XPLR Infrastructure, LP (NYSE:XIFR) Given Average Recommendation of “Hold” by Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $20.27.

A number of analysts have issued reports on the stock. BNP Paribas upgraded shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. Guggenheim reduced their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Scotiabank dropped their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, CIBC lowered their target price on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th.

Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in XIFR. Truist Financial Corp grew its holdings in XPLR Infrastructure by 10.1% during the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock valued at $204,000 after purchasing an additional 1,049 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of XPLR Infrastructure by 16.2% during the third quarter. Integrated Wealth Concepts LLC now owns 14,945 shares of the solar energy provider’s stock valued at $413,000 after buying an additional 2,084 shares during the period. McIlrath & Eck LLC bought a new position in shares of XPLR Infrastructure during the third quarter valued at approximately $63,000. Avion Wealth grew its stake in shares of XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after buying an additional 2,270 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of XPLR Infrastructure by 11.0% in the third quarter. Sanctuary Advisors LLC now owns 24,540 shares of the solar energy provider’s stock worth $678,000 after buying an additional 2,437 shares during the period. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $9.44 on Friday. The stock has a 50-day moving average price of $10.03 and a 200 day moving average price of $16.95. The stock has a market capitalization of $887.00 million, a P/E ratio of -94.40 and a beta of 1.13. XPLR Infrastructure has a 12-month low of $7.97 and a 12-month high of $35.15. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. Equities research analysts forecast 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.