XPLR Infrastructure, LP (NYSE:XIFR) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given a consensus recommendation of “Reduce” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.2778.

Several research analysts recently weighed in on XIFR shares. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. CIBC lifted their price target on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Morgan Stanley decreased their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Royal Bank Of Canada began coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 target price on the stock.

XPLR Infrastructure Stock Performance

XIFR stock opened at $9.73 on Friday. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $17.08. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The company has a market cap of $914.33 million, a P/E ratio of -5.76 and a beta of 0.97. The business’s fifty day moving average is $9.57 and its 200-day moving average is $9.77.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). The company had revenue of $315.00 million for the quarter, compared to the consensus estimate of $331.56 million. XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the business. 180 Wealth Advisors LLC increased its stake in XPLR Infrastructure by 3.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock worth $329,000 after purchasing an additional 1,014 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of XPLR Infrastructure by 14.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after buying an additional 2,500 shares during the period. US Bancorp DE acquired a new position in shares of XPLR Infrastructure in the third quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC bought a new stake in shares of XPLR Infrastructure during the second quarter worth $25,000. Finally, Arrowstreet Capital Limited Partnership raised 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 worth $3,601,000 after acquiring an additional 4,193 shares during the period. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.