Infinity Natural Resources initiated with an Outperform at RBC Capital

RBC Capital initiated coverage of Infinity Natural Resources (INR) with an Outperform rating and $30 price target The company’s “unique position” in the Utica combo and Marcellus dry gas provides “flexible exposure” to both natural gas and oil, the analyst tells investors in a research note. The firm says Infinity’s development is in the early stages, resulting in high growth rates, yet there is near-term visibility to generate free cash flow.