XPLR Infrastructure, LP (NYSE:XIFR) Given Average Rating of “Reduce” by Analysts

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have received an average recommendation of “Reduce” from the seven analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.5833.

A number of research firms have recently issued reports on XIFR. Barclays raised their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada initiated coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Sunday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XIFR. US Bancorp DE bought a new position in XPLR Infrastructure in the 3rd quarter worth approximately $28,000. Huntington National Bank boosted its position in shares of XPLR Infrastructure by 715.6% during the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after acquiring an additional 2,698 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of XPLR Infrastructure during the second quarter worth $25,000. Future Financial Wealth Managment LLC purchased a new position in XPLR Infrastructure during the third quarter valued at $55,000. Finally, JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Trading Up 0.4%

XPLR Infrastructure stock opened at $10.67 on Tuesday. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $11.43. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -34.40 and a beta of 1.02. The business’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $9.93. 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 (NYSE:XIFR) last issued its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, equities analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

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.