XPLR Infrastructure (NYSE:XIFR) Stock Price Up 3.6% – Here’s What Happened

XPLR Infrastructure, LP (NYSE:XIFR) shares 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 were traded 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 Ratings Changes

Several equities analysts have commented on XIFR shares. JPMorgan Chase & Co. lowered their target price on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Wells Fargo & Company cut their target price on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Barclays lowered their price target on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Finally, BNP Paribas upgraded XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.27.

XPLR Infrastructure Trading Down 1.4 %

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

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating 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, 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 have recently modified their holdings of the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of XPLR Infrastructure during the fourth quarter worth $21,449,000. Two Sigma Advisers LP acquired a new position in XPLR Infrastructure in the 3rd quarter worth about $15,310,000. Graham Capital Wealth Management LLC purchased a new stake in shares of XPLR Infrastructure during the 4th quarter worth about $3,003,000. Redwood Grove Capital LLC lifted its holdings in shares of XPLR Infrastructure by 19.7% during the 3rd quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock valued at $27,129,000 after buying an additional 161,436 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of XPLR Infrastructure by 158.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 255,754 shares of the solar energy provider’s stock valued at $7,064,000 after buying an additional 156,774 shares in the last quarter. 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.