XPLR Infrastructure (NYSE:XIFR) Reaches New 12-Month Low – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XIFR. Evercore ISI dropped their target price on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Barclays dropped their price target on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Guggenheim dropped their target price on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, XPLR Infrastructure currently has an average rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Trading Up 1.7 %

The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The firm has a market cap of $796.88 million, a price-to-earnings ratio of -85.20 and a beta of 1.03. The company has a fifty day moving average price of $15.83 and a 200-day moving average price of $20.59.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds have recently modified their holdings of XIFR. Eastern Bank purchased a new position in XPLR Infrastructure during the third quarter worth approximately $57,000. McIlrath & Eck LLC acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $63,000. Avion Wealth grew its stake in XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after acquiring an additional 2,270 shares during the period. Central Pacific Bank Trust Division increased its holdings in XPLR Infrastructure by 153.1% in the 4th 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 in the last quarter. Finally, Pinnacle West Asset Management Inc. raised its position in XPLR Infrastructure by 27.7% during the third quarter. Pinnacle West Asset Management Inc. now owns 11,075 shares of the solar energy provider’s stock worth $306,000 after acquiring an additional 2,400 shares during the period. 66.01% of the stock is owned by hedge funds and other 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.