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

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price objective lowered by research analysts at Barclays from $17.00 to $7.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "underweight" rating on the solar energy provider's stock. Barclays's target price suggests a potential downside of 17.16% from the stock's previous close.

A number of other research firms have also commented 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 report on Monday, January 13th. Wells Fargo & Company dropped their target price on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Mizuho reduced their price target on shares of XPLR Infrastructure from $33.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group lowered their price objective 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, Evercore ISI cut their price objective 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. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.27.

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XPLR Infrastructure Trading Down 4.5 %

Shares of NYSE XIFR traded down $0.40 during mid-day trading on Monday, hitting $8.45. The company's stock had a trading volume of 3,948,002 shares, compared to its average volume of 4,501,839. XPLR Infrastructure has a one year low of $8.42 and a one year high of $35.15. The company's fifty day simple moving average is $16.45 and its 200-day simple moving average is $21.07. 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 stock has a market cap of $790.36 million, a price-to-earnings ratio of -84.50 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that XPLR Infrastructure will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of XIFR. M&G PLC raised its position in XPLR Infrastructure by 19.3% during the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider's stock valued at $85,738,000 after purchasing an additional 496,383 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of XPLR Infrastructure during the 4th quarter valued at about $21,449,000. Redwood Grove Capital LLC lifted its position in XPLR Infrastructure by 19.7% in the 3rd quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider's stock worth $27,129,000 after buying an additional 161,436 shares during the last quarter. abrdn plc boosted its stake in XPLR Infrastructure by 15.3% in the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider's stock worth $17,242,000 after buying an additional 130,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in 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 valued at $17,417,000 after acquiring an additional 46,728 shares during the last quarter. 66.01% of the stock is currently 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.