XPLR Infrastructure (NYSE:XIFR) Trading Up 7.4% – What’s Next?

XPLR Infrastructure, LP (NYSE:XIFR) shot up 7.4% during mid-day trading on Wednesday . The company traded as high as $9.16 and last traded at $9.14. 751,740 shares changed hands during trading, a decline of 82% from the average session volume of 4,200,814 shares. The stock had previously closed at $8.51.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XIFR. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 target price (down from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Barclays decreased their target price on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Finally, Scotiabank decreased 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. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, XPLR Infrastructure has an average rating of “Hold” and an average price target of $20.27.

XPLR Infrastructure Price Performance

The business’s 50 day moving average price is $14.37 and its 200 day moving average price is $19.71. The stock has a market capitalization of $872.63 million, a P/E ratio of -93.30 and a beta of 1.03. 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 announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 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%. Sell-side analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Several large investors have recently added to or reduced their stakes in XIFR. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in XPLR Infrastructure during the fourth quarter valued at approximately $21,449,000. Thrivent Financial for Lutherans bought a new stake in XPLR Infrastructure during the third quarter valued at approximately $16,186,000. Two Sigma Advisers LP bought a new stake in XPLR Infrastructure during the third quarter valued at approximately $15,310,000. M&G PLC grew its position in XPLR Infrastructure by 19.3% during the third 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 period. Finally, Graham Capital Wealth Management LLC bought a new stake in XPLR Infrastructure during the fourth quarter valued at approximately $3,003,000. 66.01% of the stock is currently owned by institutional investors.

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.