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

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

XIFR has been the topic of several research analyst reports. Morgan Stanley upped their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Canadian Imperial Bank of Commerce dropped their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Evercore set a $11.00 price target on XPLR Infrastructure in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th.

Institutional Investors Weigh In On XPLR Infrastructure

Large investors have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC lifted its position in shares of XPLR Infrastructure by 3.2% in 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 during the period. Stifel Financial Corp lifted its position in XPLR Infrastructure by 7.7% during the fourth quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock valued at $228,000 after acquiring an additional 1,637 shares during the last quarter. Deutsche Bank AG lifted its position in XPLR Infrastructure by 8.4% during the fourth quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock valued at $275,000 after acquiring an additional 2,125 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in XPLR Infrastructure by 14.7% during 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 acquiring an additional 2,500 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in XPLR Infrastructure by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 38,493 shares of the solar energy provider’s stock valued at $409,000 after acquiring an additional 2,616 shares during the last quarter. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

XIFR opened at $11.84 on Monday. XPLR Infrastructure has a 52-week low of $7.99 and a 52-week high of $13.25. The firm has a market capitalization of $1.12 billion, a PE ratio of 10.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The business’s 50-day simple moving average is $11.22 and its 200 day simple moving average is $10.47.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The company had revenue of $275.00 million for the quarter. During the same quarter in the previous year, the firm earned ($1.05) EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that XPLR Infrastructure will post -1.34 earnings per share for the current fiscal year.

XPLR Infrastructure Company Profile

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.