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

XPLR Infrastructure, LP (NYSE:XIFR) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.5714.

A number of research analysts have recently commented on XIFR shares. Canadian Imperial Bank of Commerce reduced their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Weiss Ratings raised XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Morgan Stanley boosted their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Evercore set a $11.00 target price on XPLR Infrastructure in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th.

XPLR Infrastructure Price Performance

XIFR stock opened at $11.99 on Monday. The firm has a 50 day moving average of $11.36 and a 200-day moving average of $10.55. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. XPLR Infrastructure has a 12 month low of $8.03 and a 12 month high of $13.25. The firm has a market capitalization of $1.13 billion, a P/E ratio of 11.00 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The firm had revenue of $275.00 million for the quarter. During the same quarter in the previous year, the business earned ($1.05) earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that XPLR Infrastructure will post -1.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds have recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. increased its holdings 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 worth $46,000,000 after buying an additional 3,900,000 shares during the last quarter. Anchorage Capital Advisors L.P. lifted its holdings in shares of XPLR Infrastructure by 109.8% during the 4th quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after acquiring an additional 3,610,961 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth $16,400,000. Aventail Capital Group LP purchased a new position in XPLR Infrastructure in the third quarter worth $11,751,000. Finally, Endure Capital Management LLC purchased a new position in XPLR Infrastructure in the first quarter worth $12,054,000. 66.01% of the stock is currently owned by institutional investors.

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.