XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Rating of “Hold” from Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned a consensus rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two 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 price target among brokers that have updated their coverage on the stock in the last year is $20.27.

A number of research firms recently weighed in on XIFR. Scotiabank reduced their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on shares of 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 lowered their price target on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, CIBC reduced their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th.

XPLR Infrastructure Stock Down 4.9 %

Shares of NYSE XIFR opened at $8.60 on Tuesday. XPLR Infrastructure has a one year low of $7.97 and a one year high of $35.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The business’s fifty day moving average price is $13.52 and its 200-day moving average price is $19.10. The stock has a market capitalization of $804.39 million, a PE ratio of -86.00 and a beta of 1.03.

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

Institutional Trading of XPLR Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in XIFR. Avion Wealth raised its position in shares of XPLR Infrastructure by 610.2% during the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after buying an additional 2,270 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in XPLR Infrastructure in the third quarter worth approximately $63,000. Central Pacific Bank Trust Division boosted its stake in 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 buying an additional 3,750 shares in the last quarter. Truist Financial Corp boosted its stake in 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 buying an additional 1,049 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in XPLR Infrastructure in the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors 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.