Infinity Natural Resources, Inc. (NYSE:INR) has declined slightly by around 5% over the past month.
Although the stock is trading close to its all-time low, analysts’ 12-month average price target suggests more than 96% upside from the current level
Infinity Natural Resources, Inc. (NYSE:INR) ranks among our Best All-Time Low Stocks to Buy Now. Recently, on June 26, Texas Capital analyst John Annis initiated coverage of the stock with a Buy rating and a $27 price target. The analyst noted Infinity as a differentiated, high-growth Appalachian operator.
He likes the company’s accelerating scale and commodity optionality. The analyst also pointed to Infinity’s recent acquisition of Ohio Utica upstream and midstream assets and called it a major transformation for the business. Texas Capital also noted that the stock trades at a discount to peers.