Barclays Lowers XPLR Infrastructure (NYSE:XIFR) Price Target to $6.00

XPLR Infrastructure (NYSE:XIFR) had its target price cut by Barclays from $7.00 to $6.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an underweight rating on the solar energy provider’s stock.

Several other equities analysts also recently issued reports on XIFR. Wells Fargo & Company cut their target price on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets reissued a “market perform” rating and issued a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Guggenheim cut their price target on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, CIBC decreased their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.43.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR opened at $8.71 on Wednesday. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $35.15. 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 has a market cap of $818.41 million, a PE ratio of -87.10 and a beta of 0.97. The business has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $15.20.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results 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%. As a group, equities analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds have recently bought and sold shares of XIFR. McIlrath & Eck LLC acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $63,000. Avion Wealth raised its position in XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after acquiring an additional 2,270 shares during the period. Central Pacific Bank Trust Division raised its position in XPLR Infrastructure by 153.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after acquiring an additional 3,750 shares during the period. Truist Financial Corp lifted its holdings in XPLR Infrastructure by 10.1% during the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock valued at $204,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of XPLR Infrastructure in the fourth quarter valued at about $211,000. Hedge funds and other 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.