XPLR Infrastructure (NYSE:XIFR) Sets New 12-Month Low on Analyst Downgrade

XPLR Infrastructure, LP (NYSE:XIFR)’s share price reached a new 52-week low during mid-day 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. The stock had previously closed at $9.82.

A number of other brokerages also recently commented on XIFR. Scotiabank decreased their target price on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Mizuho lowered their price objective on XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group cut their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Guggenheim lowered 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, Wells Fargo & Company cut their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.27.

Institutional Investors Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of XIFR. Concurrent Investment Advisors LLC lifted its position in shares of XPLR Infrastructure by 18.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider’s stock valued at $381,000 after acquiring an additional 3,387 shares during the last quarter. Good Life Advisors LLC purchased a new stake in shares of XPLR Infrastructure during the fourth quarter valued at $218,000. Alberta Investment Management Corp acquired a new position in shares of XPLR Infrastructure in the 4th quarter valued at $1,737,000. Truist Financial Corp increased its stake in XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Castellan Group raised its holdings in XPLR Infrastructure by 4.6% during the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock worth $2,342,000 after buying an additional 5,772 shares during the period. 66.01% of the stock is owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Down 1.7 %

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

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, beating the consensus estimate 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, analysts forecast that XPLR Infrastructure, LP will post 1.54 EPS for the current year.

About XPLR Infrastructure

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.