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

XPLR Infrastructure, LP (NYSE:XIFR) hit 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 traded. The stock had previously closed at $9.82.

Several other analysts also recently weighed in on XIFR. JPMorgan Chase & Co. decreased their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Jefferies Financial Group reduced their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Mizuho lowered their price target on XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Evercore ISI decreased their target price on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.27.

Hedge Funds Weigh In On XPLR Infrastructure

Large investors have recently added to or reduced their stakes in the company. M&G PLC grew its position in shares of XPLR Infrastructure by 19.3% in the 3rd 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 last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in XPLR Infrastructure in the fourth quarter valued at approximately $21,449,000. Redwood Grove Capital LLC boosted its stake in XPLR Infrastructure by 19.7% in the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock valued at $27,129,000 after acquiring an additional 161,436 shares in the last quarter. abrdn plc increased its position in shares of XPLR Infrastructure by 15.3% during the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock worth $17,242,000 after purchasing an additional 130,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of XPLR Infrastructure by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock worth $17,417,000 after purchasing an additional 46,728 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The stock has a market cap of $867.96 million, a PE ratio of -92.80 and a beta of 1.03. The firm has a fifty day moving average price of $16.62 and a 200 day moving average price of $21.16.

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

XPLR Infrastructure Company Profile

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.