XPLR Infrastructure (NYSE:XIFR) Stock Price Up 7% - Should You Buy?

Key Points

• XPLR Infrastructure (NYSE:XIFR) shares rose by 7%, reaching a last traded price of $10.07, despite a 74% decline in average trading volume.
• Recent analyst reports show varied ratings for XIFR, with Jefferies boosting its target to $16.00 (buy rating), while Mizuho's target was lowered to $12.00 (neutral).
• The company's recent earnings report indicated an EPS of $0.84, which surpasses expectations, although its revenue decreased by 5% year-over-year.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) shares traded up 7% during trading on Friday . The stock traded as high as $10.12 and last traded at $10.07. 534,184 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 2,021,406 shares. The stock had previously closed at $9.41.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XIFR. Jefferies Financial Group boosted their price objective on XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Mizuho lowered their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Finally, Barclays lifted their price objective on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, XPLR Infrastructure has an average rating of "Hold" and an average target price of $16.92.

XPLR Infrastructure Price Performance

The company has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $8.96. The stock has a market cap of $942.52 million, a price-to-earnings ratio of -5.83 and a beta of 0.86. The company has a current ratio of 0.77, a quick ratio of 1.76 and a debt-to-equity ratio of 0.50.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.64. The business had revenue of $342.00 million for the quarter, compared to the consensus estimate of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%. The company's quarterly revenue was down 5.0% on a year-over-year basis. Research analysts expect that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently modified their holdings of XIFR. Ensign Peak Advisors Inc acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $256,000. Dynamic Technology Lab Private Ltd bought a new position in XPLR Infrastructure in the second quarter valued at approximately $256,000. Swiss National Bank acquired a new position in XPLR Infrastructure during the second quarter valued at approximately $1,465,000. JPMorgan Chase & Co. bought a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $55,000. Finally, MAI Capital Management acquired a new stake in XPLR Infrastructure in the second quarter valued at about $94,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.