XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $8.39 and last traded at $8.65, with a volume of 406609 shares trading hands. The stock had previously closed at $8.46.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Evercore ISI dropped their price objective on XPLR Infrastructure from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. CIBC cut their target price on shares of XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley reiterated an "underweight" rating and set a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Finally, Barclays cut their price objective on shares of XPLR Infrastructure from $17.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.27.
View Our Latest Stock Analysis on XIFR
XPLR Infrastructure Stock Performance
The stock has a 50-day moving average price of $15.64 and a 200 day moving average price of $20.51. 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 company has a market cap of $806.23 million, a price-to-earnings ratio of -86.20 and a beta of 1.03.
XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.
Institutional Trading of XPLR Infrastructure
A number of hedge funds and other institutional investors have recently made changes to their positions in XIFR. M&G PLC increased its stake in XPLR Infrastructure by 19.3% in the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider's stock valued at $85,738,000 after buying an additional 496,383 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in XPLR Infrastructure during the fourth quarter valued at approximately $21,449,000. Redwood Grove Capital LLC grew its stake in XPLR Infrastructure by 19.7% in the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider's stock valued at $27,129,000 after purchasing an additional 161,436 shares in the last quarter. abrdn plc increased its position in shares of XPLR Infrastructure by 15.3% during the 4th quarter. abrdn plc now owns 980,200 shares of the solar energy provider's stock worth $17,242,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of XPLR Infrastructure by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider's stock worth $17,417,000 after purchasing an additional 46,728 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.
About XPLR Infrastructure
(
Get Free Report)
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.
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