XPLR Infrastructure (NYSE:XIFR) Trading 3.6% Higher - Should You Buy?

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) rose 3.6% during trading on Thursday . The stock traded as high as $9.39 and last traded at $9.39. Approximately 826,416 shares changed hands during trading, a decline of 76% from the average daily volume of 3,463,429 shares. The stock had previously closed at $9.06.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BNP Paribas upgraded shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Barclays reduced their target price on shares of XPLR Infrastructure from $17.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. CIBC dropped their price target on shares of XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank dropped their target price on XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.27.

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XPLR Infrastructure Stock Down 0.3 %

The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $881.36 million, a P/E ratio of -93.80 and a beta of 1.13. The business's 50 day moving average is $10.77 and its 200 day moving average is $17.37.

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 (EPS) 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%. As a group, equities analysts anticipate that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in XPLR Infrastructure in the fourth quarter worth about $21,449,000. Redwood Grove Capital LLC raised its holdings in shares of 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 worth $27,129,000 after buying an additional 161,436 shares during the last quarter. abrdn plc lifted its position in 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 acquiring an additional 130,000 shares during the period. Rockefeller Capital Management L.P. lifted its stake in 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 valued at $17,417,000 after acquiring an additional 46,728 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at $15,310,000. 66.01% of the stock is 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.