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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.5714.

A number of analysts have recently weighed in on XIFR shares. Morgan Stanley upped their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Barclays upped their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th.

Institutional Trading of XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of XPLR Infrastructure by 248.8% during the 1st quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock worth $8,157,000 after buying an additional 547,898 shares during the last quarter. Amundi lifted its position in shares of XPLR Infrastructure by 25.8% during the 1st quarter. Amundi now owns 114,113 shares of the solar energy provider’s stock worth $1,212,000 after buying an additional 23,426 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of XPLR Infrastructure by 58.4% during the 1st quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock worth $1,356,000 after buying an additional 47,081 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of XPLR Infrastructure during the 1st quarter worth $141,000. Finally, Endure Capital Management LLC bought a new stake in shares of XPLR Infrastructure during the 1st quarter worth $12,054,000. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $11.71 on Thursday. The stock has a fifty day moving average price of $10.70 and a 200-day moving average price of $10.16. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.75 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. XPLR Infrastructure has a fifty-two week low of $7.99 and a fifty-two week high of $12.61.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The company had revenue of $275.00 million for the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm posted ($1.05) EPS. As a group, equities analysts anticipate that XPLR Infrastructure will post -0.32 EPS 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.