Barclays Has Lowered Expectations for XPLR Infrastructure (NYSE:XIFR) Stock Price

XPLR Infrastructure (NYSE:XIFR) had its target price lowered by equities research analysts at Barclays from $11.00 to $10.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the solar energy provider’s stock. Barclays‘s price objective would indicate a potential upside of 8.58% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Jefferies Financial Group raised their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. CIBC upped their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $13.75.

XPLR Infrastructure Trading Up 1.8%

NYSE XIFR traded up $0.16 during trading on Thursday, hitting $9.21. The stock had a trading volume of 376,374 shares, compared to its average volume of 1,977,854. XPLR Infrastructure has a one year low of $7.53 and a one year high of $20.02. The stock has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $9.43. The stock has a market capitalization of $865.43 million, a price-to-earnings ratio of -5.46 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.77.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 1.96% and a negative net margin of 12.73%.The firm had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $331.56 million. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of XIFR. Harpswell Capital Advisors LLC acquired a new stake in shares of XPLR Infrastructure during the third quarter valued at about $134,000. LexAurum Advisors LLC purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $508,000. Searle & CO. acquired a new stake in XPLR Infrastructure in the 3rd quarter valued at approximately $387,000. AlphaQuest LLC acquired a new stake in XPLR Infrastructure in the 3rd quarter valued at approximately $823,000. Finally, Everett Harris & Co. CA acquired a new position in XPLR Infrastructure during the third quarter worth $310,000. 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.