XPLR Infrastructure, LP (NYSE:XIFR) Receives $20.27 Average Target Price from Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have received an average recommendation of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $20.27.

A number of equities research analysts have issued reports on XIFR shares. Wells Fargo & Company cut their price target on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price target (down previously from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Evercore ISI reduced their price objective on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Scotiabank lowered their target price on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds have recently bought and sold shares of XIFR. M&G PLC raised its stake in shares of XPLR Infrastructure by 19.3% in the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after acquiring an additional 496,383 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in XPLR Infrastructure during the 4th quarter valued at $21,449,000. Redwood Grove Capital LLC grew its stake in XPLR Infrastructure by 19.7% in the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock valued at $27,129,000 after purchasing an additional 161,436 shares during the last quarter. abrdn plc lifted its position in XPLR Infrastructure by 15.3% during the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock valued at $17,242,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in XPLR Infrastructure by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock worth $17,417,000 after buying an additional 46,728 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 4.5 %

XIFR opened at $8.45 on Friday. XPLR Infrastructure has a one year low of $8.42 and a one year high of $35.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The firm has a market capitalization of $790.33 million, a P/E ratio of -84.50 and a beta of 1.03. The company has a fifty day moving average price of $16.27 and a 200-day moving average price of $20.84.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. Equities research analysts expect that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

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.