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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned a consensus recommendation of “Reduce” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.45.

A number of research firms have weighed in on XIFR. CIBC boosted their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Morgan Stanley reduced their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday. Wall Street Zen lowered shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Barclays reduced their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in XPLR Infrastructure in the 2nd quarter valued at about $256,000. Ensign Peak Advisors Inc purchased a new position in XPLR Infrastructure during the second quarter worth about $256,000. MAI Capital Management acquired a new stake in shares of XPLR Infrastructure during the second quarter valued at about $94,000. Caisse Des Depots ET Consignations acquired a new position in shares of XPLR Infrastructure in the 3rd quarter worth approximately $419,000. Finally, Corient Private Wealth LLC purchased a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $121,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $9.01 on Thursday. The company has a market cap of $846.29 million, a P/E ratio of -5.33 and a beta of 0.99. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $19.28. The company’s 50-day moving average price is $9.88 and its 200-day moving average price is $9.51. 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 released its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $315.00 million during the quarter, compared to analyst estimates of $331.56 million. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts forecast that XPLR Infrastructure will post 2.33 earnings per share 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.