Infinity Natural Resources (NYSE:INR) Director Scott Gieselman Acquires 10,000 Shares

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 10,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $12.94 per share, with a total value of $129,400.00. Following the completion of the transaction, the director owned 95,000 shares of the company’s stock, valued at approximately $1,229,300. This represents a 11.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, May 26th, Scott Gieselman bought 20,000 shares of Infinity Natural Resources stock. The stock was acquired at an average cost of $14.10 per share, for a total transaction of $282,000.00.
• On Friday, May 22nd, Scott Gieselman purchased 900 shares of Infinity Natural Resources stock. The shares were acquired at an average cost of $14.34 per share, with a total value of $12,906.00.

Infinity Natural Resources Stock Down 2.4%

Shares of INR stock opened at $12.86 on Friday. The stock’s fifty day simple moving average is $14.90. The company has a market cap of $816.74 million, a P/E ratio of 4.59 and a beta of -0.54. 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 Inc. has a twelve month low of $11.13 and a twelve month high of $19.90.

Wall Street Analysts Forecast Growth

INR has been the topic of a number of research analyst reports. KeyCorp raised 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. Citigroup dropped their price objective on shares of Infinity Natural Resources from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Zacks Research lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.00.

Institutional Investors Weigh In On Infinity Natural Resources

A number of institutional investors have recently added to or reduced their stakes in INR. Zions Bancorporation National Association UT bought a new position in shares of Infinity Natural Resources during the fourth quarter valued at $75,000. Connors Investor Services Inc. bought a new stake in shares of Infinity Natural Resources in the fourth quarter worth $191,000. Lazard Asset Management LLC acquired a new stake in Infinity Natural Resources in the fourth quarter valued at $219,000. Invesco Ltd. raised its position in Infinity Natural Resources by 18.6% during the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock worth $248,000 after purchasing an additional 2,643 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Infinity Natural Resources by 51.9% during the 4th quarter. Wells Fargo & Company MN now owns 17,246 shares of the company’s stock worth $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.