Latest news with #InfinityNaturalResources
Yahoo
3 days ago
- Business
- Yahoo
Infinity Natural Resources (INR) Slumped This Week. Here is Why.
The share price of Infinity Natural Resources, Inc. (NYSE:INR) fell by 15.84% between June 30 and July 8, 2025, putting it among the Energy Stocks that Lost the Most This Week. A drilling rig in an oil field, the sun setting over the horizon. Infinity Natural Resources, Inc. (NYSE:INR) is an independent exploration and production company dedicated to the Appalachian region. Infinity Natural Resources, Inc. (NYSE:INR) suffered a setback this week after analysts at RBC Capital lowered the firm's price target from $29 to $26, while maintaining an 'Outperform' rating on its shares. The revised outlook reflects RBC's revision on commodity prices, with the global investment bank lowering its forecast for WTI crude from $64.19 to $62.25 per barrel in 2025 and from $57.12 to $52.50 per barrel in 2026. Following the recent downturn, the share price of Infinity Natural Resources, Inc. (NYSE:INR) has slumped by almost 30% since its IPO in late January. While we acknowledge the potential of INR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-07-2025
- Business
- Business Insider
RBC Capital Keeps Their Buy Rating on Infinity Natural Resources, Inc. Class A (INR)
In a report released on July 1, Scott Hanold from RBC Capital maintained a Buy rating on Infinity Natural Resources, Inc. Class A, with a price target of $29.00. The company's shares closed yesterday at $16.64. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Hanold is a top 25 analyst with an average return of 30.6% and a 70.22% success rate. Hanold covers the Energy sector, focusing on stocks such as EOG Resources, Matador Resources, and Expand Energy. Infinity Natural Resources, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of $25.75, implying a 54.75% upside from current levels. In a report released on June 30, Citi also maintained a Buy rating on the stock with a $25.00 price target. The company has a one-year high of $23.00 and a one-year low of $13.64. Currently, Infinity Natural Resources, Inc. Class A has an average volume of 286.9K.
Yahoo
25-06-2025
- Business
- Yahoo
Siebert Williams Shank & Co Begins Coverage on Infinity Natural Resources (INR) Stock, Gives Buy
Infinity Natural Resources, Inc. (NYSE:INR) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Siebert Williams Shank & Co analyst Gabriele Sorbara initiated coverage on the company's stock with a 'Buy' rating and a price objective of $23. The analyst's rating is backed by a combination of factors demonstrating the company's robust growth potential and strategic positioning. Notably, Infinity Natural Resources, Inc. (NYSE:INR) happens to be a unique, small-cap exploration and production firm in the Appalachia region, emphasizing oil and gas with an increased reinvestment rate, which can fuel significant production growth. Robert F. Ettner, Natural Resources Staff Officer, Siskiyou National Forest, US Forest Service While this growth strategy impacts near-term FCF, it is expected to result in a more attractive valuation regarding enterprise value to EBITDA and net asset value. Furthermore, the analyst highlighted that Infinity Natural Resources, Inc. (NYSE:INR) possesses a clean balance sheet, offering the ability for potential acquisitions and development acceleration. The company's ability to switch between liquids and dry gas development, along with robust margins and low-cost structure, helps its competitive edge, added Sorbara. Infinity Natural Resources, Inc. (NYSE:INR) delivered robust operational performance in Q1 2025, with production of ~26.5 MBoe/d, demonstrating 13% sequential growth as compared to Q4 2024, aided by consistent well performance throughout the asset base. While we acknowledge the potential of INR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
What's the future of state park funding? Ohio Senate uses fracking bonuses for bottom line
When Ohio Republicans pitched fracking in state parks in 2011, one of their selling points was a cash infusion for state parks. But a Senate change would put that money toward regular operations instead. That has some Ohioans who rely on those parks concerned about future funding. "We're very rural and we depend on the income that tourism generates for our local economy," said Shannon Wells, director of economic development for Morgan County, which has three state parks and two wildlife areas. "The reduction in funding could impact law enforcement, other staffing that the state parks find critical to operate." A spokesman for Senate Republicans said those fears are unfounded. Sen. Jerry Cirino, R-Kirtland, told Ohio Public Radio that fracking royalties 'don't belong to ODNR (Ohio Department of Natural Resources). They belong to the people of the state of Ohio.' In December 2024, Ohio approved oil and gas drilling under hundreds of acres of Salt Fork State Park. It was the first − and so far only − state park approved for fracking after state lawmakers kick-started the application process in December 2022. More:Get The Scoop!: Sign up for our weekly Ohio politics newsletter As part of that deal, West Virginia-based Infinity Natural Resources paid $59.7 million in lease bonuses. State law requires 30% of that money to go toward improvements to Salt Fork State Park. In March, Ohio doled out $9.6 million to replace a beach shelter house, build a new concession stand, resurface parking areas and make other repairs. The remaining money is put into a special fund for state parks. Rather than dole that money out, Senate Republicans' two-year budget would cut $35.3 million from Ohio Department of Natural Resources' budget and backfill that money with the signing bonuses, effectively flat-funding the department. Tracy Simons, Morgan County's executive director of tourism, wonders why lawmakers are relying on a pot of money from fracking bonuses that isn't guaranteed going forward. "People could lose their jobs. It's just a snowball effect." Simons said state parks are the lifeblood of tourism for smaller counties like hers. "It would be detrimental to our county as a whole," she said. "Many of our small businesses here rely on tourism and the dollars that it brings in." ODNR is reviewing a proposal, a spokesman said. The Ohio Senate is expected to pass the state budget soon. Then, lawmakers in the House and Senate will hash out differences before sending it to Gov. Mike DeWine. The deadline for a balanced budget is June 30. State government reporter Jessie Balmert can be reached at jbalmert@ or @jbalmert on X. This article originally appeared on Cincinnati Enquirer: Locals who rely on state parks tourism worry about Senate budget plan
Business Wire
16-05-2025
- Business
- Business Wire
Infinity Natural Resources, Inc. to Participate in Upcoming Second Quarter 2025 Investor Conferences
MORGANTOWN, W.V.--(BUSINESS WIRE)--Infinity Natural Resources, Inc. ('Infinity' or the 'Company') (NYSE: INR) announced today that it will be attending the following investor events in the second quarter of 2025: Citi's 2025 Spotlight on SMID Energy Day, May 22, New York, NY; and 2025 RBC Capital Markets Global Energy, Power & Infrastructure Conference, June 3-4, New York, NY. Members of the senior leadership team, including Zack Arnold (President and CEO), David Sproule (EVP and CFO), Ryan Warner (SVP of Commercial and Production), and Gregory Pipkin Jr. (SVP of Corporate Development and Strategy), are expected to participate across these upcoming events. About Infinity Infinity (NYSE: INR) is a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Our operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania.
