Infinity Natural Resources (NYSE:INR) Director Purchases $104,925.00 in Stock

Infinity Natural Resources Inc. (NYSE:INR) Director David Poole acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average cost of $13.99 per share, with a total value of $104,925.00. Following the completion of the transaction, the director directly owned 23,646 shares in the company, valued at $330,807.54. The trade was a 46.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Infinity Natural Resources Stock Up 4.8%

Shares of Infinity Natural Resources stock opened at $13.11 on Friday. The stock has a market cap of $833.13 million, a price-to-earnings ratio of 4.68 and a beta of -0.54. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.98. The firm has a 50 day moving average of $15.26. Infinity Natural Resources Inc. has a 52 week low of $11.13 and a 52 week high of $19.90.

Wall Street Analysts Forecast Growth

INR has been the topic of a number of analyst reports. Citigroup dropped their price objective 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. 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 reaffirmed a “sell (d)” rating on shares of Infinity Natural Resources in a research note on Monday, May 4th. KeyCorp raised their price objective on shares of Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Finally, 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.00.

Institutional Investors Weigh In On Infinity Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Infinity Natural Resources by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock valued at $1,136,000 after acquiring an additional 1,429 shares during the period. Barclays PLC grew its stake in Infinity Natural Resources by 10.5% in the 4th quarter. Barclays PLC now owns 24,458 shares of the company’s stock valued at $360,000 after acquiring an additional 2,334 shares during the period. Invesco Ltd. grew its stake in Infinity Natural Resources by 18.6% in the 4th quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after acquiring an additional 2,643 shares during the period. Geode Capital Management LLC lifted its holdings in Infinity Natural Resources by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after purchasing an additional 4,618 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Infinity Natural Resources in the 4th quarter valued at $75,000.

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.