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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given an average recommendation of “Hold” by the eighteen analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $20.27.

XIFR has been the subject of a number of analyst reports. Morgan Stanley restated an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a research note on Monday. CIBC decreased their price target on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday. Barclays decreased their target price on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price target (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th.

XPLR Infrastructure Stock Performance

Shares of NYSE:XIFR opened at $8.85 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $827.78 million, a price-to-earnings ratio of -88.50 and a beta of 1.03. XPLR Infrastructure has a 12 month low of $8.81 and a 12 month high of $35.15. The firm’s 50-day moving average is $16.62 and its 200 day moving average is $21.16.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, topping 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%. Research analysts predict that XPLR Infrastructure will post 1.54 EPS for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of XPLR Infrastructure during the 4th quarter worth approximately $21,449,000. Thrivent Financial for Lutherans purchased a new position in XPLR Infrastructure during the third quarter worth $16,186,000. Two Sigma Advisers LP acquired a new position in shares of XPLR Infrastructure in the third quarter worth $15,310,000. M&G PLC lifted its position in shares of XPLR Infrastructure by 19.3% in the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after acquiring an additional 496,383 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of XPLR Infrastructure during the fourth quarter valued at $3,003,000. 66.01% of the stock is owned by institutional investors and hedge funds.

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.