XPLR Infrastructure (NYSE:XIFR) Receives Hold Rating from Evercore

Evercore reissued their hold rating on shares of XPLR Infrastructure (NYSE:XIFR) in a research report report published on Thursday morning, Marketbeat reports. The brokerage currently has a $10.80 price objective on the solar energy provider’s stock.

Several other equities research analysts have also recently commented on the company. Barclays increased their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Wall Street Zen lowered XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Finally, Royal Bank Of Canada began coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $12.33.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR traded down $0.22 during trading on Thursday, reaching $9.89. The stock had a trading volume of 185,494 shares, compared to its average volume of 1,525,711. The business has a fifty day moving average price of $10.24 and a 200-day moving average price of $9.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The stock has a market cap of $929.36 million, a PE ratio of -31.90 and a beta of 1.01. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The company’s revenue was down 15.3% compared to the same quarter last year. On average, equities analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE acquired a new position in XPLR Infrastructure in the 3rd quarter valued at about $28,000. Huntington National Bank increased its stake in XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after buying an additional 2,698 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in XPLR Infrastructure during the 2nd quarter worth approximately $25,000. Future Financial Wealth Managment LLC purchased a new position in XPLR Infrastructure in the 3rd quarter valued at approximately $55,000. Finally, JPMorgan Chase & Co. purchased a new position in XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

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.