XPLR Infrastructure (NYSE:XIFR) Trading 7.4% Higher – Still a Buy?

XPLR Infrastructure, LP (NYSE:XIFR)’s stock price traded up 7.4% during mid-day trading on Wednesday . The company traded as high as $9.16 and last traded at $9.14. 751,740 shares changed hands during trading, a decline of 82% from the average session volume of 4,200,814 shares. The stock had previously closed at $8.51.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Guggenheim cut their price objective on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group cut their price objective on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. CIBC cut their price objective on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.27.

XPLR Infrastructure Stock Up 5.1 %

The firm has a market capitalization of $836.16 million, a PE ratio of -89.40 and a beta of 1.03. The company has a fifty day moving average price of $15.08 and a 200-day moving average price of $20.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02.

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

Institutional Trading of XPLR Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of XIFR. Eastern Bank purchased a new stake in XPLR Infrastructure during the 3rd quarter valued at $57,000. International Assets Investment Management LLC raised its holdings in XPLR Infrastructure by 2,514.3% during the 3rd quarter. International Assets Investment Management LLC now owns 98,142 shares of the solar energy provider’s stock valued at $2,711,000 after buying an additional 94,388 shares during the period. Pinnacle West Asset Management Inc. raised its holdings in XPLR Infrastructure by 27.7% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 11,075 shares of the solar energy provider’s stock valued at $306,000 after buying an additional 2,400 shares during the period. Assenagon Asset Management S.A. raised its holdings in XPLR Infrastructure by 7.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 108,578 shares of the solar energy provider’s stock valued at $2,999,000 after buying an additional 7,501 shares during the period. Finally, Pathway Financial Advisers LLC raised its holdings in XPLR Infrastructure by 3.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 50,110 shares of the solar energy provider’s stock valued at $1,384,000 after buying an additional 1,747 shares during the period. 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.