Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Target Price at $20.27

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have earned an average rating of "Hold" from the seventeen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.27.

A number of research firms have recently commented on XIFR. Scotiabank cut their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. CIBC cut their price target on shares of XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Morgan Stanley reaffirmed an "underweight" rating and issued a $13.00 price target (down previously from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. BMO Capital Markets reissued a "market perform" rating and set a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their target price on XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd.

XPLR Infrastructure Stock Performance

Shares of XIFR traded down $0.03 on Friday, reaching $9.30. 1,295,914 shares of the company's stock traded hands, compared to its average volume of 3,201,352. The stock's 50 day simple moving average is $9.60 and its two-hundred day simple moving average is $16.57. The stock has a market cap of $873.85 million, a PE ratio of -93.00 and a beta of 0.97. XPLR Infrastructure has a 52-week low of $7.97 and a 52-week 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.

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XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released 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 positive return on equity of 1.34% and a negative net margin of 0.73%. On average, analysts forecast 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 modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its holdings in XPLR Infrastructure by 18.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider's stock valued at $381,000 after acquiring an additional 3,387 shares during the period. Good Life Advisors LLC bought a new stake in XPLR Infrastructure in the fourth quarter valued at approximately $218,000. Alberta Investment Management Corp purchased a new stake in shares of XPLR Infrastructure during the fourth quarter valued at approximately $1,737,000. Truist Financial Corp grew its holdings in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock worth $204,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Castellan Group increased its stake in shares of XPLR Infrastructure by 4.6% in the fourth quarter. Castellan Group now owns 131,599 shares of the solar energy provider's stock worth $2,342,000 after buying an additional 5,772 shares during the period. 66.01% of the stock is 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.