XPLR Infrastructure (NYSE:XIFR) Reaches New 1-Year High – Time to Buy?

Shares of XPLR Infrastructure, LP (NYSE:XIFR) reached a new 52-week high during mid-day 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Wall Street Zen lowered shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Morgan Stanley raised their price target on shares of XPLR Infrastructure from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, April 7th. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Finally, Evercore reaffirmed a “hold” rating and issued a $10.80 price target on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, XPLR Infrastructure presently has an average rating of “Reduce” and a consensus target price of $12.40.

XPLR Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The stock’s 50 day simple moving average is $10.35 and its two-hundred day simple moving average is $9.99. The firm has a market capitalization of $1.11 billion, a PE ratio of 10.76 and a beta of 0.89.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.97% and a net margin of 8.81%.The business had revenue of $275.00 million during the quarter. During the same quarter last year, the business earned ($1.05) earnings per share. XPLR Infrastructure’s quarterly revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that XPLR Infrastructure, LP will post -0.67 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of XPLR Infrastructure during the 3rd quarter worth approximately $28,000. Huntington National Bank increased its holdings in shares of XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after buying an additional 2,698 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $77,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in XPLR Infrastructure in the 3rd quarter valued at approximately $80,000. 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.