XPLR Infrastructure (NYSE:XIFR) Sets New 1-Year Low – Time to Sell?

XPLR Infrastructure, LP (NYSE:XIFR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.39 and last traded at $8.65, with a volume of 406609 shares trading hands. The stock had previously closed at $8.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XIFR. CIBC cut their price target on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group cut their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, Guggenheim reduced their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.27.

XPLR Infrastructure Trading Up 1.2 %

The firm has a market cap of $800.65 million, a P/E ratio of -85.60 and a beta of 1.03. The firm has a fifty day simple moving average of $16.27 and a 200-day simple moving average of $20.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78.

XPLR Infrastructure (NYSE:XIFR) last issued 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 positive return on equity of 1.34% and a negative net margin of 0.73%. On average, equities research analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in XIFR. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in XPLR Infrastructure during the 4th quarter valued at about $21,449,000. Thrivent Financial for Lutherans bought a new stake in XPLR Infrastructure during the third quarter worth $16,186,000. Two Sigma Advisers LP bought a new stake in XPLR Infrastructure during the third quarter worth $15,310,000. M&G PLC raised its position in XPLR Infrastructure by 19.3% in the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after buying an additional 496,383 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new position in XPLR Infrastructure during the 4th quarter valued at $3,003,000. 66.01% of the stock is 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.