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

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

Several equities research analysts have recently weighed in on the stock. BNP Paribas raised shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. Jefferies Financial Group lowered their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Scotiabank reduced their price target on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. CIBC lowered their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR traded up $0.39 during midday trading on Tuesday, reaching $8.88. 830,094 shares of the company were exchanged, compared to its average volume of 3,683,150. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The stock has a market cap of $830.58 million, a PE ratio of -88.80 and a beta of 1.03. The business's fifty day moving average is $12.79 and its two-hundred day moving average is $18.72. XPLR Infrastructure has a one year low of $7.97 and a one year high of $35.15.

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XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly 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%. As a group, analysts predict that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of large investors have recently made changes to their positions in XIFR. Apollon Wealth Management LLC grew its stake in XPLR Infrastructure by 5.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 12,306 shares of the solar energy provider's stock worth $340,000 after buying an additional 667 shares during the last quarter. Truist Financial Corp boosted its holdings in 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 acquiring an additional 1,049 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake 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 worth $413,000 after acquiring an additional 2,084 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of XPLR Infrastructure during the third quarter valued at about $63,000. Finally, Avion Wealth raised its position in shares of XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider's stock valued at $47,000 after purchasing an additional 2,270 shares during the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.

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.