XPLR Infrastructure (NYSE:XIFR) Reaches New 1-Year Low on Analyst Downgrade

XPLR Infrastructure, LP (NYSE:XIFRGet Free Report)’s share price hit a new 52-week low during trading on Tuesday after Barclays lowered their price target on the stock from $17.00 to $7.00. Barclays currently has an underweight rating on the stock. XPLR Infrastructure traded as low as $9.37 and last traded at $9.67, with a volume of 2162812 shares traded. The stock had previously closed at $9.82.

XIFR has been the subject of several other research reports. Jefferies Financial Group cut their price objective on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Mizuho reduced their price objective on shares of XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. CIBC lowered their target price on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Guggenheim reduced their price target on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley restated an “underweight” rating and issued a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a report on Monday. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, XPLR Infrastructure presently has an average rating of “Hold” and a consensus price target of $20.27.

View Our Latest Stock Analysis on XIFR

Institutional Trading of XPLR Infrastructure

Hedge funds have recently added to or reduced their stakes in the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in XPLR Infrastructure during the fourth quarter worth about $21,449,000. Thrivent Financial for Lutherans purchased a new position in XPLR Infrastructure in the third quarter valued at approximately $16,186,000. Two Sigma Advisers LP acquired a new position in XPLR Infrastructure during the third quarter valued at approximately $15,310,000. M&G PLC grew its stake in XPLR Infrastructure by 19.3% during the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after buying an additional 496,383 shares during the period. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of XPLR Infrastructure in the fourth quarter worth $3,003,000. 66.01% of the stock is owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Performance

The stock’s 50 day moving average price is $16.94 and its 200 day moving average price is $21.36. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The firm has a market cap of $902.56 million, a PE ratio of -96.50 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFRGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. As a group, equities analysts forecast that XPLR Infrastructure, LP will post 1.54 earnings per share for the current fiscal year.

XPLR Infrastructure Company Profile

(Get Free Report)

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

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