XPLR Infrastructure (NYSE:XIFR) Shares Gap Up - Should You Buy?

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) shares 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XIFR. Barclays increased their price target on XPLR Infrastructure from $6.00 to $9.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Jefferies Financial Group boosted their target price on XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Mizuho dropped their price target on XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $16.77.

XPLR Infrastructure Stock Down 1.2%

The company has a quick ratio of 1.76, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. The company has a market cap of $875.14 million, a PE ratio of -4.90 and a beta of 0.91. The firm's fifty day simple moving average is $8.76 and its 200-day simple moving average is $10.35.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a positive return on equity of 1.64% and a negative net margin of 14.10%. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

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.