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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.43.

XIFR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Barclays reduced their price objective on XPLR Infrastructure from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their target price on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group dropped their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd.

XPLR Infrastructure Stock Performance

XIFR opened at $8.44 on Wednesday. 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 has a 52-week low of $7.53 and a 52-week high of $35.15. The firm has a market cap of $793.04 million, a P/E ratio of -84.40 and a beta of 0.97. The business’s fifty day moving average is $8.89 and its 200-day moving average is $14.62.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS 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%. Sell-side analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Large investors have recently modified their holdings of the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in XPLR Infrastructure in the fourth quarter worth $21,449,000. abrdn plc boosted its position in shares of XPLR Infrastructure by 15.3% during the 4th quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock worth $17,242,000 after purchasing an additional 130,000 shares in the last quarter. Swedbank AB grew its stake in shares of XPLR Infrastructure by 14.5% in the 4th quarter. Swedbank AB now owns 278,689 shares of the solar energy provider’s stock valued at $4,961,000 after buying an additional 35,307 shares during the period. Assenagon Asset Management S.A. increased its position in XPLR Infrastructure by 59.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider’s stock valued at $3,084,000 after buying an additional 64,673 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in XPLR Infrastructure during the 4th quarter worth approximately $3,003,000. 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.