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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have received a consensus rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.00.

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a report on Monday, May 11th. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Canadian Imperial Bank of Commerce cut their price objective on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Morgan Stanley upped their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th.

XPLR Infrastructure Stock Down 2.6%

Shares of XIFR stock opened at $12.21 on Friday. XPLR Infrastructure has a twelve month low of $8.68 and a twelve month high of $13.25. The stock has a market cap of $1.15 billion, a P/E ratio of 11.20 and a beta of 0.94. The stock has a 50 day moving average of $11.90 and a 200 day moving average of $10.86. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53.

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

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of XIFR. Assenagon Asset Management S.A. raised its holdings in XPLR Infrastructure by 372.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock worth $10,304,000 after purchasing an additional 687,931 shares during the period. Central Pacific Bank Trust Division grew its holdings in XPLR Infrastructure by 35.9% in the second quarter. Central Pacific Bank Trust Division now owns 26,500 shares of the solar energy provider’s stock valued at $313,000 after purchasing an additional 7,000 shares during the period. Bank of America Corp DE grew its holdings in XPLR Infrastructure by 248.8% in the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock valued at $8,157,000 after purchasing an additional 547,898 shares during the period. Amundi increased its position in shares of XPLR Infrastructure by 25.8% in the first quarter. Amundi now owns 114,113 shares of the solar energy provider’s stock valued at $1,212,000 after buying an additional 23,426 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of XPLR Infrastructure by 58.4% in the first quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock valued at $1,356,000 after buying an additional 47,081 shares in the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

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.