XPLR Infrastructure (NYSE:XIFR) Price Target Lowered to $6.00 at Barclays

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price target cut by investment analysts at Barclays from $7.00 to $6.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the solar energy provider's stock. Barclays's price objective suggests a potential downside of 32.13% from the company's previous close.

Several other brokerages have also recently weighed in on XIFR. Guggenheim lowered their price objective on shares of XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group decreased their price target 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. Wells Fargo & Company cut their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Scotiabank cut their price target on XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Finally, BNP Paribas raised XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.43.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR traded up $0.14 during trading on Wednesday, reaching $8.84. 1,190,952 shares of the company traded hands, compared to its average volume of 3,097,084. The firm has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $15.07. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $35.15. The stock has a market capitalization of $830.62 million, a PE ratio of -88.40 and a beta of 0.97. 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 - Get Free Report) last issued its 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%. Equities research analysts anticipate that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

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

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.