XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Rating of “Hold” from Brokerages

XPLR Infrastructure, LP (NYSE:XIFR) has earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.50.

XIFR has been the topic of a number of research reports. Guggenheim lowered their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group lowered their price objective on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. CIBC decreased their target price on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On XPLR Infrastructure

Several large investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC grew its position in XPLR Infrastructure by 18.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider’s stock valued at $381,000 after buying an additional 3,387 shares during the period. Good Life Advisors LLC bought a new position in shares of XPLR Infrastructure during the 4th quarter valued at approximately $218,000. Alberta Investment Management Corp purchased a new stake in shares of XPLR Infrastructure during the 4th quarter worth approximately $1,737,000. Truist Financial Corp raised its holdings in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares during the period. Finally, Castellan Group lifted its stake in XPLR Infrastructure by 4.6% in the fourth quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock valued at $2,342,000 after purchasing an additional 5,772 shares during the last quarter. 66.01% of the stock is owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Down 8.9 %

XIFR opened at $8.43 on Friday. The company has a market cap of $792.10 million, a P/E ratio of -84.30 and a beta of 0.97. The company has a fifty day moving average price of $9.30 and a two-hundred day moving average price of $16.40. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a 1-year low of $7.97 and a 1-year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. Analysts predict that XPLR Infrastructure will post 2.33 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.