Analysts Set XPLR Infrastructure, LP (NYSE:XIFR) Price Target at $12.33

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned a consensus rating of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.3333.

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, May 20th. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a research report on Monday, May 11th. Mizuho raised their price target on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. 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, July 17th. Finally, Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Sunday, July 26th.

XPLR Infrastructure Trading Up 1.1%

Shares of NYSE:XIFR opened at $11.60 on Tuesday. XPLR Infrastructure has a 12-month low of $8.68 and a 12-month high of $13.25. The business has a 50 day moving average of $11.92 and a 200-day moving average of $11.11. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.09 billion, a PE ratio of 17.85 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.90. The business had revenue of $363.00 million during the quarter. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. During the same quarter last year, the firm earned $0.84 EPS. As a group, equities research analysts forecast that XPLR Infrastructure will post -1.41 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors have recently modified their holdings of XIFR. Adage Capital Partners GP L.L.C. raised its holdings in shares of XPLR Infrastructure by 557.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock worth $46,000,000 after purchasing an additional 3,900,000 shares during the period. Anchorage Capital Advisors L.P. increased its position in shares of XPLR Infrastructure by 109.8% during the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock valued at $68,993,000 after buying an additional 3,610,961 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of XPLR Infrastructure during the second quarter valued at about $16,400,000. Endure Capital Management LLC purchased a new stake in shares of XPLR Infrastructure in the first quarter worth about $12,054,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of XPLR Infrastructure by 372.8% in the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock worth $10,304,000 after buying an additional 687,931 shares in the last quarter. 66.01% of the stock is owned by 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.