Barclays Cuts XPLR Infrastructure (NYSE:XIFR) Price Target to $10.00

XPLR Infrastructure (NYSE:XIFR) had its target price trimmed by Barclays from $11.00 to $10.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an underweight rating on the solar energy provider’s stock.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. CIBC lifted their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Jefferies Financial Group raised their target price on XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.75.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR opened at $9.33 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a market cap of $876.23 million, a price-to-earnings ratio of -5.52 and a beta of 0.94. The business has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $9.44. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $20.02.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). The company had revenue of $315.00 million during the quarter, compared to the consensus estimate of $331.56 million. XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The company’s revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in XPLR Infrastructure during the second quarter valued at $46,948,000. Apollo Management Holdings L.P. bought a new position in shares of XPLR Infrastructure in the second quarter worth about $40,853,000. ING Groep NV purchased a new position in shares of XPLR Infrastructure during the 3rd quarter valued at about $20,340,000. MUFG Securities EMEA plc purchased a new position in shares of XPLR Infrastructure during the 2nd quarter valued at about $16,400,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of XPLR Infrastructure during the 3rd quarter valued at approximately $11,096,000. 66.01% of the stock is 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.