XPLR Infrastructure, LP (NYSE:XIFR) Receives $16.18 Average Target Price from Analysts

XPLR Infrastructure, LP (NYSE:XIFR) has received an average recommendation of “Reduce” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.1818.

A number of analysts have weighed in on the company. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th. Barclays upped their target price on XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Finally, Jefferies Financial Group increased their price objective on XPLR Infrastructure from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 9th.

Institutional Trading of XPLR Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $46,948,000. Apollo Management Holdings L.P. purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $40,853,000. Lavaca Capital LLC purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $180,000. Gabelli Funds LLC purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $4,009,000. Finally, Ardsley Advisory Partners LP purchased a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $5,986,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 1.1%

XPLR Infrastructure stock opened at $10.22 on Wednesday. The business has a fifty day moving average of $10.20 and a two-hundred day moving average of $9.30. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The firm has a market cap of $960.37 million, a P/E ratio of -5.94 and a beta of 0.91. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $26.25.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.64. The company had revenue of $342.00 million during the quarter, compared to analyst estimates of $359.64 million. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The business’s quarterly revenue was down 5.0% on a year-over-year basis. On average, analysts forecast that XPLR Infrastructure will post 2.33 earnings per share 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.