XPLR Infrastructure (NYSE:XIFR) Given New $9.00 Price Target at Barclays

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price target boosted by equities researchers at Barclays from $6.00 to $9.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the solar energy provider's stock. Barclays's target price indicates a potential downside of 1.53% from the company's previous close.

XIFR has been the topic of a number of other reports. 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 note on Wednesday, January 29th. Scotiabank dropped their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. 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 research report on Thursday, January 23rd. BMO Capital Markets reissued a "market perform" rating and issued a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $18.64.

XPLR Infrastructure Stock Up 2.0%

Shares of XIFR traded up $0.18 during trading hours on Monday, reaching $9.14. The stock had a trading volume of 504,712 shares, compared to its average volume of 2,740,009. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $35.15. The firm has a 50-day simple moving average of $8.76 and a 200 day simple moving average of $13.05. 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 company has a market capitalization of $858.81 million, a price-to-earnings ratio of -91.40 and a beta of 0.93.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. During the same period in the prior year, the business posted $0.75 earnings per share. XPLR Infrastructure's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of XPLR Infrastructure in the 4th quarter worth $21,449,000. abrdn plc raised its holdings in XPLR Infrastructure by 15.3% in the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider's stock worth $17,242,000 after purchasing an additional 130,000 shares in the last quarter. Swedbank AB raised its holdings in XPLR Infrastructure by 14.5% in the fourth quarter. Swedbank AB now owns 278,689 shares of the solar energy provider's stock worth $4,961,000 after purchasing an additional 35,307 shares in the last quarter. Assenagon Asset Management S.A. raised 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 purchasing an additional 64,673 shares in the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of XPLR Infrastructure in the 4th quarter valued at about $3,003,000. 66.01% of the stock is currently 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.

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