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

XPLR Infrastructure, LP (NYSE:XIFR) has earned an average rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $20.27.

XIFR has been the subject of several analyst reports. BNP Paribas upgraded shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price target on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group lowered their price objective on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Guggenheim cut their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Barclays decreased their price target on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd.

Institutional Trading of XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in XIFR. Northwestern Mutual Wealth Management Co. grew its position in XPLR Infrastructure by 150.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock worth $46,000 after acquiring an additional 1,000 shares during the last quarter. Avion Wealth grew its holdings in shares of XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after purchasing an additional 2,270 shares during the last quarter. Eastern Bank acquired a new position in shares of XPLR Infrastructure in the third quarter valued at approximately $57,000. McIlrath & Eck LLC bought a new position in XPLR Infrastructure in the 3rd quarter valued at approximately $63,000. Finally, Central Pacific Bank Trust Division raised its holdings in XPLR Infrastructure by 153.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after buying an additional 3,750 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $8.52 on Friday. The stock has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $20.59. The stock has a market cap of $796.88 million, a P/E ratio of -85.20 and a beta of 1.03. XPLR Infrastructure has a 1-year low of $7.97 and a 1-year high of $35.15. 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 (NYSE:XIFR) last posted its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. Research analysts anticipate that XPLR Infrastructure will post 2.33 earnings per share for the current 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.