Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Target Price at $12.00

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.1667.

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

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock opened at $12.27 on Friday. The company has a fifty day moving average of $11.92 and a 200-day moving average of $10.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. XPLR Infrastructure has a 52-week low of $8.68 and a 52-week high of $13.25. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.26 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). The company had revenue of $275.00 million during the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.05) EPS. Equities research analysts expect that XPLR Infrastructure will post -1.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. 180 Wealth Advisors LLC increased its position in XPLR Infrastructure by 3.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock worth $329,000 after purchasing an additional 1,014 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of XPLR Infrastructure by 7.7% in the 4th quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock worth $228,000 after buying an additional 1,637 shares during the last quarter. Deutsche Bank AG raised its position in shares of XPLR Infrastructure by 8.4% during the 4th quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock valued at $275,000 after buying an additional 2,125 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of XPLR Infrastructure by 14.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after buying an additional 2,500 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in XPLR Infrastructure by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 38,493 shares of the solar energy provider’s stock valued at $409,000 after purchasing an additional 2,616 shares during the period. 66.01% of the stock is owned by hedge funds and other institutional investors.

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.