XPLR Infrastructure, LP (NYSE:XIFR) Given Average Rating of “Reduce” by Analysts

XPLR Infrastructure, LP (NYSE:XIFR) has been given an average rating of “Reduce” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.3286.

A number of brokerages have issued reports on XIFR. Mizuho set a $12.00 price target on XPLR Infrastructure in a report on Wednesday, February 11th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Evercore restated a “hold” rating and set a $10.80 price target on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Royal Bank Of Canada began coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, Weiss Ratings reissued 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 hedge funds and other institutional investors have recently made changes to their positions in XIFR. 180 Wealth Advisors LLC increased its position in 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 acquiring an additional 1,014 shares during the period. Stifel Financial Corp lifted its holdings in XPLR Infrastructure by 7.7% in the 4th quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock valued at $228,000 after purchasing an additional 1,637 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of XPLR Infrastructure by 8.4% during the 4th quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock worth $275,000 after acquiring an additional 2,125 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of XPLR Infrastructure by 14.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares in the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Price Performance

Shares of XIFR stock opened at $10.29 on Friday. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $11.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a market capitalization of $966.48 million, a price-to-earnings ratio of -33.18 and a beta of 1.01. The stock’s 50-day simple moving average is $10.30 and its 200-day simple moving average is $9.98.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was down 15.3% on a year-over-year basis. As a group, equities analysts forecast that XPLR Infrastructure will post 2.33 earnings per share 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.