XPLR Infrastructure (NYSE:XIFR) Trading 7.4% Higher - Still a Buy?

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price rose 7.4% during trading on Wednesday . The company traded as high as $9.16 and last traded at $9.14. Approximately 751,740 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 4,200,814 shares. The stock had previously closed at $8.51.

Wall Street Analysts Forecast Growth

XIFR has been the subject of several research reports. BNP Paribas raised XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on 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. BMO Capital Markets reiterated a "market perform" rating and issued a $18.00 target price (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Barclays decreased their price objective on XPLR Infrastructure from $17.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. Finally, Scotiabank decreased their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.27.

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XPLR Infrastructure Stock Performance

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 stock has a market cap of $862.38 million, a P/E ratio of -92.20 and a beta of 1.03. The company has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $19.65.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Large investors have recently added to or reduced their stakes in the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in XPLR Infrastructure during the 4th quarter valued at $21,449,000. Thrivent Financial for Lutherans bought a new position in shares of XPLR Infrastructure during the third quarter valued at about $16,186,000. Two Sigma Advisers LP purchased a new stake in shares of XPLR Infrastructure during the third quarter worth about $15,310,000. M&G PLC grew its stake in shares of XPLR Infrastructure by 19.3% in the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider's stock worth $85,738,000 after purchasing an additional 496,383 shares during the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new position in XPLR Infrastructure during the 4th quarter valued at about $3,003,000. Hedge funds and other institutional investors own 66.01% of the company's stock.

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.