XPLR Infrastructure (NYSE:XIFR) Shares Down 9.4% - What's Next?

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price was down 9.4% during mid-day trading on Monday . The stock traded as low as $8.01 and last traded at $8.02. Approximately 932,594 shares traded hands during trading, a decline of 70% from the average daily volume of 3,066,611 shares. The stock had previously closed at $8.85.

Wall Street Analysts Forecast Growth

XIFR has been the topic of a number of research reports. BNP Paribas raised shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. Guggenheim lowered their price target 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. CIBC cut their price objective on XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reissued a "market perform" rating and set a $18.00 price target (down previously from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, XPLR Infrastructure has an average rating of "Hold" and a consensus target price of $18.43.

XPLR Infrastructure Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock has a market cap of $795.86 million, a price-to-earnings ratio of -84.70 and a beta of 0.97. The firm's 50-day moving average is $8.89 and its 200 day moving average is $14.27.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 EPS 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%. Sell-side analysts anticipate that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avion Wealth lifted its stake in shares of 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 purchasing an additional 2,270 shares in the last quarter. McIlrath & Eck LLC acquired a new position in XPLR Infrastructure during the third quarter valued at approximately $63,000. Central Pacific Bank Trust Division grew its stake 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 buying an additional 3,750 shares during the period. Truist Financial Corp increased its position in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock worth $204,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of XPLR Infrastructure in the 4th quarter valued at $211,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.