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

XPLR Infrastructure, LP (NYSE:XIFR) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.50.

A number of research firms have recently commented on XIFR. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $12.00 target price on shares of XPLR Infrastructure in a research note on Friday, July 17th. Weiss Ratings raised shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Morgan Stanley lifted their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Evercore reissued a “positive” rating and set a $12.00 target price on shares of XPLR Infrastructure in a report on Monday, August 17th.

XPLR Infrastructure Trading Down 0.5%

Shares of NYSE:XIFR opened at $11.42 on Friday. The business’s 50 day moving average price is $11.89 and its 200-day moving average price is $11.31. XPLR Infrastructure has a 1 year low of $8.68 and a 1 year high of $13.25. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 17.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 1.14.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, topping the consensus estimate of ($0.50) by $0.90. The company had revenue of $363.00 million during the quarter. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. During the same period in the previous year, the firm posted $0.84 EPS. On average, equities research analysts forecast that XPLR Infrastructure will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

Several large investors have recently made changes to their positions in XIFR. Bank of America Corp DE boosted its stake in XPLR Infrastructure by 248.8% during the 1st quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock worth $8,157,000 after purchasing an additional 547,898 shares during the last quarter. Endure Capital Management LLC purchased a new stake in shares of XPLR Infrastructure during the first quarter worth $12,054,000. Assenagon Asset Management S.A. raised its position in shares of XPLR Infrastructure by 372.8% in the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after buying an additional 687,931 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of XPLR Infrastructure by 63.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider’s stock valued at $11,614,000 after buying an additional 425,174 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of XPLR Infrastructure by 58.4% in the first quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock valued at $1,356,000 after buying an additional 47,081 shares during the last quarter. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

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.