XPLR Infrastructure (NYSE:XIFR) Reaches New 52-Week Low on Analyst Downgrade

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price hit a new 52-week low on Tuesday after Barclays lowered their price target on the stock from $17.00 to $7.00. Barclays currently has an underweight rating on the stock. XPLR Infrastructure traded as low as $9.37 and last traded at $9.67, with a volume of 2162812 shares traded. The stock had previously closed at $9.82.

A number of other analysts have also recently commented on the stock. Scotiabank reduced their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Evercore ISI reduced their price objective on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. CIBC lowered their target price on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Guggenheim reduced their price target on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group lowered their price objective on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.27.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of XPLR Infrastructure by 150.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock valued at $46,000 after acquiring an additional 1,000 shares during the last quarter. Eastern Bank bought a new position in XPLR Infrastructure during the third quarter valued at $57,000. McIlrath & Eck LLC purchased a new position in shares of XPLR Infrastructure in the 3rd quarter worth $63,000. Avion Wealth increased its holdings in shares of XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after buying an additional 2,270 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in shares of XPLR Infrastructure by 153.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after buying an additional 3,750 shares in the last quarter. 66.01% of the stock is owned by institutional investors.

XPLR Infrastructure Trading Down 3.4 %

The stock has a market cap of $867.96 million, a P/E ratio of -92.80 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The stock’s fifty day moving average is $16.62 and its 200 day moving average is $21.16.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data 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 research analysts predict that XPLR Infrastructure, LP will post 1.54 earnings per share for the current fiscal year.

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.