XPLR Infrastructure (NYSE:XIFR) Stock Price Down 9.4% - Time to Sell?

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) fell 9.4% during mid-day trading on Monday . The stock traded as low as $8.01 and last traded at $8.02. 932,594 shares changed hands during trading, a decline of 70% from the average session volume of 3,066,611 shares. The stock had previously closed at $8.85.

Wall Street Analysts Forecast Growth

XIFR has been the topic of several recent research reports. Guggenheim dropped their target price on shares of XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. BNP Paribas raised shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. 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 note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Finally, Barclays reduced their price objective on XPLR Infrastructure from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $18.43.

XPLR Infrastructure Stock Down 1.0 %

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 firm's fifty day moving average is $8.89 and its 200 day moving average is $14.46. The stock has a market cap of $798.68 million, a P/E ratio of -85.00 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted 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 positive return on equity of 1.34% and a negative net margin of 0.73%. As a group, equities research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in XPLR Infrastructure during the fourth quarter worth $21,449,000. abrdn plc grew its position in XPLR Infrastructure by 15.3% in 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. Swedbank AB increased its holdings in shares of XPLR Infrastructure by 14.5% during the 4th quarter. Swedbank AB now owns 278,689 shares of the solar energy provider's stock worth $4,961,000 after purchasing an additional 35,307 shares during the period. Assenagon Asset Management S.A. raised its position in shares of 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 valued at $3,084,000 after buying an additional 64,673 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of XPLR Infrastructure in the fourth quarter valued at about $3,003,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.