XPLR Infrastructure, LP (NYSE:XIFR) Receives $17.64 Consensus Target Price from Analysts

XPLR Infrastructure, LP (NYSE:XIFRGet Free Report) has earned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.64.

A number of research firms have recently issued reports on XIFR. Barclays raised their price target on shares of XPLR Infrastructure from $6.00 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Mizuho reduced their price target on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th.

View Our Latest Stock Analysis on XIFR

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds have recently modified their holdings of the company. Truist Financial Corp lifted its holdings in XPLR Infrastructure by 10.1% during the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after buying an additional 1,049 shares during the period. Avion Wealth lifted its stake in shares of XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after purchasing an additional 2,270 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of XPLR Infrastructure by 18.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider’s stock valued at $381,000 after purchasing an additional 3,387 shares during the period. Castellan Group increased its position in XPLR Infrastructure by 4.6% in the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock valued at $2,342,000 after buying an additional 5,772 shares in the last quarter. Finally, Entropy Technologies LP increased its position in XPLR Infrastructure by 29.2% in the 4th quarter. Entropy Technologies LP now owns 28,675 shares of the solar energy provider’s stock valued at $510,000 after buying an additional 6,488 shares in the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 0.6%

Shares of NYSE:XIFR opened at $8.79 on Thursday. The stock’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $11.53. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $29.03. The firm has a market cap of $826.27 million, a price-to-earnings ratio of -87.90 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFRGet Free Report) last released its quarterly earnings data on Thursday, May 8th. The solar energy provider reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. On average, research analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current year.

XPLR Infrastructure Company Profile

(Get Free Report

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.

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Analyst Recommendations for XPLR Infrastructure (NYSE:XIFR)

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