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

XPLR Infrastructure, LP (NYSE:XIFR) has earned a consensus rating of “Reduce” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three 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 issued ratings on the stock in the last year is $12.5833.

Several brokerages have commented on XIFR. Canadian Imperial Bank of Commerce upped their target price on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Barclays lifted their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday. Royal Bank Of Canada initiated coverage on shares of XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price objective for the company. Morgan Stanley dropped their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 2nd. Finally, Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday.

XPLR Infrastructure Price Performance

Shares of XIFR opened at $10.75 on Tuesday. The stock has a market cap of $1.01 billion, a P/E ratio of -34.66 and a beta of 1.02. XPLR Infrastructure has a 1 year low of $7.53 and a 1 year high of $11.43. The stock’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $9.88. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.87. The company had revenue of $249.00 million during the quarter. XPLR Infrastructure had a positive return on equity of 1.52% and a negative net margin of 2.27%.The firm’s revenue was down 15.3% on a year-over-year basis. On average, equities analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of XIFR. Ensign Peak Advisors Inc acquired a new stake in XPLR Infrastructure during the 2nd quarter worth approximately $256,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of XPLR Infrastructure during the second quarter worth $256,000. Swiss National Bank bought a new stake in shares of XPLR Infrastructure during the second quarter worth $1,465,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure during the second quarter worth $55,000. Finally, MAI Capital Management bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $94,000. 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.