XPLR Infrastructure (NYSE:XIFR) Shares Gap Up - Here's Why

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report)'s stock price gapped up before the market opened 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XIFR shares. Barclays raised their price objective on XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Jefferies Financial Group raised their price objective 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 target price on 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 research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, XPLR Infrastructure presently has a consensus rating of "Hold" and an average price target of $16.77.

XPLR Infrastructure Stock Performance

The firm has a 50 day moving average of $8.74 and a two-hundred day moving average of $10.41. The stock has a market cap of $882.66 million, a PE ratio of -4.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.76.

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 the consensus estimate 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%. XPLR Infrastructure's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Research analysts predict that XPLR Infrastructure, LP will post 2.33 EPS 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.