XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $8.42, but opened at $8.78. XPLR Infrastructure shares last traded at $9.24, with a volume of 398,756 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on XIFR shares. Barclays lifted their target price on shares of XPLR Infrastructure from $6.00 to $9.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Mizuho dropped their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.69.
Get Our Latest Research Report on XPLR Infrastructure
XPLR Infrastructure Trading Up 9.6%
The company has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $10.41. The stock has a market capitalization of $867.63 million, a P/E ratio of -4.86 and a beta of 0.91. The company has a quick ratio of 1.76, a current ratio of 1.85 and a debt-to-equity ratio of 0.48.
XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 14.10% and a positive return on equity of 1.64%. During the same period last year, the company posted $0.75 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.
About XPLR Infrastructure
(
Get Free Report)
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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