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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned an average rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three 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 1 year price target among analysts that have issued ratings on the stock in the last year is $12.40.

Several research firms have issued reports on XIFR. Mizuho set a $12.00 price target on XPLR Infrastructure in a research note on Wednesday, February 11th. Canadian Imperial Bank of Commerce dropped their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Evercore reissued a “hold” rating and issued a $10.80 price target on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Morgan Stanley lifted their price target on XPLR Infrastructure from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, April 7th. Finally, Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday.

XPLR Infrastructure Stock Performance

XIFR stock opened at $11.72 on Friday. The business’s 50-day moving average price is $10.35 and its two-hundred day moving average price is $9.99. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.11 billion, a PE ratio of 10.76 and a beta of 0.89. XPLR Infrastructure has a 1-year low of $7.99 and a 1-year high of $12.40.

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 the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.97% and a net margin of 8.81%.The business had revenue of $275.00 million for the quarter. During the same quarter in the previous year, the company posted ($1.05) EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts forecast that XPLR Infrastructure will post -0.67 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of XIFR. US Bancorp DE acquired a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at about $28,000. Huntington National Bank raised its stake in shares of XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at about $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at about $77,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of XPLR Infrastructure in the third quarter valued at about $80,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.