XPLR Infrastructure (NYSE:XIFR) Shares Up 6.3% - Should You Buy?

Key Points

• Shares of XPLR Infrastructure rose 6.3% to $10.81 amid trading, with a notable 85% drop in volume compared to the average.
• Analysts have varying opinions on the stock, with two giving a "Buy" rating and a consensus average price target of $16.18.
• In its last earnings report, XPLR Infrastructure exceeded estimates with $0.84 EPS, but revenue was down 5% year-over-year at $342 million.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) was up 6.3% during mid-day trading on Wednesday . The stock traded as high as $10.79 and last traded at $10.81. Approximately 302,162 shares changed hands during trading, a decline of 85% from the average daily volume of 1,989,357 shares. The stock had previously closed at $10.17.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Barclays lifted their price target on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.18.

XPLR Infrastructure Price Performance

The company has a market cap of $1.00 billion, a price-to-earnings ratio of -6.22 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $9.88 and a two-hundred day simple moving average of $9.18.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.20 by $0.64. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The business had revenue of $342.00 million for the quarter, compared to analyst estimates of $359.64 million. XPLR Infrastructure's quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research 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 bought and sold shares of the stock. Corient Private Wealth LLC purchased a new position in XPLR Infrastructure during the second quarter worth $121,000. Osaic Holdings Inc. purchased a new stake in XPLR Infrastructure during the 2nd quarter worth about $354,000. Lavaca Capital LLC acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $180,000. State of Wyoming purchased a new position in XPLR Infrastructure in the 2nd quarter valued at about $314,000. Finally, Nomura Holdings Inc. purchased a new position in XPLR Infrastructure in the 2nd quarter valued at about $46,948,000. Hedge funds and other institutional investors own 66.01% of the company's stock.

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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