Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) Target Price at $12.57

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.5714.

XIFR has been the subject of a number of recent analyst reports. Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays lifted their price target on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a research report on Monday, May 11th. Finally, 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 research report on Wednesday, May 20th.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $12.46 on Thursday. XPLR Infrastructure has a 1 year low of $7.99 and a 1 year high of $12.61. The firm has a 50 day moving average price of $10.80 and a 200 day moving average price of $10.21. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 11.43 and a beta of 0.89. 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 (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company had revenue of $275.00 million during the quarter. During the same period last year, the firm posted ($1.05) EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts predict that XPLR Infrastructure will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anchorage Capital Advisors L.P. lifted its position in 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 in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in XPLR Infrastructure by 557.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after buying an additional 3,900,000 shares in the last quarter. ING Groep NV acquired a new position in XPLR Infrastructure during the third quarter valued at approximately $20,340,000. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure during the second quarter valued at approximately $16,400,000. Finally, Aventail Capital Group LP lifted its position in XPLR Infrastructure by 39.2% during the fourth quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider’s stock valued at $16,086,000 after buying an additional 453,144 shares in the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.

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.