Infinity Natural Resources (NYSE:INR) Director David Poole Acquires 7,500 Shares

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole acquired 7,500 shares of Infinity Natural Resources stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $13.99 per share, with a total value of $104,925.00. Following the completion of the acquisition, the director owned 23,646 shares of the company’s stock, valued at $330,807.54. This trade represents a 46.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Infinity Natural Resources Stock Performance

NYSE INR traded down $1.36 on Thursday, hitting $12.50. 656,355 shares of the stock traded hands, compared to its average volume of 411,013. The stock’s fifty day simple moving average is $15.34. Infinity Natural Resources Inc. has a 12 month low of $11.13 and a 12 month high of $19.90. The company has a market cap of $793.87 million, a price-to-earnings ratio of 4.46 and a beta of -0.54. 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 announced its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%.The business had revenue of $117.06 million during the quarter. Analysts expect that Infinity Natural Resources Inc. will post 3.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. KeyCorp upped 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 note on Thursday, April 2nd. Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Finally, Citigroup dropped their price target on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Infinity Natural Resources presently has an average rating of “Hold” and a consensus target price of $22.00.

Institutional Investors Weigh In On Infinity Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of INR. Zions Bancorporation National Association UT bought a new stake in shares of Infinity Natural Resources during the 4th quarter worth $75,000. Connors Investor Services Inc. purchased a new position in shares of Infinity Natural Resources during the fourth quarter worth approximately $191,000. Lazard Asset Management LLC purchased a new position in shares of Infinity Natural Resources during the fourth quarter worth approximately $219,000. Invesco Ltd. raised its stake in shares of Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after acquiring an additional 2,643 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Infinity Natural Resources by 51.9% during the fourth quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock worth $254,000 after acquiring an additional 5,891 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.