XPLR Infrastructure (NYSE:XIFR) Hits New 12-Month Low After Analyst Downgrade

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) shares 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 changing hands. The stock had previously closed at $9.82.

XIFR has been the topic of a number of other research reports. Scotiabank lowered their target price on XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. BMO Capital Markets reissued a "market perform" rating and set a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Evercore ISI reduced their target price on XPLR Infrastructure from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Guggenheim dropped their price objective on shares of XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lowered their target price on shares of 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 equities research 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.27.

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Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of XPLR Infrastructure during the 4th quarter valued at $21,449,000. Thrivent Financial for Lutherans acquired a new stake in shares of XPLR Infrastructure during the third quarter worth $16,186,000. Two Sigma Advisers LP acquired a new position in XPLR Infrastructure in the third quarter valued at about $15,310,000. M&G PLC boosted its holdings 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 worth $85,738,000 after buying an additional 496,383 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of XPLR Infrastructure during the 4th quarter worth about $3,003,000. 66.01% of the stock is owned by institutional investors and hedge funds.

XPLR Infrastructure Trading Down 4.5 %

The company has a market capitalization of $790.33 million, a P/E ratio of -84.50 and a beta of 1.03. The business has a 50 day moving average price of $16.27 and a 200 day moving average price of $20.94. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share 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%. Analysts anticipate that XPLR Infrastructure, LP will post 2.33 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.