XPLR Infrastructure, LP (NYSE:XIFR) Receives Average Rating of “Hold” from Analysts

by · The Markets Daily

XPLR Infrastructure, LP (NYSE:XIFR – Get Free Report) has been given an average recommendation of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.5714.

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings upgraded shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Barclays upped their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, February 12th. Evercore set a $11.00 price objective on shares of XPLR Infrastructure in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 20th.

Check Out Our Latest Analysis on XPLR Infrastructure

Hedge Funds Weigh In On XPLR Infrastructure

Several large investors have recently bought and sold shares of XIFR. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure in the second quarter valued at $55,000. Legal & General Group Plc purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at about $830,000. Prudential Financial Inc. purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at about $119,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at about $2,869,000. Finally, Invesco Ltd. purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at about $244,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

Shares of XIFR stock opened at $12.31 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of $10.91 and a 200 day moving average price of $10.26. The company has a market cap of $1.16 billion, a P/E ratio of 11.30 and a beta of 0.95. XPLR Infrastructure has a 12 month low of $7.99 and a 12 month high of $13.25.

XPLR Infrastructure (NYSE:XIFR – Get Free Report) last issued its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The firm had revenue of $275.00 million for the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.05) EPS. Sell-side analysts predict that XPLR Infrastructure will post -0.32 earnings per share for the current fiscal year.

XPLR Infrastructure Company Profile

(Get Free Report)

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.

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