XPLR Infrastructure (NYSE:XIFR) Stock Price Up 3.6% – Still a Buy?

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price rose 3.6% during mid-day trading on Thursday . The company traded as high as $9.39 and last traded at $9.39. Approximately 826,416 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 3,463,429 shares. The stock had previously closed at $9.06.

Analyst Upgrades and Downgrades

Several research firms have commented on XIFR. BMO Capital Markets reissued a “market perform” rating and set a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Jefferies Financial Group lowered their price objective on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Scotiabank lowered their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.27.

XPLR Infrastructure Stock Down 1.4 %

The firm has a 50 day moving average of $10.77 and a 200-day moving average of $17.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock has a market capitalization of $886.06 million, a P/E ratio of -94.30 and a beta of 1.13.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. On average, equities research analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Several large investors have recently modified their holdings of the stock. McIlrath & Eck LLC acquired a new stake in XPLR Infrastructure in the 3rd quarter valued at $63,000. Avion Wealth lifted its holdings in shares of XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after acquiring an additional 2,270 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of XPLR Infrastructure by 153.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after purchasing an additional 3,750 shares in the last quarter. Truist Financial Corp grew its holdings in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of XPLR Infrastructure during the 4th quarter worth about $211,000. 66.01% of the stock is currently owned by institutional investors.

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.