XPLR Infrastructure (NYSE:XIFR) Sets New 12-Month High – What’s Next?

XPLR Infrastructure, LP (NYSE:XIFR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.56 and last traded at $11.4250, with a volume of 842284 shares traded. The stock had previously closed at $10.81.

Analysts Set New Price Targets

XIFR has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on XPLR Infrastructure from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada initiated coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price target on the stock. Evercore reaffirmed a “hold” rating and issued a $10.80 price target on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Barclays lifted their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, XPLR Infrastructure has a consensus rating of “Reduce” and a consensus price target of $12.40.

XPLR Infrastructure Trading Up 3.9%

The firm has a market capitalization of $1.06 billion, a P/E ratio of -36.24 and a beta of 0.89. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $10.33 and a 200-day moving average price of $9.97.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.87. The business had revenue of $249.00 million for the quarter. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business’s revenue was down 15.3% compared to the same quarter last year. Analysts anticipate that XPLR Infrastructure, LP will post -0.67 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the company. Abundance Wealth Counselors bought a new stake in shares of XPLR Infrastructure during the third quarter valued at approximately $1,112,000. DekaBank Deutsche Girozentrale bought a new stake in shares of XPLR Infrastructure during the third quarter valued at approximately $1,299,000. JPMorgan Chase & Co. increased its position in shares of XPLR Infrastructure by 4,489.8% during the third quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock valued at $3,133,000 after purchasing an additional 301,310 shares during the period. Anchorage Capital Advisors L.P. bought a new stake in shares of XPLR Infrastructure during the third quarter valued at approximately $33,443,000. Finally, Aberdeen Group plc bought a new stake in shares of XPLR Infrastructure during the third quarter valued at approximately $7,044,000. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Company Profile

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.