XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Recommendation of “Reduce” from Analysts

XPLR Infrastructure, LP (NYSE:XIFR) has earned an average rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.1667.

XIFR has been the topic of a number of research reports. Evercore set a $11.00 price target on XPLR Infrastructure in a report on Monday, May 11th. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Morgan Stanley boosted their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $12.00 target price on shares of XPLR Infrastructure in a report on Friday, July 17th.

XPLR Infrastructure Stock Down 2.6%

XIFR stock opened at $12.54 on Friday. The company has a market cap of $1.18 billion, a P/E ratio of 11.51 and a beta of 0.94. XPLR Infrastructure has a 52 week low of $8.68 and a 52 week high of $13.25. The company’s 50-day moving average price is $11.96 and its 200 day moving average price is $10.95. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company had revenue of $275.00 million during the quarter. During the same period in the previous year, the business posted ($1.05) earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that XPLR Infrastructure will post -1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its holdings in XPLR Infrastructure by 372.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after acquiring an additional 687,931 shares in the last quarter. Central Pacific Bank Trust Division raised its position in XPLR Infrastructure by 35.9% during the second quarter. Central Pacific Bank Trust Division now owns 26,500 shares of the solar energy provider’s stock worth $313,000 after acquiring an additional 7,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of XPLR Infrastructure by 248.8% in the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock valued at $8,157,000 after purchasing an additional 547,898 shares in the last quarter. Amundi lifted its holdings in shares of XPLR Infrastructure by 25.8% in the first quarter. Amundi now owns 114,113 shares of the solar energy provider’s stock valued at $1,212,000 after purchasing an additional 23,426 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of XPLR Infrastructure by 58.4% in the first quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock valued at $1,356,000 after purchasing an additional 47,081 shares during the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.

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.