a total transaction of $233,053.54. Following the transaction, the director directly owned 113,467 shares in the company, valued at approximately $1,431,953.54. This represents a 19.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 22nd, Scott Gieselman purchased 10,000 shares of Infinity Natural Resources stock. The shares were acquired at an average price of $13.06 per share, with a total value of $130,600.00.

Infinity Natural Resources Trading Up 3.3%

NYSE:INR opened at $13.46 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $13.98 and a 200-day moving average of $14.73. The company has a market cap of $853.76 million, a PE ratio of 5.38 and a beta of -0.42. Infinity Natural Resources Inc. has a one year low of $11.13 and a one year high of $19.58.

Infinity Natural Resources (NYSE:INR) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The business had revenue of $171.02 million during the quarter. Infinity Natural Resources had a return on equity of 33.39% and a net margin of 11.64%. As a group, equities research analysts expect that Infinity Natural Resources Inc. will post 3.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INR shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $27.00 price objective on shares of Infinity Natural Resources in a research note on Tuesday, July 7th. Stephens lowered their target price on Infinity Natural Resources from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Infinity Natural Resources in a research report on Wednesday, August 19th. Weiss Ratings upgraded Infinity Natural Resources from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Finally, Texas Capital raised Infinity Natural Resources to a “strong-buy” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Infinity Natural Resources by 76.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,796 shares of the company’s stock worth $48,000 after acquiring an additional 1,649 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Infinity Natural Resources during the second quarter worth about $139,000. Bleakley Financial Group LLC purchased a new position in shares of Infinity Natural Resources in the 4th quarter worth about $610,000. Quantinno Capital Management LP boosted its holdings in shares of Infinity Natural Resources by 28.5% in the 1st quarter. Quantinno Capital Management LP now owns 48,457 shares of the company’s stock worth $853,000 after purchasing an additional 10,746 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its position in shares of Infinity Natural Resources by 24.8% during the 4th quarter. Amova Asset Management Americas Inc. now owns 53,141 shares of the company’s stock valued at $782,000 after purchasing an additional 10,576 shares during the last quarter.

Infinity Natural Resources Company Profile

Infinity Natural Resources, Inc (NYSE:INR) is an independent oil and natural gas exploration and production company focused on the Appalachian Basin. The company develops and operates unconventional oil and gas properties primarily in Ohio and West Virginia, where it targets formations including the Marcellus and Utica shales.

Its production portfolio includes natural gas, natural gas liquids and crude oil. Infinity Natural Resources is involved in the drilling, completion and operation of horizontal wells, as well as related gathering and infrastructure activities needed to transport its production to market.

The company was established in 2017 and has built its business around operated acreage and development opportunities in the Appalachian region.