XPLR Infrastructure, LP (NYSE:XIFR) Receives $12.28 Consensus Target Price from Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned an average rating of “Reduce” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.2778.

A number of research firms have issued reports on XIFR. Royal Bank Of Canada began coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target for the company. Barclays reduced their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. CIBC boosted their price target on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Morgan Stanley reduced their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new stake in XPLR Infrastructure during the second quarter worth $25,000. US Bancorp DE bought a new position in shares of XPLR Infrastructure in the 3rd quarter worth $28,000. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure during the second quarter valued at about $55,000. Future Financial Wealth Managment LLC purchased a new position in XPLR Infrastructure in the third quarter valued at about $55,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in XPLR Infrastructure in the second quarter worth about $77,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

XIFR opened at $9.66 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $9.57 and its two-hundred day moving average price is $9.78. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $17.08. The company has a market cap of $907.47 million, a price-to-earnings ratio of -5.71 and a beta of 0.97.

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 analysts’ consensus estimates of ($0.07) by ($0.30). The business had revenue of $315.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that XPLR Infrastructure will post 2.33 EPS 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.