XPLR Infrastructure, LP (NYSE:XIFR – Get Free Report) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.5714.
A number of analysts recently commented on XIFR shares. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their target price on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Morgan Stanley increased their target price on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Finally, Evercore set a $11.00 target price on XPLR Infrastructure in a report on Monday, May 11th.
Check Out Our Latest Analysis on XPLR Infrastructure
XPLR Infrastructure Price Performance
XPLR Infrastructure (NYSE:XIFR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 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 firm had revenue of $275.00 million during the quarter. During the same period in the prior year, the company posted ($1.05) EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that XPLR Infrastructure will post -1.34 EPS for the current year.
Hedge Funds Weigh In On XPLR Infrastructure
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in XPLR Infrastructure by 4,489.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock worth $3,133,000 after purchasing an additional 301,310 shares in the last quarter. Anchorage Capital Advisors L.P. bought a new position in XPLR Infrastructure during the 3rd quarter worth about $33,443,000. Counterpoint Mutual Funds LLC bought a new position in XPLR Infrastructure during the 3rd quarter worth about $3,148,000. Cbre Investment Management Listed Real Assets LLC bought a new position in XPLR Infrastructure during the 3rd quarter worth about $8,084,000. Finally, Greenland Capital Management LP bought a new position in XPLR Infrastructure during the 3rd quarter worth about $2,503,000. 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.
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