XPLR Infrastructure, LP (NYSE:XIFR) Receives $12.00 Consensus Target Price from Analysts

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.1667.

XIFR has been the topic of several recent analyst reports. Wall Street Zen lowered shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley lifted their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Evercore set a $11.00 price target on XPLR Infrastructure in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of XPLR Infrastructure in a research note on Friday.

Institutional Trading of XPLR Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Anchorage Capital Advisors L.P. increased its position in XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after buying an additional 3,610,961 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of XPLR Infrastructure by 557.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after acquiring an additional 3,900,000 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of XPLR Infrastructure during the second quarter valued at $16,400,000. Aventail Capital Group LP boosted its stake in shares of XPLR Infrastructure by 39.2% during the fourth quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider’s stock valued at $16,086,000 after acquiring an additional 453,144 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its stake in shares of XPLR Infrastructure by 22.0% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,331,085 shares of the solar energy provider’s stock valued at $13,311,000 after acquiring an additional 240,000 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $11.99 on Friday. XPLR Infrastructure has a one year low of $8.68 and a one year high of $13.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The business has a fifty day moving average of $11.91 and a two-hundred day moving average of $10.88. The company has a market cap of $1.13 billion, a P/E ratio of 11.00 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The company had revenue of $275.00 million for the quarter. During the same quarter in the previous year, the business posted ($1.05) earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts predict that XPLR Infrastructure will post -1.34 earnings per share for the current fiscal year.

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.