KeyBanc Lowers Infinity Natural Resources (INR) PT to $22 Despite Strong Q2 Production Growth

Infinity Natural Resources Inc. (NYSE:INR) is one of the best IPO stocks to buy and hold for 3 years. On September 3, KeyBanc lowered the firm’s price target on Infinity Natural Resources to $22 from $24, while keeping an Overweight rating on the shares. This sentiment by the firm shows KeyBanc’s revised natural gas price forecast.

Earlier in the company’s Q2 2025 earnings report, Infinity Natural Resources recorded a 25% increase in production from Q1, averaging 33.1 MBOE per day compared to 26.5 MBOE per day in Q1. This marked a ~28% increase in net production year-over-year as well.

The growth was primarily driven by the development of Marcellus Shale wells in Pennsylvania. Operating costs declined to $7.93 per barrel of oil equivalent, which was an improvement from $8.14 in Q2 2024 due to improved efficiency and increased natural gas production.

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.