XPLR Infrastructure (NYSE:XIFR) Stock Price Expected to Rise, CIBC Analyst Says

XPLR Infrastructure (NYSE:XIFR) had its target price raised by analysts at CIBC from $11.00 to $11.50 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the solar energy provider’s stock. CIBC’s price objective indicates a potential upside of 14.37% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays increased their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Jefferies Financial Group upped their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $15.32.

XPLR Infrastructure Trading Down 2.3%

NYSE:XIFR opened at $10.06 on Tuesday. The firm has a market capitalization of $944.87 million, a P/E ratio of -5.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72. XPLR Infrastructure has a one year low of $7.53 and a one year high of $23.50. The company’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $9.33.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.64. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $359.64 million. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.86%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Several large investors have recently modified their holdings of XIFR. Steward Partners Investment Advisory LLC bought a new stake in XPLR Infrastructure in the second quarter worth about $25,000. Future Financial Wealth Managment LLC purchased a new stake in shares of XPLR Infrastructure in the third quarter worth approximately $55,000. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co bought a new position in XPLR Infrastructure in the 2nd quarter valued at $77,000. Finally, MAI Capital Management bought a new position in XPLR Infrastructure in the 2nd quarter valued at $94,000. 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.