XPLR Infrastructure (NYSE:XIFR) Sets New 52-Week Low - Time to Sell?

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $7.72 and last traded at $7.84, with a volume of 298366 shares trading hands. The stock had previously closed at $8.44.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XIFR. JPMorgan Chase & Co. reduced their price objective on shares of XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. BNP Paribas raised shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research report on Monday, February 3rd. Morgan Stanley restated an "underweight" rating and issued a $13.00 price objective (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. BMO Capital Markets reiterated a "market perform" rating and set a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Finally, Scotiabank decreased their target price on 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. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.50.

XPLR Infrastructure Stock Up 6.2 %

The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $822.17 million, a P/E ratio of -87.50 and a beta of 0.97. The firm's 50 day moving average price is $8.88 and its two-hundred day moving average price is $15.51.

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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 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%. Equities research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp raised its position in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock valued at $204,000 after buying an additional 1,049 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in XPLR Infrastructure during the third quarter worth approximately $63,000. Avion Wealth increased its stake 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 period. Sanctuary Advisors LLC raised its holdings in XPLR Infrastructure by 11.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 24,540 shares of the solar energy provider's stock valued at $678,000 after acquiring an additional 2,437 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of XPLR Infrastructure by 18.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider's stock valued at $381,000 after acquiring an additional 3,387 shares during the period. Institutional investors 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.