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

XPLR Infrastructure, LP (NYSE:XIFR) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $12.61 and last traded at $12.11, with a volume of 2291730 shares trading hands. The stock had previously closed at $11.73.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore set a $11.00 price objective on XPLR Infrastructure in a research report on Monday. Canadian Imperial Bank of Commerce reduced their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Barclays raised 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. Morgan Stanley raised 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. Finally, Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, XPLR Infrastructure presently has a consensus rating of “Reduce” and an average price target of $12.43.

XPLR Infrastructure Price Performance

The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 11.11 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $10.40 and a 200 day moving average of $10.01.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.72). The business had revenue of $275.00 million for the quarter. XPLR Infrastructure had a return on equity of 0.97% and a net margin of 8.81%.The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.05) earnings per share. Equities research analysts predict that XPLR Infrastructure, LP will post -0.67 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. raised its stake in shares of XPLR Infrastructure by 557.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after purchasing an additional 3,900,000 shares during the period. Anchorage Capital Advisors L.P. boosted its position in shares of XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after buying an additional 3,610,961 shares during the period. ING Groep NV acquired a new position in shares of XPLR Infrastructure during the third quarter worth about $20,340,000. MUFG Securities EMEA plc bought a new position in shares of XPLR Infrastructure during the second quarter worth about $16,400,000. Finally, Aventail Capital Group LP bought a new position in shares of XPLR Infrastructure during the third quarter worth about $11,751,000. 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.