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

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have received an average rating of “Reduce” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.2778.

XIFR has been the topic of several research reports. Wall Street Zen downgraded shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Morgan Stanley reduced their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 2nd. Royal Bank Of Canada began coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Finally, Barclays reduced their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, November 6th.

Hedge Funds Weigh In On XPLR Infrastructure

Several hedge funds have recently added to or reduced their stakes in XIFR. SG Americas Securities LLC bought a new stake in XPLR Infrastructure during the 4th quarter worth about $106,000. 180 Wealth Advisors LLC boosted its stake in shares of XPLR Infrastructure by 3.2% in the 4th quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock valued at $329,000 after purchasing an additional 1,014 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of XPLR Infrastructure by 14.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock worth $195,000 after buying an additional 2,500 shares during the period. JPMorgan Chase & Co. raised its stake in shares of XPLR Infrastructure by 4,489.8% during the third quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock worth $3,133,000 after buying an additional 301,310 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in shares of XPLR Infrastructure by 303.8% during the third quarter. Tudor Investment Corp ET AL now owns 345,070 shares of the solar energy provider’s stock worth $3,509,000 after buying an additional 259,616 shares during the last quarter. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 0.9%

Shares of XIFR opened at $9.73 on Friday. The company has a market capitalization of $914.33 million, a P/E ratio of -5.76 and a beta of 0.97. XPLR Infrastructure has a one year low of $7.53 and a one year high of $17.08. The business’s 50 day simple moving average is $9.57 and its 200-day simple moving average is $9.77. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.69.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.30). The business had revenue of $315.00 million during the quarter, compared to the consensus estimate of $331.56 million. XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

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.