XPLR Infrastructure (NYSE:XIFR) Earns “In-Line” Rating from Evercore

XPLR Infrastructure (NYSE:XIFR)‘s stock had its “in-line” rating reaffirmed by research analysts at Evercore in a note issued to investors on Thursday, MarketBeat reports. They presently have a $10.80 price target on the solar energy provider’s stock. Evercore’s target price indicates a potential upside of 7.14% from the company’s current price.

XIFR has been the subject of a number of other research reports. Barclays boosted their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Mizuho set a $12.00 price target on XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $12.33.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock traded down $0.17 during midday trading on Thursday, hitting $10.08. 152,156 shares of the company’s stock were exchanged, compared to its average volume of 1,545,789. The company has a market cap of $947.18 million, a P/E ratio of -32.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The stock has a 50-day moving average price of $10.23 and a two-hundred day moving average price of $9.97. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $11.43.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at about $25,000. US Bancorp DE purchased a new position in XPLR Infrastructure in the 3rd quarter worth approximately $28,000. Huntington National Bank lifted its position in XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in XPLR Infrastructure in the third quarter valued at approximately $55,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of XPLR Infrastructure during the second quarter valued at approximately $55,000. 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.