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

XPLR Infrastructure, LP (NYSE:XIFRGet Free Report) has been assigned a consensus recommendation of “Reduce” from the seven research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.3333.

Several equities analysts have weighed in on the company. Evercore set a $11.00 target price on XPLR Infrastructure in a report on Monday, May 11th. Morgan Stanley increased their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, May 20th. Mizuho raised their price objective on XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $12.00 price objective on shares of XPLR Infrastructure in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Sunday, July 26th.

Check Out Our Latest Research Report on XPLR Infrastructure

Institutional Trading of XPLR Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure during the 2nd quarter worth $55,000. Legal & General Group Plc acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at about $830,000. Prudential Financial Inc. bought a new position in shares of XPLR Infrastructure in the second quarter worth about $119,000. Arrowstreet Capital Limited Partnership bought a new position in shares of XPLR Infrastructure in the second quarter worth about $2,869,000. Finally, Invesco Ltd. acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $244,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Price Performance

NYSE XIFR opened at $11.76 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.11 billion, a PE ratio of 18.09 and a beta of 0.94. The company has a 50 day moving average price of $11.93 and a two-hundred day moving average price of $11.11. XPLR Infrastructure has a 12-month low of $8.68 and a 12-month high of $13.25.

XPLR Infrastructure (NYSE:XIFRGet Free Report) last posted its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, topping the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The company had revenue of $363.00 million during the quarter. During the same period in the prior year, the firm earned $0.84 earnings per share. As a group, equities analysts predict that XPLR Infrastructure will post -1.41 earnings per share for the current fiscal year.

About XPLR Infrastructure

(Get Free Report)

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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Analyst Recommendations for XPLR Infrastructure (NYSE:XIFR)

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