XPLR Infrastructure, LP (NYSE:XIFR) Short Interest Update

XPLR Infrastructure, LP (NYSE:XIFR) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 3,551,635 shares, a decrease of 17.7% from the March 31st total of 4,313,524 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 565,240 shares, the short-interest ratio is currently 6.3 days.

Analysts Set New Price Targets

Several research firms have recently commented on XIFR. Barclays upped their price objective on 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 downgraded shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Evercore reaffirmed a “hold” rating and issued a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Morgan Stanley upped their target price on shares of XPLR Infrastructure from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $12.40.

Institutional Trading of XPLR Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XIFR. JPMorgan Chase & Co. purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at approximately $55,000. Legal & General Group Plc bought a new position in XPLR Infrastructure in the second quarter worth approximately $830,000. Prudential Financial Inc. bought a new position in XPLR Infrastructure in the second quarter worth approximately $119,000. Arrowstreet Capital Limited Partnership bought a new position in XPLR Infrastructure in the second quarter worth approximately $2,869,000. Finally, Invesco Ltd. bought a new position in XPLR Infrastructure in the second quarter worth approximately $244,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Up 3.1%

Shares of NYSE:XIFR traded up $0.33 during trading on Friday, reaching $10.68. The company’s stock had a trading volume of 1,164,536 shares, compared to its average volume of 696,838. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. XPLR Infrastructure has a 12 month low of $7.99 and a 12 month high of $11.43. The firm’s 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $9.98. The stock has a market capitalization of $1.01 billion, a PE ratio of -34.44 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The firm had revenue of $249.00 million during the quarter. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, research analysts predict that XPLR Infrastructure will post -0.67 EPS for the current fiscal year.

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.