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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.43.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. 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 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. CIBC reduced their price objective 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, BMO Capital Markets reissued a “market perform” rating and set a $18.00 target price (down previously from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th.

Hedge Funds Weigh In On XPLR Infrastructure

Large investors have recently modified their holdings of the business. McIlrath & Eck LLC purchased a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at approximately $63,000. Avion Wealth lifted its position in shares of XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after acquiring an additional 2,270 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of XPLR Infrastructure by 153.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after acquiring an additional 3,750 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after acquiring an additional 1,049 shares during the period. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of XPLR Infrastructure in the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

XIFR opened at $8.44 on Wednesday. The company has a market cap of $793.04 million, a price-to-earnings ratio of -84.40 and a beta of 0.97. The company’s fifty day moving average price is $8.89 and its two-hundred day moving average price is $14.62. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $35.15. 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 (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. On average, analysts expect 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.