XPLR Infrastructure (NYSE:XIFR) Price Target Cut to $7.00 by Analysts at Barclays

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its target price dropped by equities research analysts at Barclays from $17.00 to $7.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the solar energy provider's stock. Barclays's target price indicates a potential downside of 26.62% from the company's previous close.

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

XPLR Infrastructure Price Performance

Shares of NYSE XIFR traded down $0.28 during midday trading on Monday, hitting $9.54. The company had a trading volume of 4,541,168 shares, compared to its average volume of 4,482,854. The firm has a market capitalization of $892.28 million, a price-to-earnings ratio of -95.40 and a beta of 1.03. XPLR Infrastructure has a twelve month low of $9.37 and a twelve month high of $35.15. The business has a 50-day simple moving average of $16.94 and a two-hundred day simple moving average of $21.36. 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 announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, topping the consensus estimate 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%. Equities research analysts anticipate that XPLR Infrastructure will post 1.54 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of large investors have recently bought and sold shares of XIFR. M&G PLC increased its holdings in shares of XPLR Infrastructure by 19.3% during 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. Assenagon Asset Management S.A. increased its stake in XPLR Infrastructure by 59.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider's stock worth $3,084,000 after acquiring an additional 64,673 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of XPLR Infrastructure by 89.4% in the 3rd quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider's stock worth $2,049,000 after purchasing an additional 37,265 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of XPLR Infrastructure in the 3rd quarter valued at about $16,186,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of XPLR Infrastructure by 158.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 255,754 shares of the solar energy provider's stock worth $7,064,000 after purchasing an additional 156,774 shares during the period. Hedge funds and other institutional investors own 66.01% of the company's stock.

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.