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

XPLR Infrastructure, LP (NYSE:XIFR) has been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.50.

A number of equities research analysts recently weighed in on the company. BNP Paribas upgraded XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Scotiabank lowered their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Guggenheim cut their target price on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its stake in shares of XPLR Infrastructure by 18.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider’s stock valued at $381,000 after acquiring an additional 3,387 shares in the last quarter. Good Life Advisors LLC bought a new stake in XPLR Infrastructure in the fourth quarter valued at $218,000. Alberta Investment Management Corp bought a new position in shares of XPLR Infrastructure during the 4th quarter worth about $1,737,000. Truist Financial Corp grew its stake in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock valued at $204,000 after buying an additional 1,049 shares during the period. Finally, Castellan Group increased its position in XPLR Infrastructure by 4.6% in the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock valued at $2,342,000 after buying an additional 5,772 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Stock Down 0.3 %

XIFR stock opened at $9.30 on Friday. The firm has a 50-day moving average price of $9.60 and a 200-day moving average price of $16.57. XPLR Infrastructure has a 12 month low of $7.97 and a 12 month high of $35.15. 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 capitalization of $873.85 million, a P/E ratio of -93.00 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share 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, equities research analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

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.