XPLR Infrastructure, LP (NYSE:XIFR) Receives $20.27 Average PT from Brokerages

XPLR Infrastructure, LP (NYSE:XIFR) has been given an average recommendation of “Hold” by the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.27.

A number of equities analysts have issued reports on the company. Jefferies Financial Group lowered their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. BMO Capital Markets restated 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. JPMorgan Chase & Co. cut their price objective 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. CIBC decreased their target price 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, Guggenheim decreased their price objective on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC raised its stake in shares of 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 purchasing an additional 667 shares during the period. Truist Financial Corp boosted its stake 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 valued at $204,000 after acquiring an additional 1,049 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of XPLR Infrastructure by 16.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,945 shares of the solar energy provider’s stock valued at $413,000 after acquiring an additional 2,084 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of XPLR Infrastructure during the 3rd quarter worth approximately $63,000. Finally, Avion Wealth lifted its stake in XPLR Infrastructure by 610.2% in the fourth 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. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Trading Up 3.0 %

Shares of XIFR opened at $9.02 on Tuesday. The business’s fifty day moving average is $12.61 and its 200-day moving average is $18.51. The firm has a market cap of $847.54 million, a price-to-earnings ratio of -90.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. XPLR Infrastructure has a 52-week low of $7.97 and a 52-week high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

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.