XPLR Infrastructure (NYSE:XIFR) Trading Up 3.6% – What’s Next?

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price was up 3.6% on Thursday . The company traded as high as $9.39 and last traded at $9.39. Approximately 826,416 shares traded 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.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XIFR shares. Barclays cut their price target 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. Scotiabank dropped their price objective on shares of 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. BMO Capital Markets reissued a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group dropped their price objective on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, XPLR Infrastructure currently has a consensus rating of “Hold” and an average target price of $20.27.

XPLR Infrastructure Stock Performance

The company has a market capitalization of $895.46 million, a price-to-earnings ratio of -95.30 and a beta of 1.13. 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 company’s fifty day simple moving average is $11.30 and its two-hundred day simple moving average is $17.70.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 predict that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its position in XPLR Infrastructure by 18.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider’s stock valued at $381,000 after purchasing an additional 3,387 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of XPLR Infrastructure during the 4th quarter worth about $218,000. Alberta Investment Management Corp bought a new stake in shares of XPLR Infrastructure during the 4th quarter worth about $1,737,000. Truist Financial Corp raised its holdings in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Castellan Group raised its holdings in shares of XPLR Infrastructure by 4.6% in the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock worth $2,342,000 after purchasing an additional 5,772 shares in the last quarter. 66.01% of the stock is currently owned by 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.