Infinity Natural Resources (NYSE:INR) Director Acquires $282,000.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director Scott Gieselman acquired 20,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $14.10 per share, for a total transaction 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 represents a 39.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, May 22nd, Scott Gieselman acquired 900 shares of Infinity Natural Resources stock. The shares were purchased at an average price of $14.34 per share, for a total transaction of $12,906.00.

Infinity Natural Resources Price Performance

NYSE INR traded down $0.18 on Wednesday, hitting $13.59. 439,995 shares of the stock were exchanged, compared to its average volume of 283,809. Infinity Natural Resources Inc. has a 52-week low of $11.13 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $863.25 million, a P/E ratio of 4.85 and a beta of -0.33. The business’s 50-day moving average price is $16.43.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $117.06 million for the quarter. Equities analysts predict that Infinity Natural Resources Inc. will post 3.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Infinity Natural Resources

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Infinity Natural Resources by 103.5% in the 1st quarter. Bank of America Corp DE now owns 325,748 shares of the company’s stock valued at $5,736,000 after purchasing an additional 165,690 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Infinity Natural Resources by 116.3% in the 1st quarter. Royal Bank of Canada now owns 59,946 shares of the company’s stock valued at $1,056,000 after purchasing an additional 32,227 shares during the last quarter. Quantinno Capital Management LP lifted its stake 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 valued at $853,000 after purchasing an additional 10,746 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Infinity Natural Resources by 618.9% in the 1st quarter. Lazard Asset Management LLC now owns 106,659 shares of the company’s stock valued at $1,878,000 after purchasing an additional 91,823 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Infinity Natural Resources by 285.3% in the 1st quarter. Renaissance Technologies LLC now owns 337,100 shares of the company’s stock valued at $5,936,000 after purchasing an additional 249,600 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INR. Zacks Research upgraded shares of Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen lowered shares of Infinity Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup lifted their target price 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. Weiss Ratings reissued a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. Finally, KeyCorp lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.