XPLR Infrastructure, LP (NYSE:XIFR) Receives Average Rating of “Hold” from Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.50.

XIFR has been the subject of several recent research reports. Scotiabank decreased their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Morgan Stanley reiterated an “underweight” rating and issued a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. CIBC dropped their price target on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th.

XPLR Infrastructure Stock Down 0.3 %

XPLR Infrastructure stock opened at $9.30 on Friday. The firm has a market capitalization of $873.85 million, a price-to-earnings ratio of -93.00 and a beta of 0.97. The firm’s fifty day moving average price is $9.60 and its two-hundred day moving average price is $16.57. XPLR Infrastructure has a 1-year low of $7.97 and a 1-year 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 results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XIFR. Assenagon Asset Management S.A. boosted its stake in shares of XPLR Infrastructure by 59.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider’s stock valued at $3,084,000 after purchasing an additional 64,673 shares in the last quarter. abrdn plc boosted 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 buying an additional 130,000 shares during the period. Franklin Resources Inc. grew its stake in shares of XPLR Infrastructure by 89.4% during the third quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider’s stock valued at $2,049,000 after buying an additional 37,265 shares during the last quarter. Everett Harris & Co. CA purchased a new position in shares of XPLR Infrastructure in the fourth quarter worth about $543,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of XPLR Infrastructure by 158.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 255,754 shares of the solar energy provider’s stock valued at $7,064,000 after acquiring an additional 156,774 shares during the last quarter. 66.01% of the stock is currently owned by 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.