Barclays Forecasts Strong Price Appreciation for XPLR Infrastructure (NYSE:XIFR) Stock

XPLR Infrastructure (NYSE:XIFR) had its target price boosted by investment analysts at Barclays from $6.00 to $9.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the solar energy provider’s stock. Barclays‘s price objective would indicate a potential downside of 8.26% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Guggenheim decreased their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Scotiabank decreased their target price on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. decreased their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.64.

XPLR Infrastructure Price Performance

XIFR stock opened at $9.81 on Monday. The stock has a 50-day moving average price of $8.80 and a two-hundred day moving average price of $12.95. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $35.15. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The company has a market cap of $921.77 million, a PE ratio of -98.10 and a beta of 0.93.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. During the same period in the previous year, the company posted $0.75 EPS. XPLR Infrastructure’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts predict that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of XIFR. Barclays PLC raised its stake in XPLR Infrastructure by 41.1% during the third quarter. Barclays PLC now owns 21,315 shares of the solar energy provider’s stock valued at $589,000 after buying an additional 6,205 shares in the last quarter. Franklin Resources Inc. raised its position in shares of XPLR Infrastructure by 89.4% during the 3rd quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider’s stock worth $2,049,000 after purchasing an additional 37,265 shares during the period. FNY Investment Advisers LLC raised its position in shares of XPLR Infrastructure by 309.6% during the 4th quarter. FNY Investment Advisers LLC now owns 23,022 shares of the solar energy provider’s stock worth $409,000 after purchasing an additional 17,402 shares during the period. 180 Wealth Advisors LLC acquired a new stake in shares of XPLR Infrastructure during the 4th quarter worth approximately $368,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of XPLR Infrastructure during the 4th quarter worth approximately $219,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.