XPLR Infrastructure, LP (NYSE:XIFR) Receives Average Recommendation of "Hold" from Analysts

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) has earned an average rating of "Hold" from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $20.27.

A number of research firms have recently issued reports on XIFR. Guggenheim cut their price objective on XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. CIBC cut their price target on XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. BMO Capital Markets reiterated a "market perform" rating and issued a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. BNP Paribas upgraded shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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

NYSE XIFR traded down $0.15 on Friday, hitting $8.31. 3,638,495 shares of the stock were exchanged, compared to its average volume of 4,469,174. The company has a market capitalization of $777.27 million, a PE ratio of -83.10 and a beta of 1.03. 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 business's fifty day moving average is $16.04 and its 200 day moving average is $20.72. XPLR Infrastructure has a 52 week low of $8.29 and a 52 week high of $35.15.

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XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results 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%. Research analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC boosted its position in shares of 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 worth $381,000 after acquiring an additional 3,387 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of XPLR Infrastructure in the 4th quarter valued at $218,000. Alberta Investment Management Corp bought a new position in shares of XPLR Infrastructure in the 4th quarter valued at $1,737,000. Truist Financial Corp raised its holdings in shares of XPLR Infrastructure by 10.1% during the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock worth $204,000 after buying an additional 1,049 shares in the last quarter. Finally, Castellan Group lifted its position in shares of XPLR Infrastructure by 4.6% during the 4th 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 last quarter. Institutional investors own 66.01% of the company's stock.

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.