XPLR Infrastructure (NYSE:XIFR) Price Target Lowered to $7.00 at Barclays

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price target decreased by Barclays from $17.00 to $7.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the solar energy provider's stock. Barclays's price target would suggest a potential downside of 26.62% from the stock's current price.

XIFR has been the subject of a number of other research reports. CIBC dropped their target price on XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Scotiabank dropped 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 note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their price target on shares of XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Guggenheim lowered their price objective on XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, XPLR Infrastructure currently has a consensus rating of "Hold" and a consensus price target of $20.27.

XPLR Infrastructure Stock Performance

Shares of XIFR stock traded down $0.28 during midday trading on Monday, hitting $9.54. 4,541,168 shares of the company were exchanged, compared to its average volume of 4,482,854. XPLR Infrastructure has a 52 week low of $9.37 and a 52 week high of $35.15. The firm has a market capitalization of $892.28 million, a P/E ratio of -95.40 and a beta of 1.03. The firm's 50 day moving average price is $16.78 and its two-hundred day moving average price is $21.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that XPLR Infrastructure will post 1.54 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in XIFR. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 during the period. Avion Wealth grew 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 worth $47,000 after acquiring an additional 2,270 shares during the last quarter. Eastern Bank bought a new position in shares of XPLR Infrastructure during the third quarter valued at $57,000. McIlrath & Eck LLC acquired a new position in shares of XPLR Infrastructure during the third quarter worth $63,000. Finally, Central Pacific Bank Trust Division grew its stake in shares of XPLR Infrastructure by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider's stock worth $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 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.