Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Price Target at $12.33

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned an average recommendation of “Reduce” from the eight ratings firms that are presently 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 given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $12.3286.

Several equities analysts have commented on XIFR shares. Royal Bank Of Canada began coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price on the stock. Barclays increased their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, February 12th. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Finally, Mizuho set a $12.00 target price on XPLR Infrastructure in a research note on Wednesday, February 11th.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $10.62 on Friday. The stock has a fifty day moving average price of $10.30 and a 200-day moving average price of $9.98. The company has a market cap of $998.24 million, a price-to-earnings ratio of -34.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. XPLR Infrastructure has a fifty-two week low of $7.53 and a fifty-two week high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results 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 positive return on equity of 1.54% and a negative net margin of 2.27%.XPLR Infrastructure’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, equities analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Large investors have recently bought and sold shares of the business. US Bancorp DE bought a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at approximately $28,000. Huntington National Bank increased its position in XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after purchasing an additional 2,698 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in XPLR Infrastructure in the 2nd quarter valued at approximately $25,000. Future Financial Wealth Managment LLC bought a new position in XPLR Infrastructure in the 3rd quarter valued at approximately $55,000. Finally, JPMorgan Chase & Co. bought a new position in XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. 66.01% of the stock is owned by institutional investors and hedge funds.

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.