XPLR Infrastructure (NYSE:XIFR) Sets New 52-Week Low – Here’s Why

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price reached a new 52-week low during 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XIFR. BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 price target (down previously from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Scotiabank dropped their price target on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered 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 issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPLR Infrastructure has an average rating of “Hold” and an average price target of $18.50.

XPLR Infrastructure Trading Down 0.6 %

The stock has a market cap of $788.34 million, a PE ratio of -83.90 and a beta of 0.97. The stock has a 50-day moving average of $9.30 and a 200 day moving average of $16.27. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts anticipate 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 have recently modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in XPLR Infrastructure in the third quarter valued at approximately $63,000. Avion Wealth boosted its holdings in shares of XPLR Infrastructure by 610.2% during the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after purchasing an additional 2,270 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of XPLR Infrastructure by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after purchasing an additional 3,750 shares during the period. Truist Financial Corp increased its position in shares of 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 purchasing an additional 1,049 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of XPLR Infrastructure during the 4th quarter worth approximately $211,000. 66.01% of the stock is owned by hedge funds and other 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.