Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Price Target at $12.58

XPLR Infrastructure, LP (NYSE:XIFR) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.5833.

A number of brokerages have commented on XIFR. Mizuho set a $12.00 price objective on XPLR Infrastructure in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Royal Bank Of Canada started coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective on the stock. Barclays increased their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Finally, Morgan Stanley decreased their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 2nd.

XPLR Infrastructure Trading Down 1.1%

Shares of XIFR opened at $10.32 on Tuesday. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $11.43. The business’s 50-day moving average price is $10.00 and its 200 day moving average price is $9.90. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $969.77 million, a P/E ratio of -33.29 and a beta of 1.02.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. XPLR Infrastructure’s revenue was down 15.3% on a year-over-year basis. Analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Several hedge funds have recently modified their holdings of the company. Ensign Peak Advisors Inc acquired a new position in shares of XPLR Infrastructure in the 2nd quarter worth approximately $256,000. Dynamic Technology Lab Private Ltd acquired a new position in XPLR Infrastructure in the second quarter worth $256,000. Swiss National Bank bought a new stake in shares of XPLR Infrastructure during the second quarter worth $1,465,000. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure during the second quarter worth $55,000. Finally, MAI Capital Management acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at $94,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.