XPLR Infrastructure’s (XIFR) Hold Rating Reiterated at Evercore

Evercore reaffirmed their hold rating on shares of XPLR Infrastructure (NYSE:XIFR) in a research note issued to investors on Thursday, Marketbeat.com reports. Evercore currently has a $10.80 price target on the solar energy provider’s stock.

Several other brokerages have also weighed in on XIFR. Royal Bank Of Canada started coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 target price for the company. Wall Street Zen downgraded shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Barclays upped their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Morgan Stanley dropped their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Finally, Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.33.

XPLR Infrastructure Stock Performance

Shares of XPLR Infrastructure stock opened at $9.94 on Thursday. XPLR Infrastructure has a 52 week low of $7.53 and a 52 week high of $11.43. The business’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $9.97. The firm has a market cap of $934.06 million, a PE ratio of -32.06 and a beta of 1.01. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. Equities analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Abundance Wealth Counselors acquired a new position in shares of XPLR Infrastructure in the third quarter valued at approximately $1,112,000. GraniteShares Advisors LLC acquired a new stake in XPLR Infrastructure during the 3rd quarter worth approximately $1,763,000. DekaBank Deutsche Girozentrale purchased a new position in XPLR Infrastructure in the 3rd quarter valued at approximately $1,299,000. Aberdeen Group plc purchased a new position in XPLR Infrastructure in the 3rd quarter valued at approximately $7,044,000. Finally, ING Groep NV acquired a new position in shares of XPLR Infrastructure in the third quarter worth $20,340,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

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.