XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been given a consensus rating of “Hold” by the seven analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.50.

A number of research firms have recently commented on XIFR. Evercore restated a “positive” rating and set a $12.00 target price on shares of XPLR Infrastructure in a research report on Monday. Mizuho lifted their price target on XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Morgan Stanley upped their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $12.00 price objective on shares of XPLR Infrastructure in a report on Friday, July 17th.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR opened at $11.63 on Tuesday. The company has a market capitalization of $1.10 billion, a PE ratio of 17.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27. The company’s fifty day moving average price is $11.92 and its 200 day moving average price is $11.13. XPLR Infrastructure has a 1 year low of $8.68 and a 1 year high of $13.25.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.90. The company 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 period in the previous year, the firm posted $0.84 EPS. On average, research analysts predict that XPLR Infrastructure will post -1.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XIFR. Anchorage Capital Advisors L.P. grew its stake in XPLR Infrastructure by 109.8% in the 4th 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 acquiring an additional 3,610,961 shares during the period. Adage Capital Partners GP L.L.C. raised 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 worth $46,000,000 after acquiring an additional 3,900,000 shares during the period. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure during the second quarter worth $16,400,000. Aventail Capital Group LP raised 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 worth $16,086,000 after acquiring an additional 453,144 shares during the period. Finally, Prescott Group Capital Management L.L.C. lifted its holdings in XPLR Infrastructure by 22.0% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,331,085 shares of the solar energy provider’s stock valued at $13,311,000 after purchasing an additional 240,000 shares in the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

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.