XPLR Infrastructure, LP (NYSE:XIFR) Receives $12.40 Average Target Price from Analysts

XPLR Infrastructure, LP (NYSE:XIFR) has been assigned a consensus rating of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.40.

A number of brokerages recently issued reports on XIFR. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Monday, April 20th. Mizuho set a $12.00 price target on XPLR Infrastructure in a report on Wednesday, February 11th. Wall Street Zen cut XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Canadian Imperial Bank of Commerce dropped their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Evercore reaffirmed a “hold” rating and set a $10.80 price target on shares of XPLR Infrastructure in a report on Thursday, March 5th.

XPLR Infrastructure Trading Up 1.7%

Shares of XIFR stock opened at $11.40 on Friday. XPLR Infrastructure has a 52-week low of $7.99 and a 52-week high of $11.56. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -36.79 and a beta of 0.89. 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 fifty day moving average of $10.35 and a 200-day moving average of $9.99.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The company had revenue of $275.00 million during the quarter. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.05) earnings per share. On average, equities research analysts forecast that XPLR Infrastructure will post -0.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abundance Wealth Counselors acquired a new stake in XPLR Infrastructure in the 3rd quarter valued at about $1,112,000. GraniteShares Advisors LLC acquired a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at $1,763,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at $1,299,000. JPMorgan Chase & Co. increased its stake in shares of XPLR Infrastructure by 4,489.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock valued at $3,133,000 after buying an additional 301,310 shares during the period. Finally, Anchorage Capital Advisors L.P. acquired a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at $33,443,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.