Bleakley Financial Group LLC Invests $610,000 in Infinity Natural Resources Inc. $INR

Bleakley Financial Group LLC bought a new position in Infinity Natural Resources Inc. (NYSE:INR) in the 4th quarter, Holdings Channel.com reports. The firm bought 41,434 shares of the company’s stock, valued at approximately $610,000.

Separately, Connors Investor Services Inc. acquired a new stake in shares of Infinity Natural Resources in the 4th quarter worth $191,000.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of Infinity Natural Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. KeyCorp lifted 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 report on Thursday, April 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Wall Street Zen cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research cut shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two equities 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. Based on data from MarketBeat, Infinity Natural Resources presently has an average rating of “Hold” and an average price target of $24.50.

Infinity Natural Resources Price Performance

Shares of NYSE INR opened at $13.61 on Friday. The stock has a market capitalization of $864.64 million, a P/E ratio of 4.86 and a beta of -0.33. Infinity Natural Resources Inc. has a 12 month low of $11.13 and a 12 month 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. The business’s 50-day moving average price is $16.16.

Infinity Natural Resources (NYSE:INR) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $117.06 million during the quarter. On average, analysts anticipate that Infinity Natural Resources Inc. will post 3.49 EPS for the current year.

Insider Activity at Infinity Natural Resources

In other news, Director Scott Gieselman bought 20,000 shares of Infinity Natural Resources stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $14.10 per share, with a total value of $282,000.00. Following the completion of the transaction, the director owned 70,900 shares in the company, valued at approximately $999,690. This trade represents a 39.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Sproule sold 275,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The disclosure for this sale is available in the SEC filing. 40.90% of the stock is owned by insiders.

Infinity Natural Resources 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.