Raymond James Raises Infinity Natural Resources (INR) to $29 Amid Q2 Production Growth, Lower Operating Costs

Infinity Natural Resources Inc. (NYSE:INR) is one of the best IPO stocks to buy according to Wall Street analysts. Earlier on July 22, Raymond James analyst John Freeman raised the firm’s price target on Infinity Natural Resources to $29 from $28, while maintaining a Strong Buy rating on the shares. While macro uncertainty remains, the oil prices are recovering, and so Raymond James sees minimal activity changes from management teams.

Following this sentiment, Infinity Natural Resources held its Q2 2025 earnings call in August and reported a 25% production increase, with average daily production reaching 33.1 MBOE per day, up from 26.5 MBOE per day in Q1. This was a 28% year-over-year rise in net production due to the successful development of Marcellus Shale wells.

Infinity improved its efficiency, with operating costs per barrel of oil equivalent declining to $7.93 from $8.14 in Q2 2024. It also successfully accelerated a Pennsylvania natural gas project. The company’s 2025 production outlook is between 32 and 35 MBOE per day, with capital expenditures for drilling and completion projected at $240 to $280 million, and midstream activities between $9 and $12 million.

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.

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