Raymond James Lifts Infinity Natural Resources (INR) PT to $28 Amidst Strong Q1 2025 Performance

Infinity Natural Resources Inc. (NYSE:INR) is one of the cheap new stocks to buy according to analysts. On June 11, Raymond James raised its price target on Infinity Natural Resources to $28 from $26, while maintaining a Strong Buy rating. This adjustment followed the Q1 2025 earnings report released earlier on May 13, after which Raymond James noted a steady first quarter for the company.

Raymond James also highlighted positive implications from EOG’s acquisition of Encino, as this removed Infinity Natural Resources’ primary competition from a consolidation perspective. In Q1, Infinity placed 6 wells into sales on budget and ahead of schedule, which totaled ~83,000 lateral feet. This included 1 oil well in the Utica Shale in Ohio in early January and 5 natural gas wells in the Marcellus Shale in Pennsylvania in late March.

Aerial view of a major oil rig in the middle of the sea, pumping crude oil.

The company also accelerated a natural gas-weighted project by contracting a second drilling rig to drill 4 natural gas wells in the Marcellus Shale in Pennsylvania, which are expected to begin sales this summer. Infinity Natural Resources’ total net daily production for the quarter was 26.5 MBoe/d, which composed of ~31% oil and 55% liquids and showed a 13% sequential growth.

Infinity Natural Resources Inc. (NYSE:INR) acquires, explores, and develops properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the US.

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 best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.