Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
Investing.com - KeyBanc has reiterated its Overweight rating and $22.00 price target on INR Natural Resources (NYSE:INR), currently trading at $13.11 and near its 52-week low of $12.55, following a recent management meeting. According to InvestingPro data, analyst targets for INR range from $18 to $29.
The investment firm noted it had tightened its modeling assumptions after discussions with the company’s management team last week.
KeyBanc expressed increased optimism about INR’s 2026 outlook, citing the potential for some drilling and completion activity to be pulled forward into late 2025.
The firm acknowledged INR faces a strategic dilemma regarding acquisitions: whether to use equity at current prices to improve liquidity and potentially re-rate shares, or wait for share price improvements to strengthen its position for mergers and acquisitions.
KeyBanc believes INR’s management will maintain an opportunistic approach to M&A, primarily utilizing debt financing for future transactions.
In other recent news, Null Natural Resources reported its second-quarter earnings for 2025, delivering an impressive performance that exceeded analysts’ expectations. The company achieved an earnings per share (EPS) of $1.18, a significant jump from the projected $0.56, marking a surprise increase of 110.71%. Additionally, Null Natural Resources recorded a quarterly revenue of $74.47 million. Meanwhile, Raymond James adjusted its price target for Inphi Natural Resources, reducing it from $29.00 to $23.00, while maintaining a Strong Buy rating. This adjustment was attributed to the current commodity strip, despite Inphi’s second-quarter production rising approximately 28% year-over-year and 25% sequentially. The production consisted of 63% gas and 19% oil composition. These developments reflect the ongoing financial and operational activities within the natural resources sector.
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