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

XPLR Infrastructure, LP (NYSE:XIFR) has been assigned an average rating of “Reduce” from the twelve analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.45.

XIFR has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 2nd. CIBC lifted their price target on XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Barclays decreased their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $9.50 on Monday. The stock has a market capitalization of $892.25 million, a P/E ratio of -5.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75. XPLR Infrastructure has a 52 week low of $7.53 and a 52 week high of $19.28. The stock has a fifty day moving average of $9.42 and a 200-day moving average of $9.56.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. The company had revenue of $315.00 million during the quarter, compared to the consensus estimate of $331.56 million. XPLR Infrastructure’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently made changes to their positions in XIFR. US Bancorp DE purchased a new stake in shares of XPLR Infrastructure during the third quarter worth about $28,000. Steward Partners Investment Advisory LLC bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth approximately $25,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of XPLR Infrastructure by 1.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 354,034 shares of the solar energy provider’s stock valued at $3,601,000 after acquiring an additional 4,193 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of XPLR Infrastructure in the third quarter worth approximately $55,000. Finally, JPMorgan Chase & Co. bought a new position in XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. 66.01% of the stock is currently owned by 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.