XPLR Infrastructure, LP (NYSE:XIFR) Receives $12.58 Average Price Target from Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given an average recommendation of “Reduce” by the seven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.5833.

A number of research analysts have issued reports on XIFR shares. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Barclays upped their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Morgan Stanley dropped their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada assumed coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price objective for the company.

Institutional Trading of XPLR Infrastructure

Several large investors have recently made changes to their positions in the business. Abundance Wealth Counselors purchased a new stake in XPLR Infrastructure in the third quarter valued at $1,112,000. GraniteShares Advisors LLC acquired a new position in shares of XPLR Infrastructure in the 3rd quarter valued at about $1,763,000. DekaBank Deutsche Girozentrale acquired a new position in shares of XPLR Infrastructure in the 3rd quarter valued at about $1,299,000. ING Groep NV purchased a new stake in shares of XPLR Infrastructure in the third quarter worth about $20,340,000. Finally, Apollo Management Holdings L.P. acquired a new stake in XPLR Infrastructure during the second quarter worth about $40,853,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Up 3.0%

XPLR Infrastructure stock opened at $10.61 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market cap of $996.65 million, a PE ratio of -34.21 and a beta of 1.02. The stock has a 50-day moving average of $10.04 and a two-hundred day moving average of $9.91. XPLR Infrastructure has a one year low of $7.53 and a one year high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, 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.