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

XPLR Infrastructure, LP (NYSE:XIFR) has been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $20.27.

XIFR has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price target on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their target price on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. CIBC decreased their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Morgan Stanley restated an “underweight” rating and set a $13.00 price objective (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd.

XPLR Infrastructure Stock Down 2.9 %

Shares of XPLR Infrastructure stock opened at $9.44 on Friday. The company has a 50-day simple moving average of $10.03 and a two-hundred day simple moving average of $16.95. The stock has a market capitalization of $887.00 million, a PE ratio of -94.40 and a beta of 1.13. XPLR Infrastructure has a 52-week low of $7.97 and a 52-week high of $35.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. On average, analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Avion Wealth increased its holdings in XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after acquiring an additional 2,270 shares in the last quarter. McIlrath & Eck LLC purchased a new position in XPLR Infrastructure during the third quarter valued at approximately $63,000. Central Pacific Bank Trust Division boosted its position in shares of XPLR Infrastructure by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after purchasing an additional 3,750 shares during the period. Truist Financial Corp increased its stake in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of XPLR Infrastructure during the 4th quarter valued at $211,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.