Infinity Natural Resources (NYSE:INR) Director Scott Gieselman Purchases 20,000 Shares of Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $14.10 per share, with a total value of $282,000.00. Following the acquisition, the director owned 70,900 shares in the company, valued at $999,690. The trade was a 39.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was acquired at an average price of $14.34 per share, with a total value of $12,906.00.

Infinity Natural Resources Price Performance

Shares of NYSE INR opened at $13.59 on Thursday. The firm has a 50 day simple moving average of $16.33. The company has a market cap of $863.25 million, a price-to-earnings ratio of 4.85 and a beta of -0.33. Infinity Natural Resources Inc. has a 1 year low of $11.13 and a 1 year high of $19.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.98.

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

Institutional Investors Weigh In On Infinity Natural Resources

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Zacks Research lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp lifted their price objective on 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 objective on 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, Wall Street Zen lowered Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Infinity Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $24.50.

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.