XPLR Infrastructure (NYSE:XIFR) Trading 7.4% Higher – Still a Buy?

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

Analysts Set New Price Targets

Several brokerages have commented on XIFR. Jefferies Financial Group cut their price objective on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 price objective (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Finally, Scotiabank cut their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, XPLR Infrastructure has a consensus rating of “Hold” and an average target price of $20.27.

XPLR Infrastructure Stock Up 5.1 %

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 stock has a market capitalization of $836.16 million, a PE ratio of -89.40 and a beta of 1.03. The business has a 50 day moving average of $15.08 and a two-hundred day moving average of $20.09.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping 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%. Analysts predict that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Large investors have recently made changes to their positions in the business. M&G PLC grew its stake in XPLR Infrastructure by 19.3% during the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after buying an additional 496,383 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in XPLR Infrastructure by 59.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider’s stock worth $3,084,000 after acquiring an additional 64,673 shares in the last quarter. abrdn plc grew its stake in shares of XPLR Infrastructure by 15.3% during the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock worth $17,242,000 after acquiring an additional 130,000 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of XPLR Infrastructure by 89.4% during the third quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider’s stock valued at $2,049,000 after acquiring an additional 37,265 shares in the last quarter. Finally, Everett Harris & Co. CA purchased a new position in shares of XPLR Infrastructure in the 4th quarter valued at approximately $543,000. 66.01% of the stock is owned by institutional investors and hedge funds.

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.