Brokerages Set XPLR Infrastructure, LP (NYSE:XIFR) PT at $12.50

XPLR Infrastructure, LP (NYSE:XIFR) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $12.50.

Several analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 20th. Mizuho boosted their price target on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Finally, Evercore reissued a “positive” rating and issued a $12.00 target price on shares of XPLR Infrastructure in a research note on Monday, August 17th.

XPLR Infrastructure Stock Down 0.2%

XIFR stock opened at $12.12 on Friday. The stock has a fifty day moving average of $11.93 and a 200-day moving average of $11.28. XPLR Infrastructure has a fifty-two week low of $8.68 and a fifty-two week high of $13.25. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 18.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The business had revenue of $363.00 million for the quarter. During the same quarter in the prior year, the firm posted $0.84 earnings per share. As a group, equities research analysts predict that XPLR Infrastructure will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of XPLR Infrastructure in the 3rd quarter worth approximately $28,000. Huntington National Bank lifted its position in XPLR Infrastructure by 715.6% during the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $55,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at $77,000. Finally, Headlands Technologies LLC purchased a new stake in shares of XPLR Infrastructure in the 2nd quarter worth about $111,000. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Company Profile

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.