Analysts Set XPLR Infrastructure, LP (NYSE:XIFR) PT at $20.27

XPLR Infrastructure, LP (NYSE:XIFR) has received an average rating of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.27.

Several research firms have recently weighed in on XIFR. Guggenheim reduced their target price on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Scotiabank dropped their target price on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Barclays reduced their price target on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $8.49 on Tuesday. The company has a market capitalization of $794.10 million, a P/E ratio of -84.90 and a beta of 1.03. The business has a fifty day simple moving average of $12.97 and a two-hundred day simple moving average of $18.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. XPLR Infrastructure has a 1 year low of $7.97 and a 1 year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. M&G PLC boosted its holdings in shares of XPLR Infrastructure by 19.3% in the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after purchasing an additional 496,383 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in XPLR Infrastructure in the 4th quarter worth approximately $21,449,000. Redwood Grove Capital LLC boosted its stake in XPLR Infrastructure by 19.7% in the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock worth $27,129,000 after buying an additional 161,436 shares in the last quarter. abrdn plc grew its position in XPLR Infrastructure by 15.3% during the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock valued at $17,242,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of XPLR Infrastructure by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock worth $17,417,000 after acquiring an additional 46,728 shares in the last quarter. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.