XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned an average recommendation of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.5833.

XIFR has been the topic of several research analyst reports. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday. Canadian Imperial Bank of Commerce upped their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Barclays increased their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday. Royal Bank Of Canada began coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On XPLR Infrastructure

Several institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. acquired a new position in XPLR Infrastructure in the second quarter valued at approximately $46,948,000. Apollo Management Holdings L.P. acquired a new stake in XPLR Infrastructure during the 2nd quarter worth $40,853,000. Anchorage Capital Advisors L.P. bought a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at $33,443,000. ING Groep NV acquired a new position in shares of XPLR Infrastructure in the 3rd quarter valued at $20,340,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $16,400,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

Shares of NYSE:XIFR opened at $10.75 on Tuesday. The business has a fifty day moving average of $9.91 and a 200-day moving average of $9.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $11.43. The firm has a market cap of $1.01 billion, a PE ratio of -34.66 and a beta of 1.02.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.52%. The firm had revenue of $249.00 million for the quarter. XPLR Infrastructure’s quarterly revenue was down 15.3% on a year-over-year basis. On average, equities research 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.