XPLR Infrastructure (NYSE:XIFR) Reaches New 12-Month Low – Should You Sell?

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $7.72 and last traded at $7.84, with a volume of 298366 shares changing hands. The stock had previously closed at $8.44.

Analysts Set New Price Targets

XIFR has been the topic of several recent analyst reports. 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 report on Monday, January 13th. Barclays dropped 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. Guggenheim decreased their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. CIBC lowered their target price on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.50.

XPLR Infrastructure Price Performance

The company has a 50-day moving average of $9.02 and a 200 day moving average of $15.94. 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 firm has a market cap of $748.88 million, a P/E ratio of -79.70 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XIFR. Concurrent Investment Advisors LLC increased its holdings in XPLR Infrastructure by 18.8% during 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 in the last quarter. Good Life Advisors LLC acquired a new stake in shares of XPLR Infrastructure in the fourth quarter valued at $218,000. Alberta Investment Management Corp bought a new position in shares of XPLR Infrastructure in the fourth quarter valued at about $1,737,000. Truist Financial Corp lifted its position in XPLR Infrastructure by 10.1% during the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after buying an additional 1,049 shares in the last quarter. Finally, Castellan Group grew its holdings in XPLR Infrastructure by 4.6% during the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock worth $2,342,000 after acquiring an additional 5,772 shares during the last quarter. 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.