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

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price hit a new 52-week low 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.

XIFR has been the topic of a number of other research reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a report on Monday. BMO Capital Markets restated a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. 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 report on Wednesday, January 29th. Mizuho dropped their price objective on shares of XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Scotiabank cut their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.27.

Institutional Investors Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in XPLR Infrastructure by 150.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock valued at $46,000 after buying an additional 1,000 shares in the last quarter. Eastern Bank acquired a new position in shares of XPLR Infrastructure in the 3rd quarter worth approximately $57,000. McIlrath & Eck LLC bought a new stake in XPLR Infrastructure during the 3rd quarter worth approximately $63,000. Avion Wealth increased its holdings in XPLR Infrastructure by 610.2% during the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in XPLR Infrastructure by 153.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after purchasing an additional 3,750 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Trading Down 2.9 %

The business has a 50 day simple moving average of $16.78 and a 200 day simple moving average of $21.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The company has a market cap of $892.28 million, a price-to-earnings ratio of -95.40 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping 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, equities 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.