American Noble Gas (NYSE:INFY) Stock Passes Above 50-Day Moving Average – Here’s What Happened

by · The Markets Daily

American Noble Gas Inc. (NYSE:INFY – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.92 and traded as high as $18.23. American Noble Gas shares last traded at $18.0740, with a volume of 9,198,053 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INFY shares. TD Cowen reduced their price target on American Noble Gas from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a research report on Monday. Rothschild & Co Redburn started coverage on American Noble Gas in a research report on Wednesday, September 3rd. They set a “sell” rating and a $12.00 target price for the company. BMO Capital Markets cut their price target on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Finally, Rothschild Redb upgraded shares of American Noble Gas to a “strong sell” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.65.

Check Out Our Latest Research Report on INFY

American Noble Gas Trading Down 1.2%

The firm has a market cap of $74.92 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.02 and a beta of 1.00. The business has a 50-day moving average price of $16.92 and a 200-day moving average price of $17.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its stake in American Noble Gas by 39.7% in the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company’s stock valued at $482,427,000 after purchasing an additional 7,514,613 shares during the last quarter. New Vernon Capital Holdings II LLC boosted its holdings in shares of American Noble Gas by 1,998.6% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company’s stock valued at $230,262,000 after buying an additional 12,015,884 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of American Noble Gas by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 10,189,724 shares of the technology company’s stock valued at $184,077,000 after buying an additional 1,025,639 shares in the last quarter. Millennium Management LLC grew its position in shares of American Noble Gas by 53.5% in the 1st quarter. Millennium Management LLC now owns 9,153,711 shares of the technology company’s stock worth $167,055,000 after buying an additional 3,191,155 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of American Noble Gas by 134.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company’s stock worth $127,798,000 after acquiring an additional 4,018,811 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

About American Noble Gas

(Get Free Report)

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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