Kalei Akamine, an analyst from Bank of America Securities, reiterated the Buy rating on Infinity Natural Resources, Inc. Class A. The associated price target remains the same with $22.00.
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Kalei Akamine has given his Buy rating due to a combination of factors that highlight Infinity Natural Resources, Inc.’s strong performance and growth potential. The company’s earnings per share exceeded expectations, and its adjusted EBITDA was in line with consensus estimates, indicating robust financial health. Additionally, the initiation of a $75 million share repurchase program suggests that management believes the stock is undervalued, further supporting the Buy recommendation.
Moreover, Infinity Natural Resources achieved a record number of wells turned in line during the quarter, with several outperforming expectations, contributing to significant production growth. The company also expanded its land holdings and narrowed its production guidance to the higher end of the previous range, signaling confidence in future growth. With plans to generate substantial free cash flow by 2026, Infinity Natural Resources is well-positioned for continued success, justifying the Buy rating.
In another report released yesterday, Roth MKM also reiterated a Buy rating on the stock with a $17.00 price target.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INR in relation to earlier this year.